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Early next month will be the ELEVEN MONTH mark since the last contract win. Just think on that a while. The new team in India must be struggling to fill their days, and the excuse list must be a weekly cringe! Time, and money, is running out......again.
Colour you must take stock of yourself. Stop singing 'little ole wine drinker me'
Current situation is MOU with Intellismart, Hardman says possible 3m units with existing contract with more to some.
Thailand running pilot for all of country with CC and Itron undertaking them until Q4/21.
India contracts underway in difficult times, which if sticky could slowly add up to 15m units + with JVVNL, INDORE etc
I think you will agree that as long as we see progress this year then time is irrelevant.
DYOR
The fact that some see 30k units as 'orders' tells it's own story. JC back in the day spouted 50k...250k.... 5 million... all these 'sticky' contracts. JC knows the market about as well as my Dog. Just post an honest RNS and lets all move on, this joke of a company needs real leadership or closure. Sorry dweeb.
Hi tonyj
12 days since that 'order' was announced and the SP has plunged 15% in that short time. Why do you think that is?
ITT
No Colour that is not the answer. Once again with your know it all attitude of looking back but know nothing.
Question was why did CC receive another order for 30k+ units when installers (not CC) had not completed first batch.
You have no answer, or else you would relished saying it.
My observation is that everything has slowed down everywhere for Cov but MEA are allowed to order that much to comply with pilot. Just my view.
Q4/21 sees end of pilot and we should see a good order.
You are on a different wavelength.
DYOR.
That was my answer - READ READ READ!
Colour just answer the question, why was a further order placed for 30+ units. So that's 60k+ units, you can't answer that I suspect. So what do you do, you don't answer it. Always on at others for answers. Pathetic.
Don't forget CC had full monty on MEA so had to deal with Head end first.
Buy some shares quick before they leave you behind again.
DYOR
You mean after it took CC 18 months to install just 17,000 units? I think it has been covered, the drip drip of tiny orders that keep peeps like you happy. Q4 21 has all the excuses lined up, wait and see. Also, wait for the revenue bombshell.
Colour, Mon 15:03, did you solve the conundrum. Why did CC get a second order for 30k units not having completed the first one. Would you say MEA were pleased with CC. Must not lead you what is your answer.
All others DYOR
Well Colour/ITT, we all make surmises. I try to be mainly futuristic on what I have read. You seem to surmise on what is not said. As said CC's contract is with JST/Forth and is following a pilot which apparently applies to the whole of Thailand not just MEA. Think, if we had NOT got that contract, due to quality of CC RF and may be Forth's ability to supply approved meters what would Colour have come back with, something like 'can't even win contracts on their own doorstep'.
MEA appear satisfied with CC and I think we will get all of the 4m units or what they make Smart.
Q4/21 will be very interesting and profitable I suspect. Current SP is an attractive buy.
DYOR
Tiny orders for modules, delivery taking 18 months on pilot quantities, and absolutely no guarantee this won't end like many have. They cannot land volume contracts, and I suspect, since the placing was needed, income has reduced to a trickle. Nothing has changed here, JC will inform when it suits, as usual.
MEA hasn't given Cyan a contract.
Cyan's contract is with JST (i.e. one of its major shareholders). It must be nice being able to drip feed the market with new contract news as and when it's required, to try and stop the SP from dropping.
Quite right LTI, Colour is rolling the 2 figures together. We have MEA (4m customers) and Itron have PEA (20m customers).
Both appear to be pilots. MEA is ours. We had a contract and then an extension and also a license for over 200k units.
So Colour MEA gives CC a contract of which not all have been installed, despite this it issues us another contract of similar size. Now we have a conundrum (yes right word) for which only you can now provide the solution.
DYOR
Somehow, the Thais are managing to move slower than India. That is some achievement, and so CC.
Good afternoon all,
CB, the " pilot " reference in the " Thailand - lessons from a 116,000 ..... " which I posted at 14:36 on Friday, is a reference included within the report about the PEA project in Pattaya City, Thailand. CyanConnode is not mentioned in this particular report.
From the report:-
" The 116,000 smart meter rollout in Pattaya City on Thailand's eastern Gulf coast, is piloting the technology ahead of the wider national rollout.
" The City of Pattaya smart meter rollout, coming to its closing stages following delays due to the COVID-19 virus response, is one of the key components of the first stage of Thailand's smart grid roadmap."
Also included in the report:-
"PEA, a Thai state enterprise and one of the largest utilities in southeast Asia, supplies electricity to 20.5 million households across the country, except in Bangkok and other provinces.
" The technology being deployed is Itrons OpenWay Riva system, including the Itron Enterprise Edition meter data management solution."
Mr. Pongsakorn Yuthagovit, the PEA Assistant Governor and AMI project manager, goes on to say:-
" We are confident as the technology has been proven in the field many times," says Yuthagovit, who cites key considerations for the architecture as interoperability and system performance scalability."
So an already proven product, that still has to be proven in a new market.
What you might call the common sense approach, when a system/solution could be costing billions of dollars, over a 20 year period.
LTI.
The Hardman report let slip the pathetic install numbers didn't it? JC was saving that for when he really had to let it out. I'm guessing he wasn't happy it got out early. While still at pilot, contracts can get cancelled, god knows CC understand that at least. It's not just slow, it's CC slow.
Hello ITT/Colour.. Still no hopers . I think LTI's Thailand update explained situation. My view is you will not get beyond 'pilot' stage until Thailand says so, which appears to be Q4/21, that is both CC and Itron. You cannot change facts.
The CC follow on order surely would not have been placed had the first lot not been successful.
It would be very interesting to see how Itron progressed or not, with timing, follow on orders, installations, feedback, how near 100% efficiency they are in all locations. etc.etc. That would cover any possibilities for CC.
Hardman laid out the INDIA situation with possible 3m units on existing contracts, CC may have to negotiate or even modify to meet Intellismart requirements who appear to have existing problems, hoping notspots.
We have done all this before then out comes a contract, hopefully things will speed up from now on.
DYOR.
There are huge contracts around the world on National levels. EDF and L&G have made massive inroads in France with millions of installs. Both are active in India, the comms tech they use appears in house, and scale is no issue. They are ready for volume if India ever get off the fence. CC still at pilot stage, you couldn't make it up.
This 'start up' has been going nearly 20 years now. Has it been developing the wrong product for wrong market?
The next India contract needs to be a whopper or it's curtains.
The largest single one I know of is 700,000 install in Nordics.
Has anyone, anywhere actually won a substantial contract?
No problem tonyj.
The three Thailand reports that I posted were, what I see as a general progression of the smart grid/smart meter progress over recent years, for both the PEA and the MEA. Not forgetting that there are different RF bandwidth requirements in Thailand, than those used in India. So still developing, in my opinion.
For all the companies involved.
And also the Electricity Generating Authority of Thailand ( Egat ) which has " ..... announced plans to increase its power generation portfolio to secure its grid network against growing power demands."
I have been a follower on the smart grid/smart meter program in Thailand, for a number of years and was encouraged by the involvement of JST, with CyanConnode, initially. But glad you found the reports of interest, overall.
LTI.
LTI, thanks for the Thailand update. I was not aware that the contract was a pilot, this answers a lot of questions like why were contracts in the 30,000 units region. That may be the size limit under Thailand rules for pilots. However the licensing agreement of 250,000 shows MEA's intended direction.
Reading Hardman's 16/7/21 at Incremental opportunities, does it infer there are questions marks regarding the other pilot of Itron for PEA. Seem to remember them buying Silver Spring so does their RF have a few problems re notspots etc or is that wishful thinking.
DYOR
..... smart meter rollout. ( May 2021 )
http://smart-energy.com/industry-sectors/smart-meters/thailand-lessons-from-a-116000-smart-meter-rollout/
The PEA have opted for the Itron OpenWay Riva system, in Pattaya City. The report also mentions " The 20 year roadmap initiative ...... " with the " ...... first stage for demonstrations and pilots running to the end of 2021."
LTI.