The Data Exchange Network Ltd (ASX: DXN), a data centre builder and operator, has product line spread across Australia for fast delivery for deployments. With the increasing data centre size and complexity, the company is perfectly specialized and placed to understand and meet the demands of its clients through right configurations and equipment specific needs in the data centre environment using a cost-effective approach.
It has been recognised as the first global company that delivers blended Tier 3 and Tier 4 modular capacity; and also is the first modular data centre developer to receive both Tier 3 and Tier 4 design review awards to allow modular capacity to be deployed with the required levels of resiliency.
The latest Tier Ready 4 award to its kitty by the Uptime Institute is another achievement that will help DXN to have pre-fabricated modular facilities to be provided to customers across the globe with modules that are pre-approved by the Institute. These thus are subject to the required standards and have been conforming to the design elements of the Tier standards.
The company’s shares last traded at $0.185 on the ASX (as on 6 December 2018, AEST: 4:00 PM) and have been underperforming over the last six months duration, however, since the last one month the stock has performed well with a growth of 21.88 percent.
As per the CEO of the company, Peter Christie, the award highlights the closure of the engineering phase for two new data centres in Melbourne and Sydney, as bestowed by uptime institute and this marks a significant milestone. The company is now capable of delivering blended Tier 2 and Tier 4 capacity at both the data centres to meet the unique requirements of the customers and set the price points. The company can also deliver Tier-Ready solutions in 1 MW blocks which will have the advantage of becoming fully Tier certified by the uptime institute as deployed.
The Chief Technology Officer of the Uptime Institute, Christopher Brown, has been candid in stating that the company has recognized the requirement of having modular data centre solutions. These are required to support the levels of Tier standard specified resiliency and the modular data centre provider offers a range of individual solutions which are bundled together but have individual functionalities when it comes to Tier standards.
It is noteworthy that the stock has been down by 5% (intraday) despite the release of the above update. It will be crucial to see how this data centre group can evolve based on its capital efficient and cost effective approaches while it has been successful in achieving the required tier certifications.