DC TWO ANNOUNCES OPENING OF NEW DATA CENTRE

PRESS RELEASE: DC Two Limited (“DC Two” or the “Company”), a vertically integrated revenue generating data centre, cloud and software business, is pleased to announce that its Bibra Lake data centre is now fully operational in Stage 1 configuration. This allows customers to gain access to the data centre and cloud services immediately.

Testing also illustrated that the data centre maintained ideal environmental conditions suitable for continuous and reliable operations, while the final Tier III deployment (Stage 2) can be completed independently alongside the Stage 1 components, providing complete autonomy from each other.

DC Two Managing Director Justin Thomas said: “This is a fantastic milestone for the Company. We have essentially taken a dormant building and transformed it into a fully operational data centre within a 6-month period, which is an impressive achievement within the industry, especially during this challenging COVID period. Focus and resources will now be put towards onboarding customers and the completion and accreditation of the Tier III facility (Stage 2)”

Focus directed towards achieving initial revenue

Demand for DC Two cloud and data centre services remains strong and the decision to bring Bibra Lake online early was a direct result of this interest. The data centre in Stage 1 configuration will host DC Two cloud services, dedicated DC Two servers and the ability to offer co-location to customers.

DC Two’s sales team will immediately begin onboarding potential customers and Reseller Partners will also have the opportunity to host clients within the facility shortly. The Company expects initial revenue to be achieved in the very near term, in the ordinary course of business.

Bibra Lake to transform the business

The Bibra Lake data centre will become the cornerstone of DC Two’s offering and underpin its nationwide expansion of data centre and cloud services. Upon completion of its Tier III accreditation, it is expected that DC Two will become the only data centre provider in Western Australia with its own Tier III accredited data centre and multi-tenant cloud platforms.

Re-applying for Tier 3 accreditation, will help secure government contracts, mid-market and enterprise customers requiring Tier 3 compliance, security and access accreditations.

Bibra Lake will eventually have an estimated 240 – 400 racks available for customers, with the industry average revenue generated per rack being $1,600 per month for co-location and increasing to $50,000+ for full cloud racks. The data centre could also deliver a number of additional important value enhancing attributes for the Company.

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