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DXN LIMITED - Corporate Spotlight

DXN Limited signs agreement to supply Connected Farms with a fully engineered factory... DXN Limited signs agreement to supply Connected Farms with a fully engineered factory built prefabricated modular data centre for up to 15 sites across Australia.More

Corporate Spotlight

DXN Limited signs agreement to supply Connected Farms with a fully engineered factory built prefabricated modular data centre for up to 15 sites across Australia.
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DXN INCREASES SALES BY 65%

DXN SIGNS TWO NEW CONTRACTS WORTH $1M

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DXN (ASX:DXN) signs two new contracts worth a combined $1M

Technology

ASX:DXN
DXN (ASX:DXN) signs two new contracts worth a combined $1M
A DXN Cable Landing Station. Source: DXN

  • Data centre specialist DXN (DXN) has signed two contracts with Sub.Co and Solomon Islands Submarine Cable Company (SISCC) worth a combined $1 million
  • The first contract, signed with Sub.Co and worth $650,000, will see DXN build a Cable Landing Station at Cocos Keeling Island
  • This will be part of the Oman Australia Cable system, a 9800-kilometre system of undersea cables connecting Perth to the capital of Oman in the Middle East
  • Cable Landing Stations are typically the point where undersea cables meet on-land networks and play an important role in powering and protecting the underwater cables
  • DXN's second contract, signed with SISCC and worth $350,000, will see the company supply a modular data system to Honiara in the Solomon Islands
  • SISCC is a government-backed company that owns and operates the Solomon Islands' submarine cable service

Data centre specialist DXN (DXN) has signed two contracts with Sub.Co and Solomon Islands Submarine Cable Company (SISCC) worth a combined $1 million.


Under the first of the two contracts, worth $650,000 and signed with Sub.Co, DXN will build a Cable Landing Station (CLS) at Cocos Keeling Island as part of the Oman Australia Cable system.


This system connects Perth to Muscat, the capital city of Oman in the Middle East, through 9800 kilometres of undersea cables.


The CLS contract is an extension of a previous contract signed between DXN and APX Parters, which was later novated to Sub.Co.


The second of today's contracts, signed with SISCC and worth $350,000, will see DXN supply a modular data centre to Honiara in the Solomon Islands.


SISCC is a joint venture entity owned by the Investment Corporation of the Solomon Islands and the Solomon Islands Nations Provident Fund — making it a 100-per-cent government-backed company. SISCC owns and operates the Solomon Islands' submarine cable services.


DXN Chief Executive Matthew Madden said the company is "thrilled" by both of today's contracts.


"The contract with Sub.Co is an extension to an existing contract announced in December 2020 and demonstrates the continued trust in our capability and teams' performance in delivering," Matthew said.


"The contract with SISCC is a brand-new relationship and demonstrated how DXN's prefabricated modular data centre reputation continues to grow in the region," he said.


What is a CLS?


A Cable Landing Station is typically the point where underwater ocean cables meet on-land networks.


With millions of kilometres of cables under the ocean connecting every continent, Cable Landing Stations play an important role in powering and protecting the undersea fibre optic cables and distributing the data carried through such networks.


"Where submarine networks meet terrestrial networks, CLS need to be designed and built to rigorous standards to last the design life of the cable systems and longer," DXN said.


The company said its CLS units can designed to withstand hard environmental conditions, including seismic events, tropical cyclones and corrosive coastal areas.


Read the Full Article on The Market Herald here

DXN NABS $1M IN DATA CENTRE CONTRACTS

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DXN (ASX:DXN) nabs $1M in data centre contracts

Technology

ASX:DXN   
 
DXN (ASX:DXN) - CEO, Matthew Madden - The Market Herald
CEO, Matthew Madden

  • DXN (DXN) has signed two separate agreements to supply modular data centres for Boeing Defence Australia (BDA) and Covalent Lithium
  • Under both agreements, DXN will supply fully prefabricated and engineered factory-built modular data centres
  • The BDA supply contract is worth around $700,000, while the Covalent contract is worth $325,000 

DXN (DXN) has signed two separate agreements to supply modular data centres for Boeing Defence Australia (BDA) and Covalent Lithium. 


Under both agreements, DXN will supply fully prefabricated and engineered factory-built modular data centres. 


The BDA supply contract is worth around $700,000 and will see DXN build a fully engineered modular data centre. 


BDA is a wholly owned subsidiary of The Boeing Company, within Boeing's defence, space and security business unit and is one of the leading aerospace enterprises globally.


DXN signed a limited notice of award letter with Covalent and received a purchase order to design prefabricate and build a fully engineered modular data centre for around $325,000 in Mt Holland. 


Notably, Covalent is the manager appointed by a joint venture between subsidiaries of Sociedad Química y Minera de Chile S.A. and ASX-listed Wesfarmers (WES) to develop and operate the Mt Holland Lithium Project in Western Australia. 


"DXN is delighted to be selected as a partner to both BDA and Covalent. The DXN team continue to develop products and services that have high demand and acceptance in the mining industry and this new customer is further testament
towards our strategic focus," CEO Matthew Madden said.


"DXN continues to demonstrate that we can break into new market segments such as defence, space and security with companies like Boeing where high-quality critical communications infrastructure like modular data centres are required to be on-site. DXN is well-positioned to support the needs of critical infrastructure across multiple segments," he added. 



Read the full article on The Market Herald here.

DXN RAISES $528K THROUGH SINGLE INVESTOR

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DXN (ASX:DXN) raises $528,000 through single institutional investor

Technology
ASX: DXN 

14 April 2021 14:20

CEO, Matthew Madden

Fabricated modular data centre company DXN (DXN) has completed its placement to a single institutional investor, 

  Armytage Private

• The company received binding commitments from Armytage to raise a total of $528,000 in proceeds before costs

 DXN will issue 44 million fully paid ordinary shares at 1.2 cents each, along with free attaching unlisted options

 Placement proceeds will be used to provide working capital across DXN’s business

 DXN is in the grey and trading at 1.5 cents per share

Fabricated modular data centre company DXN (DXN) has completed its placement to a single institutional investor, Armytage Private.


The company has received binding commitments from Armytage, under its Armytage Micro Cap Activist Fund, to raise a total of $528,000 in proceeds (before costs).


Under the placement, DXN will issue 44 million fully paid ordinary company shares at 1.2 cents per share. Alongside the ordinary shares, the company will also issue a free attaching unlisted option on a one-for-two basis, meaning that one option will be issued for every two new shares bought. 


The free attaching unlisted options will have an exercise price of three cents each, and come with an expiration date currently set for April 30, 2023. The company expects to complete allotment of the new shares and placement options around April 15, 2021.


DXN’s CEO, Matthew Madden, commented on the positive results of the company’s placement and welcomed its new institutional investor.


“DXN is delighted to welcome Armytage as a shareholder with DXN,” he said.


“Having a quality investor like Armytage invest is a testament to the belief in this growing data centre sector and DXN’s unique place as a manufacturer and operator,” he added.


The funds that have been raised through Armytage Private will primarily be used to provide working capital across the company’s data centre business. 


Read the full article on The Market Herald here


INVESTOR PRESENTATION

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DXN INCREASES SALES BY 65%

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DXN (ASX:DXN) increases sales by 65pc over first-half

Technology

ASX:DXN    

  • Data centre specialist DXN (DXN) has posted a 65 per cent increase in sales over the first half of the 2021 financial year
  • Sales over the half-year period totalled $4.1 million, up from $2.5 million at the end of 1H FY20
  • DXN ended December with a reduced loss, posting an earnings before interest, taxes, depreciation and amortisation (EBITDA) loss of $225,854 
  • Its net loss after tax also improved, dropping from $6.1 million at the end of 1H FY20 to $2.37 million at the end of December
  • Pleasingly, the business signed a number of new contracts over the half-year period with a total value of $3.6 million

Data centre specialist DXN (DXN) has posted a 65 per cent increase in sales over the first half of the 2021 financial year.


The company released its half-year financials on Thursday, revealing sales over the half-year period totalled $4.1 million, up from $2.5 million at the end of 1H FY20.


DXN also ended December 31 with a gross profit of $1.42 million, an increase of 158 per cent year on year.


Despite the strong gains in sales and profits, the tech stock still ended December with a loss.


However, the company managed to reduce its loss by posting an earnings before interest, taxes, depreciation and amortisation (EBITDA) loss of $225,854.


Comparatively, it ended the previous corresponding period with an EBITDA loss of $2.75 million — a reduction of 92 per cent.


DXN's net loss after tax also improved over the half year, dropping from $6.1 million at the end of 1H FY20 to $2.37 million at the end of December 2020.


"DXN has made significant progress with its restructuring and strategy implementation and the benefits began to emerge in 1H FY21," CEO Matthew Madden commented.


"We are seeing positive results with regards to cost containment and improved efficiencies being achieved at DXN’s new manufacturing facility," he added.


Pleasingly, DXN also revealed it signed a number of new contracts over the half-year period with a total value of $3.6 million.


Amongst the new clients are Newcrest Mining, CPS, Streamline Connect and with APX Partners.


"The pipeline of new business opportunities continues to be strong and this is expected to support sales over the remainder of FY21," the CEO concluded.


Read the full article on The Market Herald here.

DXN POSITIVE QUARTERLY CASH FLOW

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DXN (ASX:DXN) sees first positive quarterly cash flow

Technology

ASX:DXN  

CEO, Matthew Madden
Source: DXN 

  • Data centre company DXN (DXN) achieved positive quarterly cash flow for the first time during the December 2020 quarter
  • The company’s cash receipts, totalling $1.97 million, were 89 per cent higher than they were during the previous quarter
  • DXN further strengthened its cash position with $1.8 million in new contracts and by restructuring its ANZ debt facility
  • The company ended the quarter on December 31, 2020, with $2.3 million in total available funds
  • DXN closed in the grey, to trade at 1.7 cents per share



Data centre company DXN (DXN) achieved positive quarterly cash flow for the first time during the December 2020 quarter.


During the three-month period which ended on December 31, 2020, the company’s operating activities produced $55,000 in net cash. This was the result of reduced overhead costs and increased cash receipts from DXN’s customers.


The company’s overall cash receipts for the quarter came in at $1.97 million, which was 89 per cent higher than in the previous quarter. This included a payment of $610,000 from Southern Cross.


DXN was able to further strengthen its cash position by securing $1.8 million in new sales during the quarter. This included a contract worth roughly $700,000 with Streamline Connect, for the supply of modules to a large mining client in Western Australia’s Pilbara region. 


It also consisted of a contract worth approximately $1.1 million with APX Partners for a cable landing station.


In addition to securing new contracts, DXN also boosted its balance sheet by renegotiating its debt facility with ANZ (ANZ). 


Through these negotiations, the company was able to significantly simplify the facility’s loan structure and remove certain covenants.


As a result of the facility restructuring, DXN reduced its repayment posts by $85,000 per month. 


While COVID-19 complicated DXN’s delivery of projects during 2020, the company was still able to overcome various challenges posed by the pandemic. To offset potential delays caused by border closures, DXN entered into several sub-contract arrangements to assist with commissioning and installation activities in Australia and abroad.


As a result, the company was able to complete installation of its first cable landing station in Fiji, for Southern Cross Cable Network.


The company ended the quarter on December 31, 2020 with $2.3 million in total available funding. 


Read the full article on The Market Herald here.

DXN SIGNS $700K CONTRACT WITH STREAMLINE

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DXN (ASX:DXN) signs $700K contract with Steamline Connect

Mining

ASX:DXN   

DXN (ASX:DXN) signs $700K contract with Steamline Connect

Source: DXN

  • Prefabricated data centre manufacture DXN (DXN) has signed a $700,000 supply contract with Streamline Connect 
  • DXN will design and prefabricate a fully engineered data centre for a WA mining company 
  • The new order will bring the total module orders for the mining sector to $1 million for the second quarter of 2021 financial year
  • On the market this afternoon, DXN is up 5.26 per cent and is trading for 2 cents per share



DXN (DXN) has signed a $700,000 contract with Streamline Connect for a modular data centre.


The company will design and prefabricate a fully engineered data centre for a tier-one global mining operator.


Streamline Connect is a leading Western Australian communications company and provides telecommunications, resources, utilities, rail, and public sector with fit-for-purpose fixed and wireless communications solutions. 


The data centre will be delivered to the Pilbara region of Western Australia. 


"We are thrilled to gain more traction in the mining industry through working with the Streamline Connect team to build this critical mining infrastructure," DXN CEO Matthew Madden said. 


"The market for prefabricated modular solutions continues to grow as critical infrastructure is required to be housed in specialised modules that are designed specifically for the Pilbara region," he added. 


The new order will bring the total module orders for the mining sector to $1 million for the second quarter of 2021 financial year. 

"While we are proud to support the Australian tech sector, more importantly, DXN are proving themselves to be a leader in this sector and we are delighted to have engaged with the DXN team," Streamline Connect Director Nick Jenkins said. 


On the market this afternoon, DXN is up 5.26 per cent and is trading for 2 cents per share at 1:00 pm AEDT.



Read the full article on The Market Herald here.

DXN (ASX:DXN) teams with Connected Farms

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DXN (ASX:DXN) teams with Connected Farms to supply 15 data centres

Telecommunication

ASX:DXN    MCAP $24.39M  
DXN(ASX:DXN) - CEO, Matthew Madden (left) - The Market Herald
CEO, Matthew Madden (left)
Source: DXN


  • Modular data centre specialist DXN (DXN) has signed a Master Supply Agreement (MSA) with Connected Farms
  • Connected Farms is an Australian licenced telecommunications carrier and was formed to specifically provide connectivity solutions to the agriculture sector
  • This agreement will see DXN supply and roll out modular data centres for up to 15 sites across Australia
  • The first order is valued at $1 million and is for two sites in Queensland and Victoria
  • The roll out of the additional 13 sites is expected to be completed over a period of around 18 months
  • On the market today, DXN is up 4.35 per cent and is trading for 2.4 cents per share

DXN (ASX:DXN) has signed a Master Supply Agreement (MSA) with Connected Farms which will see DXN supply and roll out modular data centres for up to 15 sites across Australia


Connected Farms is an Australian licenced telecommunications carrier and was formed to specifically provide connectivity solutions to the agriculture sector.


The company offers high-quality broadband services to farmlands for voice, data and farming Internet of Things (IoT) applications.


Under the agreement, the first order is around $1 million for two sites in Queensland and New South Wales. The roll out of the additional 13 sites is expected to be completed over a period of around 18 months.


The companies have worked on a standard design that will be specific to Connected Farms requirements. Each site will have its own order value, which means prices may vary between each centre.


DXN CEO, Matthew Madden, is thrilled to be working with Connected Farms on this exciting initiative.


"DXN is excited to support Connected Farms and leverage our skills as a vertically integrated data centre company," he said.

Australia is the global leader in autonomous vehicles, mainly due to the large investments from the mining sector.


"Agriculture is the next market that will embrace autonomous vehicles and we are excited about helping another Australian company leading the way. With farmers continuing to adopt Agritech, agriculture is going to be one of the key growth industries for data," Matthew added.


DXN believes the growth in edge data centres is just the beginning of machine to machine communication. It's data centres are designed to meet the harshest environmental requirements in Australia and globally.


"DXN being Australian-owned, and with local manufacturing based in Perth, it is the right fit to be a long term partner for Connected Farm's business model," Connected Farms CEO Tom Andrews said.


"DXN has now proven themselves with multiple high-quality builds around the country and overseas, with the ability to custom design and complement the Connected Farms business model is a winning formula for the partnership," he added.


On the market today, DXN is up 4.35 per cent and is trading for 2.4 cents per share at 12:28 pm AEST.


Read the full article on The Market Herald here: https://themarketherald.com.au/dxn-asxdxn-teams-with-connected-farms-to-supply-15-data-centres-2020-09-24/

DXN ENTERS $1.5M CONTRACT WITH NEWCREST

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DXN (ASX:DXN) enters $1.5M contract with Newcrest

Telecommunication

ASX:DXN    MCAP $25.33M  

CEO, Matthew Madden
Source: The Market Herald


  • Data centre specialist DXN (DXN) has entered a $1.5 million contract with mining giant Newcrest Mining (NCM)
  • This contract will see DXN supply a fully engineered modular data centre to Newcrest's mining site in Cadia, New South Wales
  • The company's data centres provide reliable, secure and affordable means for companies and individuals to protect and store their data
  • The data can be accessed anytime either via the mobile app or via the data centres located in Sydney and Melbourne
  • DXN is up 14.6 per cent on the back of this news and shares are trading for 2.8 cents each

Data centre specialist DXN (ASX:DXN) has entered a $1.5 million contract with mining giant Newcrest Mining (NCM).


This contract will see DXN supply a fully engineered modular data centre to Newcrest's mining site in Cadia, New South Wales.


The company's data centres provide reliable, secure and affordable means for companies and individuals to protect and store their data.

The data can be accessed anytime either via the mobile app or via the data centres located in Sydney and Melbourne.

"We are thrilled to have secured this contract, which showcases all the value-adds that DXN brings to the forefront," CEO Matthew Madden commented.


"During the course of the formal evaluation, DXN was consistently able to prove that we have best-in-class designs and solutions that matched the requirements for this client," he said.


"We also proved that with our entire supply chain within our control and within Australia, we were able to deliver to match the customer's expectations in terms of timeframes," he added.


DXN is up 14.6 per cent on the back of this news and shares are trading for 2.8 cents each at 12:59 pm AEST.


Read the full article on The Market Herald here: https://themarketherald.com.au/dxn-asxdxn-enters-1-5m-contract-with-newcrest-2020-08-26/

5 THINGS TO KNOW ABOUT DATA CENTERS

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VIDEOS

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Investor Updates with DXN Limited, September 2020 





DXN Investor Updates - Matthew Madden discusses the Newcrest Contract - September 2020





DXN and Newcreast enter contract - The Market Herald Live - August 2020





Investor Updates with Matthew Madden, CEO DXN Limited - August 2020





Investor Updates with Matthew Madden, CEO DXN Limited - June 2020





DXN Limited Company Profile - June 2020



Investor Update with DXN Limited - 25th May 2020




ABOUT DXN

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DXN - ABOUT US


DXN are challenging the status quo of how modern data centres are built, with cutting edge modular design techniques giving both their customised data solutions and their clients a clear edge. 


DXN is an ASX listed (ASX:DXN) company that is redefining the way modern data centres are constructed and operated. Our emerging company is built on the shoulders of an experienced team that collectively has many years of expertise in data centres, telecommunications, construction, along with mechanical, electrical and environmental engineering.


Our team is united in our passion to redefine the modern data centre beyond traditional bricks and mortar. We understand that all the facets of a traditional data centre – availability, reliability, security – need to be married with the infrastructure demands of today – modularity, scalability, flexibility and connectivity. This is why we think outside of the box to come up with our innovative and awarded modular data centre designs. In fact we are using these innovations to build our own Tier III data centres in Sydney and Melbourne.


DXN DATA CENTRE

Our data centres offer a highly secure environment for mission critical computing infrastructure, with access to the cloud marketplace with a multitude of providers, only a cross connect away


DXN MODULES

We design and deploy customised data centre solutions to meet the highest technical specifications for colocation facilities or edge deployments to any site globally. Our pre-fabricated modular design allows for personalisation of your data centre requirements in a scalable, modular and cost-effective way.


Learn More on DXN's Website Here


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