• X2M secures $3m contract from City of Seoul to deliver 100,000 IoT-connected personal safety devices
• Project scheduled for completion by December 2025
• Devices integrate with Seoul's smart city infrastructure for real-time emergency response
• Potential to scale to 1 million units, creating significant growth pipeline

X2M Connect Limited (ASX:X2M), an Australian Internet of Things (IoT) technology company, has secured an approximately A$3 million contract with the City of Seoul in South Korea to deliver the core technology behind the city's flagship 2025 IoT Portable Safety Alarm Project. This major public safety initiative is focused on protecting women and vulnerable citizens in the city. Under the contract, X2M will provide 100,000 smart personal safety devices - compact, rechargeable IoT-connected keychains called 'Help Me' - distributed by the Seoul Metropolitan Government as part of a national push to improve urban safety standards. X2M's devices are designed to integrate directly into Seoul's existing smart city infrastructure, including the Ansimi app, CCTV networks, and emergency response platforms. The devices alert police and emergency contacts when activated, sharing the user's real-time location and initiating rapid intervention via connected control centres. The first wave of devices will be distributed free of charge by the City government, with the initiative planned to scale to 1 million devices over time as part of the government's broader public safety roadmap. This creates a strong long-term commercial opportunity for X2M. The project demonstrates how X2M is successfully leveraging its existing successes in South Korea to drive growth within the same network. The size of this contract and its potential future growth highlight the value of the very large addressable market within X2M's existing customer base.

X2M expects to bring similar solutions into the Australian market, with this mandate positioning the company for a solid start to the 2026 financial year.

This project is a stepping stone into a scalable, government-backed safety ecosystem that can expand across cities, regions, and customer segments. X2M sees strong growth potential within this program and similar opportunities globally as urban environments prioritise public safety in their digital transformation agendas.