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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 (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.


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