• Signing of first DCaaS contract at initial Northern Territory site
• Total Contract Value of approximately $3.6 million over 5 years
• Includes upfront payment of $0.6 million and recurring revenue for maintenance and management services
• Potential for additional sites across regional Australia

DXN Limited ('DXN' or 'the Company'), a prefabricated modular data centre specialist, has entered its first Data Centre as a Service (DCaaS) agreement with a US Based, global provider of satellite earth stations. The agreement includes a 5-year managed services contract to design, acquire, deploy, manage, and maintain an initial site in the Northern Territory, which will house the customer's technical infrastructures and space satellites. The contract comprises an upfront fee of approximately $0.6 million for the design and build of prefabricated modular solutions and an ongoing monthly fee for managed services, with a Total Contract Value (TCV) of approximately $3.6 million per site inclusive of the upfront fee. The target deployment date is by August 2025. Design work has commenced at the first regional Australia site, under the initial purchase order. Additionally, the US based customer has indicated that there is potential for DXN to secure multiple additional sites across regional Australia. DXN's Managing Director, Shalini Lagrutta, stated that this contract exemplifies how DXN can add value to its global customer base in Australia by not just building and handing over these infrastructure projects, but also by maintaining and managing them on an ongoing basis.

DXN's growth opportunity has always been to not only design, build, and sell projects to customers as one-offs, but also to offer managed services on edge modular prefabricated data centre sites. This contract demonstrates DXN's ability to add value to its global customer base in Australia by not just building and handing over infrastructure projects, but also by maintaining and managing them on an ongoing basis.