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DXN (ASX:DXN) - CEO, Matthew Madden (right)
CEO, Matthew Madden (right)
Sourced: DXN
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  • Data centre builder DXN (DXN) has commenced a two-phase contract worth over $2 million for Speedcast
  • The first phase is to design a modular cable landing station for Speedcast’s Mozambique operations, worth approximately $50,000
  • The second phase is to build, ship and install the landing station
  • CEO Matthew Madden is thrilled to have secured this contract, which allows the company to become involved in supporting off-shore energy projects
  • DXN remains in the grey on the market today, selling shares for 1.4¢ each

Data centre builder DXN (DXN) has commenced a two-phase contract worth up to $2.3 million for a modular cable landing station.

The first phase is to design a modular cable landing station (MCS) for Speedcast’s Mozambique operations, worth approximately $50,000. The second phase is to build, ship and install the MCS.

However, in order to proceed to phase two, phase one must be completed as well as agreeing on terms with Speedcast’s customers.

DXN’s CEO, Matthew Madden, is thrilled to have secured this contract, which allows the company to become involved in building the critical infrastructure required to support off-shore energy projects in Mozambique.

This cable landing station is in the top ten of oil and gas projects being undertaken in Africa to transform the continents natural gas industry in the next five years.

“During the course of the formal international evaluation, DXN was consistently able to prove that we have best-in-class designs and solutions that matched the requirements for this client,” Matthew told the market.

“We were able to provide excellent references for previous projects in the Pacific region and are delighted that we will be supporting this very important endeavour,” he added.

DXN remains in the grey on the market today, selling shares for 1.4¢ each at 2:24 pm AEDT.

DXN by the numbers
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