22 November 2023
DXN Limited (DXN) is an Australian small cap listed data centre company that is accelerating the shift to edge computing. Any information you access on the Internet goes through a data centre somewhere in the world. In the past decade or so, most data has been stored on cloud-based servers in dispersed locations.
DXN Limited (DXN) is an Australian small cap listed data centre company that is accelerating the shift to edge computing.
Any information you access on the Internet goes through a data centre somewhere in the world. In the past decade or so, most data has been stored on cloud-based servers in dispersed locations.
However, cloud computing, mobile broadband, and IoT devices are putting those data centres under pressure. This is causing internet speeds to slow down, also known as high latency.
For things like self-driving cars and drones to be feasible, low latency is key to safe and reliable operation. The less time it takes to communicate the more sensitive these technologies can become.
As more people work and learn from home now this has put even more pressure on Internet speeds. This has accelerated demand for a shift from cloud to edge computing. Edge computing means data is stored closer to the user, thus speeding up the Internet.
“COVID-19 restrictions have pulled forward that demand for low latency by about three years and that means we’re fast-tracking our way to that,” says DXN Limited’s CEO Matthew Madden.
Now telecoms and other infrastructure providers are seriously investing in edge computing. As an Australian manufacturer of modular, pre-fabricated data centres, DXN Limited is in a good position to lead the way. The company already has government and telco contracts with more tenders in the pipeline.
According to CEO Matthew Madden, as providers increasingly invest in edge computing they’ll most likely purchase pre-fabricated, modular data centres.
“The acceleration in demand due to COVID-19 means there will be much more of a trend for pre-fabricated solutions than […] bricks and mortar solutions,” says Matthew.
One opportunity for DXN Limited is in the subsea cable landing platforms, a $315 million market of which they could capture 40%. They have already provided these units to the island nation of Niue.
Up 218% this quarter, DXN Limited is well positioned to lead us into a new age of computing and data storage.
Watch the video to hear more about DXN Limited from CEO Matthew Madden:
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Recorded on 3 June 2020 at 12pm.
Reach Markets have been engaged by DXN to assist with private investor management.