X2M scores $3m smart safety device deal in Seoul

X2M Connect has secured a $3 million public safety contract with the City of Seoul in South Korea for its smart personal safety devices.

X2M Connect’s smart personal safety devices are designed to integrate directly into Seoul’s existing smart city infrastructure. Pic: Getty Images.

• X2M scores $3m smart safety device deal for City of Seoul

• Potential to scale to 1 million devices creating long-term commercial opportunity

• Project is scheduled for completion by December 2025

 

Special Report: X2M Connect has secured a $3 million public safety contract with the City of Seoul in South Korea for its smart personal safety devices.

The devices are designed to integrate directly into Seoul’s existing smart city infrastructure, including the Ansimi app, CCTV networks and emergency response platforms.

They alert police and emergency contacts when activated, sharing the user’s real-time location and initiating rapid intervention via connected control centres.

This contact is part of a national push to improve urban safety standards and the city’s portable safety alarm project, focused on protecting women and vulnerable citizens.

Under the contract, X2M Connect (ASX:X2M) will provide 100,000 devices which are compact, rechargeable IoT-connected keychains called ‘Help Me’.

While the first wave of devices will be distributed for free, the project has the potential to scale to 1 million units, opening a significant pipeline of future growth with municipal and national governments, with the company expecting to bring similar solutions into the Australian market in future.

Smart cities mean smart safety

The company said extending public safety integration beyond the utility space was a natural progression in customers such as local governments where there was a significant breadth of responsibility beyond just resource supply.

Plus, the devices will integrate into Seoul’s existing smart city infrastructure such as emergency platforms, enabling a real-time response.

“This project demonstrates how innovation can make cities not only more connected, but safer – particularly for women and vulnerable communities,” X2M CEO Mohan Jesudason said.

“This project demonstrates how we are successfully leveraging our existing successes in South Korea to drive growth within the same network.

“The size of this contract and its potential future growth demonstrate the value of the very large addressable market within our existing customer base.”

Jesudason said it was more than a contract, calling the deal a “stepping stone into a scalable, government-backed safety ecosystem that can expand across cities, regions, and customer segments”.

“We see strong growth potential within this program and similar opportunities globally as urban environments prioritise public safety in their digital transformation agendas.

“This mandate together with other recent contract wins, position X2M for a solid start to the 2026 financial year.”

The City of Seoul project is scheduled for completion by December 2025

This article was developed in collaboration with X2M Connect, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

Originally published as X2M scores $3m smart safety device deal in Seoul