DXN Limited executes a two-phased contract for a modular cable landing station

DXN Limited, is pleased to announce it has entered into contract with Speedcast, a leading critical communications provider to the energy industry.

Pursuant to the Agreement, DXN has been engaged to, firstly, design a modular cable station (MCS) for Speedcast’s Mozambique operations (Phase 1).

Phase 2 consists of the factory build, shipping and installation of the MCS by DXN (Phase 2). DXN and Speedcast will proceed to Phase 2 subject to completion of Phase 1, mutual agreement between the Company and Speedcast in relation to a roll-out agreement for Phase 2 and Speedcast agreeing to terms with its customer for the supply and installation of the MCS.

Matthew Madden, CEO, DXN Limited said “We are thrilled to have secured this contract, which allows us to become involved in building the critical infrastructure required to support off-shore energy projects in  Mozambique. This cable landing station is part of one of the top 10 Oil and Gas projects in 2020, the undertaking itself being one of a series of major projects set to transform Africa’s natural gas industry over the next five years.”

Madden said, “During the course of the formal international evaluation, DXN was consistently able to prove that we have best-in-class designs and solutions that matched the requirements for this client. We were able to provide excellent references for previous projects in the Pacific region and are delighted that we will be supporting this very important endeavour.”