DXN Projects 45% Revenue Growth with $1.6M StructCore Contract Win

DXN's Strategic Market Expansion

DXN Limited, a specialist in prefabricated modular data centres, has announced a significant contract win valued at AUD$1.6 million. The agreement with Ventia Services Group marks DXN's entry into the indoor prefabricated data centre market segment, specifically targeting telecommunications infrastructure. This contract involves delivering the company's innovative StructCore Solution to a major Australian telecommunications operator at a key exchange in Perth, Western Australia.

Innovative StructCore Solution

The StructCore Solution represents a departure from traditional data centre construction. It is a precision-engineered, prefabricated indoor framework designed to optimize existing indoor spaces, or brownfield sites, for high-density data centre deployments. Manufactured under controlled factory conditions, the modular components can be efficiently assembled and disassembled on-site, allowing existing services to remain operational during upgrades. The design also incorporates a "grow as you go" principle, enabling scalable expansion tailored to customer needs, which sets it apart from competitors.

Partnership with Ventia and Market Implications

Ventia, a leading infrastructure services provider in Australia and New Zealand, will oversee the deployment supporting a major Australian Telco. This partnership underscores DXN's growing reputation for delivering complex modular solutions and opens doors to further opportunities in telecommunications infrastructure. The project is slated to commence construction in June 2025, with completion and testing expected by the end of the year.

Financial Outlook and Growth Prospects

DXN's Managing Director, Shalini Lagrutta, highlighted that this contract validates the company's strategic focus outlined in their October 2024 capital raise, aimed at accelerating innovation and capturing new market segments. Supported by this and other recent wins, DXN projects FY25 revenue between $15.7 million and $16.0 million, representing at least a 45% increase over FY24. This growth trajectory reflects both the resilience of DXN's business model and the expanding demand for modular data centre solutions.

Looking Ahead

As DXN prepares to deliver its first StructCore deployment, the company is positioning itself to capitalize on emerging opportunities within the telecommunications sector and beyond. The success of this project will be a critical proof point for the scalability and adaptability of their prefabricated indoor data centre solutions.