Member Info for Longterminvstor

....... have released installation figures for June 2021. The two smart grid projects covered are Chandigarh, for CED and Rajastan for JVVNL. Chandigarh has installed 872 smart meters, during June 2021 and JVVNL/Rajasthan has installed 3,203, during the same period.

http://nsgm.gov.in/sites/default/files/SG-Projects-Status-June-2021.pdf

I have also provided the March/April/May installation figures, which gives a broader, overall view of the steady progress being made, with these two projects.

http://nsgm.gov.in/sites/default/files/SG-Projects-Status-May-2021_0.pdf - Chandigarh 890 smart meters installed and Rajasthan 2,887 smart meters installed.

http://nsgm.gov.in/sites/default/files/SG-Projects-Status-April-2021.pdf - Chandigarh 1747 smart meters installed and Rajasthan 4284 smart meters installed.

http://nsgm.gov.in/sites.default/files/SG-Projects-Status-March-2021.pdf - Provisional starting point.

The graph has not been updated as yet, to include the June 2021 installations, so I have provided the last graph available that includes the installations up to May, 2021.

http://nsgm.gov.in/sm-nsgm-projects

LTI.

Good afternoon tonyj.

From the RNS, dated 5th July, 2021:-

" Following a review of executive director rewards and incentives, the Remuneration Committee of the Company determined that certain existing share options were no longer fit for purpose as an incentive and should be replaced in order to make incentive arrangements both effective and simpler. It also means outstanding contractual commitments with respect to such incentives for the executives are honoured."

As I understand it, the new share scheme will mean that John Cronin purchases his 6,819,498 shares for £988,827 and Heather purchases her 2,749,797, for £398,720. A considerable wedge of money, for both of them.

So John pays £988,827 for his shares and if/when the shares go over 14.5p, John can only sell a maximum of 2,250,434 approx ( 33% ) during the first 12 months, if he wants to. Another 33% after 12 months and another 33% ( 34% ) after 24 months.

As there have been various predictions on what the share price will achieve over the next couple of years, we will have to wait and see if this new scheme is generous or not. Personally, I hope it is. Then we will all make money.

I am prepared to wait and see how the share price performs over the coming months.

LTI.

Yes indeed dwall,

It certainly has been a long ride. It has been a case of pacing yourself for the long run-in and like yourself, accumulating when the time has been right.

I feel, personally, that CyanConnode may still have some-way to go before any " forthcoming bid." Getting some more contracts up-and-running, with a guaranteed/regular revenue stream with contributions from the service and maintenance contracts, will ensure to investors/potential investors/possible suitors, that the business model works. But who knows.

But I know what you mean.

LTI.

Good morning dwall and all.

It is good to know that you still have an active interest in CyanConnode, dwall. There are some positive vibes surrounding the Company at the moment, I feel. So looking forward to any contractual announcements that should come from CyanConnode, when they are advised.

Take care dwall and good luck.

LTI.

Good morning DG12.

Thank you for the heads-up on the report in the July edition of the Techinvest newsletter, containing an update on CyanConnnode. It is much appreciated.

LTI.

....... as you say CB, issued CyanConnode with an order for 33,000 units, in December 2019. The follow-on order, which was placed by Forth Corporation, was for 206,735 Omnimesh Perpetual Software Licences. Not additional smart meters. But it does relate to the order announced during December, 2019.

From the March 2020 RNS:-

" The additional Omnimesh software licences will allow MEA to connect up to 240,000 smart meters to the Omnimesh Head End Server ( HES ) which will serve the Thailand Smart Metro Grid project. The order also includes an Annual Maintenance Contract, for the maintenance of the HES, providing a further recurring revenue stream over an initial five-year period."

The Hardman & Co report, from 4th May, 2021, covers this project in more detail.

From the Hardman report:-

" The initial order for the MEA was for 33,265 smart meter modules, plus associated gateways, services and head-end software licences for these modules. The second order was software-centric and hence directly from Forth Corporation, taking the head-end software licence capacity up to 240,000 devices, plus the associated annual maintenance contract relating to the software licence. The total contract value across the two orders is currently over $3m."

" The next step is expected to be an order for at least the remaining modules and gateways within the 240,000-unit software licence order, i.e. a further 207,000 smart meter modules and associated gateways."

The report goes on to say, concerning progress:-

" That said, much of the initial phase was about confirming the effectiveness of the Omnimesh platform in this region - so there may be larger orders in prospect over the next six to twelve months."

This, I would say refers to the frequency bands of 442 and 447MMHz, mentioned in the RNS dated 30th December, 2019, allocated to the Thai energy utilities by The National Broadcasting and Telecommunications Commission ( NBTC ) of Thailand.

I do not believe that CyanConnode had used these frequency bands before, so there may have been a certain amount of checking/double checking carried out, to make sure that the Omnimesh solution was working to everyone's satisfaction.

The JST Group - Innovation and Excellence report, I believe was published today.

LTI.

...... some of their Clients include Siemens and Accenture, as well as Forth, who have been mentioned in connection with the CyanConnode project.

http://jst-group.com/our-clients/

LTI.

...... Innovation and Excellence.

http://jst-group.com

LTI.

....... are reporting over 17,000 smart meters using CyanConnodes Omnimesh communications have been installed.

From the report:-

" JST Group and CyanConnode continue to deliver the first 33,265 Smart meters to one of South East Asia's largest utilities, targeting year-end 2021. A further 200,000 Smart meters are planned for expansion by the year 2022.

" CyanConnodes Omnimesh technology, coupled with JST Group's local capabilities has ensured fast and smooth progress during implementation."

http://jst-group.com/2021/06/28/over-17000-smart-meters-using-cyanconnodes-omnimesh-communications-installed/

LTI.

No problem Inthetin.

Yes, a typo error on my part. Jittery finger syndrome.

But what was more realistic for me, with this particular report, was that there were no time-scales given. Just the overall market potential of 250 million meters.

The smart grid market in India has changed over the last 2/3 years, in my opinion, with CyanConnodes overall RF market potential increasing over the last few years, with additional solutions/products/services, than when Cyan first entered the Indian market.

But how far advanced this particular project, for HPL, actually is, remains to be seen.

Also from the report:-

" HPL Electric & Power Ltd has received approval and production clearance from leading Private Distribution Company for the implementation of NB-IoT based Smart Meters in the part of National Capital, Delhi."

So they may still have some way to go, if they have just " ..... received approval and production clearance ..... "

But the section within the report - " With this technology, the interference and problems arising due to public network congestion will not hamper the performance of smart meters anymore, as data will smoothly flow through a dedicated channel."

So, as I commented in my 16:18 post on Saturday, an interesting development, I feel.

LTI.

......... are to install 4G - 5G compatible narrowband - IoT technology smart meters, in parts of Delhi.

http://eprmagazine.com/news/hpl-to-install-4g-5g-compatible-narrow-band-iot-technology-smart-meters-in-parts-of-delhi/

From the report:-

" HPL's new range of smart meters with Narrow Band - Internet of Things ( NB-IoT ) communications technology smart meters are both 4G and 5G compatible offering a dedicated channel for smart metering and avoiding any reduction in performance from interference or obstruction due to congestion on the public network. The new range of NB-IoT smart meters have been developed in-house at HPL's new R&D facility at Gurugram.

" Gautam Seth, joint MD, HPL Electric & Power added " NB-IoT is a new and cost-effective technology in 4G and 5G spectrum with fast deployment quality. With this technology, the interference and problems arising due to public network congestion will not hamper the performance of smart meters anymore as data will smoothly flow through a dedicated channel. It will also enable more remote meter readings possible thereby ensuring the safety of the consumers during pandemic times. This new launch will further strengthen our position as a leading smart meter manufacturer in the country."

" HPL is a front runner in the Smart Metering field by providing latest technology to state owned & private utilities. This comes at the backdrop of the world's largest electricity smart metering programme underway in India, aimed at cutting distribution losses. India's smart meter programme aims to replace 250 conventional meters to help raise annual revenues of debt-laden electricity distribution companies.

No time scales are provided with-in the report. But progress seems to be being made, with the development and distribution of these NB-IoT smart meters.

An interesting development.

LTI.

......... for CyanConnode seems very high for some investors. A position in which I fully agree. And have done for some time.

Have a great weekend.

LTI.

........ of the India Team, with the appointment of Rajiv Kumar to Managing Director and Chief Executive Officer of CyanConnode, India, " ...... while Ajoy Rajani takes the role of Vice Chairman of CyanConnode, India, where he will focus on the strategy and key partnerships of the Company."

Also from the report, Rajiv Kumar joins CyanConnode from IntelliSmart, but he has also worked for EESL and Schneider Electric, while also spending a decade working for Powergrid Corporation of India.

So an experienced addition to the India Team and to CyanConnode, overall, I feel.

LTI.

Good morning Pedro.

As you have noted, there are Strategic Alliances/Partnerships happening throughout the Smart Grid industry, with CyanConnode involved with some of them recently.

The Technology Partner Agreement with EESL, the Strategic Alliance with Smart Energy Water and the MOU with IntelliSmart, which have all happened during the first few months of 2021.

Also, the Senior Management appointments, in December 2020, are also an indication of further anticipated progress, in the Indian market. In my opinion.

So I remain optimistic, although timescales remain unclear at the moment, until we hear from CyanConnode, direct.

But the Hardman " ...... smart cities ...... " report, from May 4th, 2021, gives a detailed view of CyanConnode, some of CyanConnodes Partners, some of CyanConnodes markets and also some of CyanConnodes solutions.

Again, in my opinion.

But we will have to wait and see if/any other " Strategic Alliances " are formed between CyanConnode and other Smart Meter/Smart Grid developers, while we wait for any anticipated contract news.

But the Bharti Airtel/Tata Group Strategic Alliance, is very interesting. Thank you for the information.

It is good to hear from you again Pedro.

Good Luck.

LTI.

Oooops, sorry, should read, hopefully:-

http://censusindia.gov.in/Census_Data_2001/Census_data_finder/A_Series/Number_of_Village.htm

LTI.

Good afternoon all.

I remember making a similar point, about the " .... light bulb .... " a few years ago, where some of the population would feel that it was progress to have a light bulb, for the basics and for children to be able to do there home-work and that fridges/freezers/air-conditioning would come along in time. Hopefully.

The electrification of Indian villages, may be complete and is the first step for this particular group of customers. But the electrification of all Indian villages, does not mean every house-hold has access to electricity.

As in this country, in the 50's/60's, some of us had to go round to our neighbours to watch black and white TV, when it was available. Or even in the late 60's to watch selected programmes on a colour TV.

http://bbc.co.uk/news/world-asia-india-43946049

The criteria for all villages to be electrified, from the report, is:- " A village is considered electrified if 10% of its homes and all public buildings are connected to the grid." So still a long way to go, in my opinion.

Also from the report:-

" Remote and inaccessible villages have always proved to be a major challenge in the county's electrification drive.

" Though most Indian villages have some electrical connection today, connecting the last remote households in surrounding areas can be expensive."

http://censusindia.gov.in/Census_Data_2021/Census_data_finder/A_Series/Number_of_Village.htm

The realization of how far there is to go, may be one reason for all the cancellations concerning the meter program in India. I say the " meter program " specifically, because I do not think that all meters that will be installed in India, will be truly " smart." Just smarter than the ones they already have, if they have one at all. Or what I think they refer to as " Conventional " meters.

LTI.

......... have apparently also increased their share-holding in CyanConnode, from 6.64% to 6.93%, an increase of 2,842,105 to 15,243,684.

As the increased amount is not over the 7% threshold, it did not trigger a Holdings RNS.

This was posted by multibagger on the ADVFN website on Thursday 10th June, 2021.

So thanks for the information, multi.

http://cyanconnode.com/investors/shareholder-information/

LTI.

Good afternoon CB,

I noticed that. I think that is probably because they have decided to show the " Deployed " and " Ongoing " figures separately, because originally they all came under the " Smart Meters ( Nos. ) Installed in India " page. So mainly sticking to the " Deployed " and " Ongoing " for the installed page.

Maybe they are looking to relocate the " Pipe-lined " and " Withdrawn/Cancelled Projects " under a separate heading.

Or maybe just " Pipe-lined " projects.

http://nsgm.gov.in/en/content/sm-stats

LTI.

...... installation figures for May 2021, shows a monthly smart meter installation figure for the JVVNL/Rajasthan project, of 2,887 and a cumulative installation figure of 20,472, since October 2020.

The project in Chandigarh for CED, shows a monthly meter installation figure of 890 and a cumulative installation figure of 8,571, since April 2020.

http://nsgm.gov.in/sm-nsgm-projects

LTI.

Sorry, jittery finger syndrome.

LTI.