DXN Limited, is pleased to announce it has entered into contract with Speedcast, a leading critical communications provider to the energy industry, valued at approximately A$2.3 million.

Pursuant to the Agreement, DXN has been engaged to, firstly, design a modular cable station (MCS) for Speedcast’s Mozambique operations (Phase 1) (valued at approximately AU$50,000).

Phase 2 consists of the factory build, shipping and installation of the MCS by DXN (Phase 2) (valued at up to AU$2.25 million). 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.

In the event that Phase 1 and Phase 2 are completed, the total value of the Agreement to DXN is approximately AU$2.3 million.

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.”

The Agreement is subject to standard termination provisions for a contract of this nature.

For the Full ASX Announcement Click here.

“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.”

– Matthew Madden
DXN CEO

Why choose DXN Cable Landing Stations?

  • Prefabricated cable landing stations specifically designed for the submarine cable industry
  • Rapid Deployment – onsite within 3 months
  • Site Installation by experienced team
  • Australian designed and built in our quality assured factory environment
  • Robust solutions:
    – Surface Protection: C4 standard,
    C5 for high saline coastal areas
    – Seismic Rating – Zone 4
    – Cyclone Category 5 rating
  • Customizable DCIM with remote monitoring options available