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DXN LIMITED — Capital/Financing Update 2019
Mar 18, 2019
64806_rns_2019-03-18_d13d2a8d-f320-42b0-808d-3d9e56b8ef0c.pdf
Capital/Financing Update
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19 March 2019
ASX Announcement
Development Approval for Sydney
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Sydney Data Centre (SYD-DXN01) – Construction Approval
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SYD-DXN01 – Investor Tour
The Data Exchange Network Limited (The Company) (ASX:DXN) is pleased to announce that the Company has received approval from the Sydney Olympic Park Authority to commence construction of our Sydney data centre (SYD-DXN01). The Company has already completed preliminary activities that include the delivery of prefabricated facility modules, office alterations and the principal infrastructure that supports an initial 1MW cluster.
The development approval has been received more than two weeks later than anticipated. The construction phase will commence immediately, with the objective to be Ready for Service (RFS) by the end of July 2019, with the Company expecting to achieve “Tier Certification of Constructed Facility – TIER III” by the end of August 2019 ( ASX Announcement 4 February 2019 ). In mid-February, the Company undertook investor tours of the Sydney site.
Mr Forth and Mr Whiting the joint interim CEO’s stated, “the tour provided an ideal platform to assist our investors to visualise the scale of the opportunity and the benefits of our modular approach. Additional modules will be deployed in response to market demands, matching our capital investment with revenue. We believe this business model is a disruptor in the data centre space.”
Our latest video presentation can be viewed online, here.
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About DXN
The Data Exchange Network Limited (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. Data Exchange 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 Data Exchange’s Modular Colocation facilities visit www.dataexchange.io
The Data Exchange Limited
9 Mumford Place, Balcatta, Perth, Western Australia, 6021 T: 1300 DATEX | E: [email protected]
dataexchange.io
DXN-SYD01 - preliminary activities include the delivery of pre-fabricated modules:
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The Data Exchange Limited
9 Mumford Place, Balcatta, Perth, Western Australia, 6021
T: 1300 DATEX | 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 Limited
9 Mumford Place, Balcatta, Perth, Western Australia, 6021
T: 1300 DATEX | E: [email protected]
dataexchange.io