• X2M Connect Ltd requests trading halt pending announcement on capital raising
• Trading halt to end on earlier of announcement release or 15 July 2025
• Company focused on IoT solutions for utility sector in Asia-Pacific and expanding globally

X2M Connect Ltd, an Australian technology company that has developed and commercialized a proprietary Internet of Things (IoT) solution for the utilities sector, has requested a trading halt for its securities pending the release of an announcement concerning a capital raising. The company has stated that the trading halt will end on the earlier of the release of the announcement or the commencement of normal trading on Tuesday, 15 July 2025. X2M Connect is focused on servicing the utility sector in the Asia-Pacific region, where it has a significant number of government and enterprise customer relationships. The company is also looking to continue its global expansion, with subsidiaries already operating in Japan, South Korea, Taiwan, and China, and a recent licensing deal in the Middle East. X2M's IoT solution connects devices such as water, gas, and electricity meters and other utility sensors to the internet, enabling data exchange and remote control of these devices, which provides the basis for artificial intelligence or machine learning applications.