• Partnership to offer a fully integrated, AI-powered smart community solution with private 5G connectivity
• Potential to replace NBN connectivity and provide a single, fully managed, end-to-end technology and operations solution
• Targets Australia's retirement village and land lease community sectors, a $6.2 billion market

X2M Connect Limited (ASX:X2M) has signed a transformative non-binding MoU with Mawson Business Advisory Pty Ltd (Mawson) to offer Australia's most comprehensive smart community solution - the Integrated Smart Community Offering (ISCO). ISCO will be a full-suite service offering allowing estate operators to replace up to 20 separate vendor relationships with a single, fully managed, end-to-end technology and operations solution. The partnership targets Australia's retirement village sector, which comprises more than 2,500 villages and approximately 200,000 residents, as well as the broader land lease community sector. Under the MoU, X2M will be the prime contractor for every estate agreement, capturing all revenue and retaining the right to add margin on sub-contracted services. The contracts are intended to be structured as 10-year agreements, potentially delivering substantial long-term recurring revenue per estate. The inclusion of private 5G network infrastructure within each ISCO would represent a major enhancement in X2M's capabilities and commercial opportunity, providing the high-speed connectivity required for real-time, device-to-device communication at scale. X2M's Flexible Micro Engine (FME) platform and data aggregation capabilities, combined with Mawson's established relationships and facilities management expertise, are expected to create a dominant smart community platform in Australia.

This partnership can add significant momentum to X2M's Australian pipeline, which already stands at approximately 5,800 lots across binding and non-binding agreements valued at an estimated $11.8m if all households adopt X2M's offering. The Total Addressable Market (TAM) of X2M's existing utility customers exceeds $600 million in upfront revenue and $40 million in annual recurring revenue if all households of those municipalities' households adopted X2M's technology.