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DXN LIMITED — Capital/Financing Update 2019
May 27, 2019
64806_rns_2019-05-27_a3c08cdc-2fce-46e7-ac13-54439bfe4b55.pdf
Capital/Financing Update
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28 May 2019
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ASX Announcement
$1.06m AGREEMENT SIGNED TO SUPPLY DXN MODULES
The Data Exchange Network Ltd ( DXN or the Company ) (ASX:DXN), a vertically integrated engineer, manufacturer and operator of capital efficient modular pre-fabricated data centres is pleased to announce the execution of a $1.06 million contract with Radlink Communications ( Radlink ), a Western Australian based leader in the provison of wireless communications systems, to engineer and manufacture prefabricated modules to be used as communications modules on a global mining company’s mine in Queensland ( Agreement ).
DXN has commenced work on the project and expects to complete the delivery to meet the customer’s timeline by January 2020. The Agreement is subject to standard termination provisions for a contract of this nature.
Radlink is one of Australia’s leading providers of radio technology solutions with offices in Perth, Adelaide, Brisbane, Moranbah and Newcastle. Radlink services a broad range of industries including the mining, oil and gas, manufacturing, construction and government sectors.
The Company is pleased to be awarded a contract with a company of Radlink’s calibre as it demonstrates the demand for the company’s DXN Module product in the technology transformation taking place in mine sites around Australia and globally. DXN continues to see a growing pipeline of opportunities in the edge infrastructure market, both domestically and in the Asia Pacific region and is optimistic about the revenue this part of our business can generate moving forward. The Company looks forward to updating the market as and when new contracts are awarded.
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About DXN
DXN designs, builds, owns and operates data centres. Offering integrated, customised and tailored solutions to clients, DXN provides businesses with the option of delivering solutions to site through containerised modules, or space in DXN’s modular colocation facilities to suit technical specifications and operational requirements. From a single rack in the colocation facilities through to fully customised Edge Infrastructure, DXN can deliver a range of solutions to meet modern data centre requirements. DXN has achieved an industry first and become the first modular data centre developer in the world to receive both Uptime Institute TIER-Ready III and TIER-Ready IV design review awards.
To find out more about DXN’s Modular Colocation facilities visit www.dataexchange.io
The Data Exchange Network Limited ABN: 46 620 888 548
9 Mumford Place, Balcatta, Perth, Western Australia, 6021 T: 1300 328 239 | E: [email protected]
dataexchange.io
For more information please contact:
Mr Simon Forth CEO Joint Interim T +61 1300 328 239 E: [email protected]
Mr Richard Whiting CEO Joint Interim T: +61 1300 328 239 E: [email protected]
The Data Exchange Network Limited ABN: 46 620 888 548
9 Mumford Place, Balcatta, Perth, Western Australia, 6021
dataexchange.io
T: 1300 328 239 | E: [email protected]