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...... has tweeted:-

" We are pleased to announce that @CyanConnode India has received an order from @MCL_India, for deploying communications infrastructure for 9.83 lakh #smartmeters in Jabalpur, #MadhyaPradesh."

http://twitter.com/CyanConnode_Ind/status/1610594881558425601

LTI.

No problem tonyj,

A piece of information from the RNS this morning tells us that the tender " ...... was won against a very competitive field ..... " So the figures quoted by me are only a " guestimate " as I mentioned. We will have to wait and see what and how much information is revealed in future RNS's, on these and future contracts.

Keep the competion guessing, is the order of the day, every day. In my opinion.

But I/we hope that the price per unit holds up well. As it seems to have done so far, from what we have been informed.

LTI.

Good afternoon tonyj and all,

I am sure that the " ..... large SP bounces ........ " will come. Eventually. And stick around for a lot longer than today's has. So far.

Still, positive news, is positive news.

Although, at this stage, the value of the contract is not revealed, we can/I can roughly guestimate the project price for approximately 1m units, ( 983,525 Omnimesh Modules actual ) over a 10 year o/a contract period, from what we know, as approximately circa $20 million ( approximately £16.5 million.) Roughly.

The terms of the contract, from todays RNS:-

" The order relates to a smart metering deployment in Jabalpur, Madhya Pradesh. It was won against a very competitive field and supply of Omnimesh Modules is expected to commence during Q1 of 2023. The installation of smart meters will be completed within 30 months and will be followed by a seven-and-a-half-year Support and Maintenance Contract, which will commence upon completion of the installation phase. Approximately 60% of the contract will be paid during the installation phase, against either (i) letters of credit or (ii) via a trade finance portal with 30-day payment terms. The remaining 40% of the contract will be paid for in equal monthly instalments over the Support and Maintenance Contract period. Certain components required for this contract have been bought in advance to ensure that contract delivery dates are met."

I agree tonyj, well done to all concerned.

LTI.

Also from the RNS

" As previously announced, CyanConnode recently won two other substantial orders, one of which is in Bihar for circa one million units. This latest order means that CyanConnode is now active in ten Indian States and has an order book of more than 3.6m Omnimesh Modules in India alone. Consequently, CyanConnode has strengthened its position in India as the largest provider of RF Smart Mesh Networks for Advanced Metering Infrastructure ( AMI.) CyanConnode also believes that the recently announced Revamped Distribution Sector Scheme ( RDSS ) will result in more contracts being awarded to the Company in the near future."

Progress is definitely being made, in India especially.

LTI.

...... first came to our attention when it appeared on the REC Empanelment list and was also mentioned on the Customers and Partners page, in the CyanConnode AGM September 2022 presentation.

Also posted on November 1st, 2022, some information on Montecarlo Limited:

http://mclindia.com/#
http://mclindia.com/home/Chairman

An excellent Partnership, I feel, that compliments CyanConnodes other Partnerships, forged over many years.

LTI.

..... also from todays RNS, Mr. Mrunal Patel, Joint MD of Montecarlo, commented:-

" We are pleased to be partnering with CyanConnode. Montecarlo comes with a strong and successful project implementation background and while this is our first foray into the smart metering business, we are confident that we will make this a successful case study for other projects. CyanConnode is a service provider and has a proven track record in implementing communications infrastructure for smart metering in India and I believe that our strengths will lead to further such opportunities and partnerships."

LTI.

....... concerning the a new order from Montecarlo Ltd, in connection with the supply of 983,525 Omnimesh Modules to Madhya Pradesh, again re-inforces CyanConnodes position in India, in particular.

http://polaris.brighterir.com/public/cyan/news/rns/story/x8ezy5x

John Cronin commented:-

" I am delighted to announce our first order from Montecarlo, who are a div esified infrastructure development company based in India. This contract is our third project in Madhya Pradesh, following two Omnimesh deployments for Madyhya Pradesh Pachim Kshetra Vidyut Vitran Company Ltd, ( MPWZ ) in Indore."

Excellent news and progress for CyanConnode.

LTI.

Good afternoon all,

There are some date changes for some of the tenders that IntelliSmart published during October 2022 and lso some additions:-

http://intellismartinfra.in/uploads/2022/Dec/15/1671107745_IntelliSmart%20K-Xchange%20November%202022.pdf

- Andhra Pradesh - Andhra Pradesh Eastern Power Distribution Company Limited - 8 Lakh ( 800,000 smart meters ) -TOTEX - 30/12/2022 - New tender.
- Andhra Pradesh - Andhra Pradesh Southern Power Distribution Company Limited - 10 Lakh ( 1,000,000 smart meters ) - TOTEX - 29/12/2022 - New tender.
- Andhra Pradesh - Andhra Pradesh Central Power Distribution Company Limited - 10 Lakh ( 1,000,000 smart meters ) - TOTEX - 30/12/2022 - New tender.
- Assam - Assam Power Distribution Limited - 15 Lakh ( 1,500,000 smart meters ) - TOTEX - 28/12/2022 - The same.
- Bihar - SBPDCL & NBPDCL ( South & North Bihar Power Distribution Company Limited - 113 Lakh ( 11,300,000 smart meters ) - TOTEX - 22/12/2022 - New tender.
- Chhattisgarh - Chattisgarh State Power Distribution Company Limited - 71 Lakh ( 7,100,000 smart meters ) - TOTEX - 22/12/2022 - Date changed from 22/11/2022.
- Gujarat - Dakshin Gujarat Vij Company Ltd.( DGVCL ) - 18 Lakh ( 1,800,000 smart meters ) - TOTEX - 15/12/2022 - Date changed from 23/11/2022.
- -Gujarat - Paschim Gujarat Vij Company Ltd ( PGVCL ) - 24 Lakh ( 2,400,000 smart meters ) - TOTEX - 20/12/2022 - Date changed from 23/11/2022.
- Meghalaya - 3 Lakh ( 300,000 smart meters ) - TOTEX - 28/11/2022 - New tender.
- Tripura - Tripura State Electricity Corporation Limited - 5 Lakh ( 500,000 smart meters ) - previous tender had 400,000 smart meters, so either 100,000 added to the orinal or it is a brand new tender - TOTEX - 30/12/2022.

27,700,000 Smart Meters in the process of being tendered.

Encouraging.

LTI.

A Happy New Year one and all.

While a mixture of Trades have gone through today, the outcome seems to be heading for a " positive " end to the first days Trading of 2023, to hopefully start the New Year off well.

As we are aware, there will be various " Ups and Downs " still to come, along the way. More " Ups " than " Downs " hopefully, as the contract news is released and the share price advances.

Good Luck.

LTI.

Sorry, the second link did not travel very well. Press on the link within the first EPR Magazine report - bit.ly/3gXFjpW - and it should work okay.

LTI.

.............. first published on 28th November, 2022, containing some general information on the India Smart Meter Programme and also some information on CyanConnode's contribution. And looks like the information was tweeted on December 20th, 2022, by EPR and CyanConnode India.

http://twitter.com/EPRmagazine/status/1605020188952461313
http://twitter.com/guest-column/how-smart-meters-are-silently-driving-indias-sustainability-goal/

From the EPR report:-

" CyanConnode's highly innovative and futuristic smart metering solution, " Omnimesh " narrowband RF mesh technology and empowers the utilities on multiple fronts to achieve aspects that were previously considered unfeasible and impracticle. With the Omnimesh RF solution, utilities are now able to significantly enhance customer experience and billing while having a direct impact on reducing carbon emissions. It is clear that, without smart meters, reducing our carbon emissions and meeting India's climate change targets, will be expensive and less supportive of renewable generation."

LTI.

............. and steady trading so far today, post Christmas, and pre New Year. But " Blue," non-the-less.

LTI.

....... and a Happy and Prosperous New Year, to one and all. Especially to Pedro and to 2cv. I trust you are both keeping well.

Good Luck,

LTI.

.... Ongoing Smart Meter Tenders:-

1) Tripura State Electricity Corporation Ltd - Submission date - 13th January, 2023.
2) West Bengal State Electricity Distribution Co. Ltd. - Submission date - 6th January, 2023.
3) Andhra Pradesh Central Power Distribution Corporation Limited - Submission date - 30th December, 2022.
4) Eastern Power Distribution Company of Andhra Pradesh Limited - Submission date - 30th December, 2022.
5) Southern Power Distribution Company of A.P. Limited - Submission date - 29th December, 2022.
6) Assam Power Distribution Company Ltd. - Submission date - 28th December, 2022.
7) Meghalaya Energy Corporation Limited - Submission date - 23rd December, 2022.
8) North Bihar Power Distribution Company Limited - Submission date - 22nd December, 2022.
South Bihar Power Distribution Company Limited - Submission date - 22nd December, 2022.
9) Jodhpur VVNL - Submission date - 21st December, 2022.
10) MSEDCL - Submission date - TBD.

Pencils will have been sharpened, as the saying goes.

LTI.

....... November 2022 issue has been published:-

http://indiasmartgrid.org/upload/202212Mon132217.pdf

LTI.

Good morning all.

As you were. No visible news annnouncement, as yet. Despite the flurry of " Trades " by Mr. and Mrs. " Unknown."

LTI.

....... share price movement during tha late morning/early afternoon, on no visible news announcement, at the moment. Lets see how the rest of the days/weeks trading goes, or if the Market is getting over excited over " potential " news.

Could provide an interesting run-up to the Festive Break.

LTI.

Sorry, should read " ..... Kemi Badenoch .... "

LTI.

I wish they would, tonyj. India will be catching the UK up, before long and then how would that look. But they have a solution, it just needs the will to impliment it.

Maybe that is what the meeting with the Secretary of State for International Trade, Kimi Badenoch was about.

An interesting development, indeed.

LTI.

....... also confirms that CyanConnode reaches the high level of recommended SLA's ( Service Level Agreements ) which we had already been informed about. What I was not aware of was the " Collection Efficiency " that is also required.

From the Interim Report:-

" The " Collection Efficiency " of not less than 98%, as set out in the RDSS and which CyanConnode achieves, favours the Group's technology for network communication and management. The RDSS has an outlay of Rs 3,03,758 Crore ( circa £30 billion over 5 years. RDSS mandates compulsary installation of smart meters across the country."

Competion will always be there. But the price-point has held up, over the years and CyanConnode has a wealth of experience with already installed projects in India, as well as global installations.

Whichwe understand, seem to be expanding.

LTI.