Highlights

  • X2M has received authority certification for its AI-enabled bi-directional streetlight controller in South Korea.
  • The new controller can manage between four and eight independent streetlight channels.
  • The platform enables remote control, automated scheduling, fault detection and AI-driven operational analysis.
  • X2M estimates the South Korean streetlight market opportunity at approximately AUD 225 million annually.

X2M Connect Ltd (ASX:X2M) has expanded its smart city technology portfolio in South Korea after receiving authority certification for a new AI-enabled bi-directional streetlight controller. The launch adds another infrastructure management capability to the company’s growing smart city platform and broadens its offering across municipal customers in the country.

The company’s shares closed unchanged at AUD 0.005 on 15 June 2026. The latest announcement focused on the rollout of new smart infrastructure technology and the expansion of X2M’s platform capabilities within its existing South Korean customer network.

About X2M Connect

X2M Connect is an Australian smart city technology company that develops solutions designed to improve operational efficiency, reduce costs and enhance public safety for government and utility customers.

The company’s technology platform connects infrastructure assets including water, gas and electricity devices, enabling real-time monitoring, remote control and data-driven decision making.

X2M currently supports more than 85 customers across several international markets, including South Korea, Japan, Taiwan and the Middle East. To date, the company has connected more than 500,000 devices across its platform.

Revenue is generated through a combination of hardware sales, software-as-a-service subscriptions, platform fees and device connection charges.

New Streetlight Controller Expands Smart City Offering

The newly certified product forms part of X2M’s broader strategy to create an integrated platform capable of managing multiple municipal infrastructure assets through a single technology ecosystem.

The new bi-directional streetlight controller can manage between four and eight independent streetlight channels, allowing operators to remotely control lighting assets across municipalities.

According to the company, the controller enables separate timing schedules for each lighting channel, including on-off cycles and dimming functions.

These capabilities are intended to support energy efficiency initiatives while also creating additional data streams that can be used for artificial intelligence analysis and optimisation.

The company noted that the system has been designed to support both urban and agricultural applications.

AI Features Drive Operational Management

A key feature of the new platform is its ability to support artificial intelligence-driven operational management.

X2M stated that the controllers continuously collect operational data that can be analysed to improve system performance and optimise resource usage.

The platform allows operators to remotely modify lighting schedules through X2M’s central cloud-based system and override existing schedules when required.

This functionality can be used in response to changing weather conditions or other operational requirements that affect public infrastructure.

The company believes the ability to collect, process and act upon infrastructure data in real time strengthens the value of its broader smart city platform.

Automatic Fault Detection Integrated into System

Another important feature of the newly launched controller is its automated fault detection capability.

According to X2M, the controllers can identify LED lamp failures through current sensing technology.

Once a fault is detected, the information is transmitted back to operators immediately through the platform.

The bi-directional communication capability allows the system to support AI-driven fault analysis and service dispatch processes.

This means maintenance teams can receive information more quickly, potentially improving response times and reducing operational costs associated with infrastructure maintenance.

The company highlighted fault detection as one of the distinguishing characteristics of the new product range.

Single Platform Approach Expands Infrastructure Coverage

The streetlight controller has been designed to work alongside X2M’s existing smart city products.

The company already provides water monitoring and management solutions in South Korea and recently secured a manufacturing licence for what it describes as South Korea’s first AI-enabled integrated smart water meter.

By adding lighting infrastructure to its existing platform, X2M is seeking to increase the number of critical municipal assets managed through a single technology provider.

Management believes this integrated approach can simplify infrastructure oversight while strengthening customer relationships.

The strategy also creates opportunities to generate additional revenue from existing customers without requiring new customer acquisition.

South Korean Municipal Market Remains a Key Focus

South Korea continues to be an important market for X2M’s growth strategy.

According to the company, it currently services 58 local government authorities and municipalities across the country.

The existing customer base provides a foundation for introducing additional products and services through the company’s smart city ecosystem.

X2M estimates the total addressable market for streetlight infrastructure in South Korea at approximately AUD 225 million annually.

The company also previously highlighted a significant opportunity within water infrastructure, where its existing municipal customer footprint represents a total addressable market of approximately AUD 750 million in upfront revenue and AUD 30 million in annual recurring revenue if full adoption were achieved.

Management indicated that every additional smart city capability increases potential revenue opportunities within the existing customer base.

AI Infrastructure Strategy Continues to Expand

The latest launch forms part of X2M’s broader focus on what it describes as AI infrastructure.

According to the company, every connected device contributes structured operational data back into its platform.

This data can then be used to support automation, resource optimisation and AI-driven decision-making processes.

The company stated that its platform processes large volumes of signals generated by connected devices, helping build a real-time operational view of municipal infrastructure.

Management believes access to AI-ready data is becoming increasingly important as organisations adopt artificial intelligence technologies.

X2M referenced Gartner research indicating that many AI projects may struggle due to insufficient access to suitable data infrastructure.

The company sees its platform as helping address this challenge by creating connected ecosystems capable of generating and processing operational data at scale.

Streetlight Product Range Covers Multiple Applications

Beyond the new controller, X2M also outlined the broader scope of its lighting product portfolio.

The range includes controllers for individual streetlights as well as larger distribution board-based systems capable of managing multiple lighting channels.

The company also offers LED streetlight lamps with power outputs ranging between 50W and 150W.

This combination allows X2M to provide an end-to-end lighting solution covering hardware, connectivity, monitoring and software management.

The addition of AI functionality is intended to further differentiate the platform within municipal infrastructure markets.

Recent Developments Build Momentum for FY27

The streetlight controller announcement follows several recent initiatives disclosed by X2M.

In recent months, the company has announced developments involving smart communities, integrated water meter technology, regional data centre partnerships and broader smart infrastructure projects.

Management believes these initiatives provide momentum heading into FY27.

Chief Executive Officer Mohan Jesudason described the new controller as another step in the evolution of X2M’s smart city platform.

He stated that connecting multiple essential services through a single platform provides operators with a unified view of city infrastructure while supporting real-time control, automated fault detection and AI-ready data collection.

The company indicated that it intends to continue expanding platform capabilities as it develops additional smart city applications.

What This Means for Investors

X2M’s latest announcement highlights continued expansion of its smart city technology ecosystem in South Korea through the addition of AI-enabled streetlight infrastructure.

The new controller increases the number of municipal assets that can be managed through X2M’s platform while also expanding the company’s addressable market within its existing customer base of 58 municipalities.

With an estimated AUD 225 million annual streetlight market opportunity, alongside existing water infrastructure initiatives, the company continues to broaden the scope of services available through its smart city platform. Investors are likely to monitor future updates regarding product deployment, customer adoption and additional smart infrastructure developments as X2M moves into FY27.