Total
0
Shares
DXN (ASX:DXN) - CEO, Matthew Madden
CEO, Matthew Madden
Source: Business News
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 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
  • On the market this morning, DXN is 6.67 per cent and is trading at 1.6 cents per share

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.

On the market this morning, DXN is 6.67 per cent and is trading at 1.6 cents per share at 11:41 am AEDT.

DXN by the numbers
More From The Market Herald
SportsHero (ASX:SHO) - CEO, Tom Lapping (left)

" SportsHero (ASX:SHO) raises $2.8m to boost commercialisation

SportsHero (SHO) has received binding commitments to raise $2.8 million through a “heavily oversubscribed” placement to institutional investors.
EROAD (ASX:ERD) - CEO, Steven Newman

" EROAD (ASX:ERD) sees strong growth in H1 FY22

Transportation technology company EROAD (ERD) has released its financial results for the first half of the 2022 financial year.
Prophecy International (ASX:PRO) - CEO, Brad Thomas

" Prophecy International (ASX:PRO) delivers ARR growth

Prophecy International (PRO) said it has reported continued growth in subscription-based annualised recurring revenue (ARR).
OpenLearning (ASX:OLL) - Managing Director & CEO, Adam Brino

" OpenLearning (ASX:OLL) secures $2.9m investment to boost growth

Software-as-a-service company OpenLearning (OLL) is poised to receive a $2.9 million cash injection from investment group Alchemy Tribridge.