DXN (ASX:DXN) secures A$1.1 million CLS supply contract with BSCC

Highlights

  • DXN Limited (ASX:DXN) signs a CLS contract worth AU$1.1 million on BSCC.
  • BSCC will be building Palau’s second submarine connection, a spur onto the Echo Cable System.

The ASX-listed pre-fabricated modular data centre specialist, DXN Limited (ASX:DXN), announced that it has entered into a contract to supply a pre-fabricated CLS for US$779,000 or AU$1.1 million with BSCC.

As per the announcement, DXN was selected as the successful tender after a competitive bid process involving participation from the Asia Pacific and the United States suppliers. The Company was selected based on its referenceable experience and quality delivery of CLS in the Pacific Region.

About the BSCC contract:

DXN has shared that BSCC would build Palau’s second submarine connection, a spur onto the Echo Cable System. As a result, the Echo cable system will have a new branch to Palau. It is named Palau Cable 2 (PC2).

DXN has mentioned that the Echo consortium comprises several members with the primary owners' Google and Facebook. Echo will be the first-ever cable to directly connect the U.S. to Singapore with direct fibre pairs over an express route.

The new system marks the first project under the Trilateral Partnership for Infrastructure Investment in the Indo-Pacific between the United States, Australia and Japan.

About BSCC:

Belau Submarine Cable Corporation (BSCC) was established on 21st September 2015 to procure, operate, and manage a submarine fibre optic cable on behalf of the Government of Palau.

About DXN:

DXN Limited is a Sydney-based company known for designing, building, owning and operating data centres. It offers integrated, customised and tailored solutions to clients. Additionally, DXN also provides businesses with the option of delivering solutions to the site through containerised modules or space in DXN’s modular colocation facilities to suit technical specifications and operational requirements.

Meanwhile, on the ASX, the DXN stock closed at AU$0.009 per share today.

Bottom line:

DXN is already maintaining a consistent reputation as the go-to trusted partner to build high-quality critical infrastructure for the subsea industry. This deal would drive DXN further towards the growth of the Company.

Comment


Disclaimer

Ad

GET A FREE STOCK REPORT


Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.


   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK