Member Info for Longterminvstor

...... seem to have a Fund Manager working for them, Richard Penny, who I seem to remember did a presentation at the Islington Business Center, in London, when he was working for Legal & General. CyanConnode also presented at the time.

http://www2.trustnet.com/managers/factsheet/richard-penny/ima-utoeic/o/00000pen01/

Small world.

LTI.

...... seem to have a Fund Manager working for them, Richard Penny, who I

...... there's more.

LTI.

.......... makes a major growth investment in India.

http://smart-energy.com/industry-sectors/business/networked-energy-services-makes-major-growth-investment-in-india/

From the report:-

" NES was formed as a result of a spinoff of Echelon Corporation's Grid Modernization Division in October 2014. NES is headquartered in the US, with R&D centers located in Silicon Valley and Poland and sales offices throughout the world. NES' smart grid technology is used in nearly 40 million smart meters and other smart end devices around the world. NES is a member of the OSGP Alliance, a global association of utilities and smart grid companies, which promotes the Open Smart Grid Protocol and cooperates to provide utilities greater value by enabling true, independently-certified, multi-vendor interoperability based on open international specifications and standards."

Also from the report:-

" India's Power Distribution Sector, with a market size of more than 275 million consumers, is going through major reforms and energy transitions to bring increased efficiency. For these reforms, the main change drivers are the adoption of proven technologies e.g., smart metering, smart grid, data analytics & various integrated and innovative solutions utilizing different business models. These technologies can help in reduction of Aggregate Technical & Commercial ( AT&C ) Loses for financial sustainability, improve the grid reliability, achieve better consumer service and more importantly, smooth the energy transition."

http://networkedenergy.com/en

Networked Energy Services has also some interesting, well known Partners that they already work with, globally.

http://networkedenergy.com/en/partners-networked-energy-services

An interesting Company, I feel, that is looking to make some headway in India, with the Smart Meter/Smart Grid development.

LTI.

Sorry, missed a bit:-

- http://twitter.com/Arden_Partners
- Click-on - research.arden-partners.com/portal/portal .....

LTI.

.......... Fresh Funds to Underpin Growth.

From the report:-

" Recent management changes and improved relationships in India could drive materially improved market share, while ongoing opportunities in Nigeria, Thailand and UAE provide further upside to our Indian scenario."

The Upside Case.

" The upside scenario is that CyanConnode captures 15% of Indian market share, which over an 8-year period, will be over £153.6m of value. This target is achievable, when you consider that the company is a leader in RF Mesh Networks in India, it has operated and expanded in India, it has close ties to EESL and now IntelliSmart and has a management team which has experience in delivering large scale deployment projects."

So the right team, with the right experience, with the right solutions, at the right price.

And not forgetting those who have also contributed over the years, so that CyanConnode can be in this, what would seem, is a very promising position.

LTI.

From 4th May, 2021 " Smart " cities report:-

" Against the backdrop of growing interest from governments and regional authorities in many emerging economies in the deployment of smart meters, contractual discussions can remain lengthy. CyanConnode is engaged in discussions regarding new contracts in several countries at the present time, but the extent to which these will result in revenue in FY'22 and FY'23 is unpredictable. In some cases, the introduction of opex models adds a layer of complexity, albeit eventually resulting in a larger and more accelerated rollout programme overall. Given these factors, there is scope for some volatility in financial performance, although, for the current financial year ( FY'22 ) the risks are mitigated by the inclusion of only won contracts in the company's guidance and concensus estimates."

Highlights, at least for me, within the report:-

- CyanConnode is engaged in discussions regarding new contracts, with several countries at the present time.

- In some cases, the introduction of opex models adds a layer of complexity, albeit eventually resulting in a larger and more accelerated rollout programme overall.

- Given these factors, there is scope for some volatility in financial performance ....... .

Enjoy the rest of your day.

LTI.

........ the Market has got it. But still some way to go, yet. Some days will be up. Others days will be down. Its what happens.

LTI.

.......... it may be an interesting day trading. One way or the other.

LTI.

No problem Jake.

The NSGM website illustrates all the projects that are Completed, Ongoing, Pipeline Projects and Withdrawn/Cancelled. ( Already provide.

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

If you click-on Deployment Completed, you should find a reference to the CyanConnode completed projects and the Dongfang project I mentioned earlier. ( Item 13 )

If you click-on Ongoing Deployment, you will find what may be the CyanConnode/Genus Power/TANGEDCO project ( Item 12 ) and also what seems to be the CyanConnode/Genus/JVVNL - 6 towns project. ( Item 11.)

Also, somewhat confusingly, there is a project for Techno Electric that seems to be " Ongoing." ( Item 7.) So both for JKPDD. Both for Jammu and Srinagar. Both for very similar quantities. Yet one is Ongoing and the other has been Withdrawn/Cancelled.

And both have a " Date last updated: May 28, 2021."

So as you say jake, time will tell.

LTI.

Hello jake,

To answer the point you made in the second paragraph of your 17:00 post, it should not have been a surprise that Dongfang was a subsidiary of a Chinese company, as Dongfang had already been working for the ISGF, on the Puducherry smart meter pilot, since 2017. A point I have made before.

http://indiasmartgrid.org/upload/201702Thu185423.pdf - Page 6.

I know the Puducherry project is outside the recent timeline of political problems between India and China and wasn't relevant at the time. But you would have thought that due diligence would have been carried out anyway, before the Puducherry project, to find out the history of each Company, which would then have been available and relevant for the J&K tender. But obviously not.

But it will be interesting to see what happens, if anything, with the existing completed Puducherry project, won by Dongfang and how it is treated, concerning the Indian Governments fears concerning Chinese technology.

Information on the NSGM website indicates that the J&K project has been withdrawn or cancelled.

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

Click-on Withdrawn/Cancelled and scroll-down to item 6 and you will find Jammu & Kashmir - Srinagar and Jammu - 198,000 - customers/nodes

So what will happen with this particular, Jammu & Kashmir RF project, remains to be seen.

LTI.

....... requested for Strategic Partners in Thailand, a couple of years ago, which I posted on the bb.

https://eeslindia.org/img/l_tender/5_2daa462d-7191-439e-b6cc-f8aa22632abf_EOI_Partners_11.07.19.pdf

EESL have subsequently invested $5 million in Thailands EV manufacturer, SWAG EV, in October 2020.

http://electricvehicles.in/eesl-to-invest-5-million-in-thailands-ev-manufacturer/

EESL have also signed a MoU with the Oberoi Group, in April 2021. The Oberoi Group own and run hotels in India, Indonesia, UAE, Egypt, Mauritius and Saudi Arabia.

http://3rdeyereports.com/2021/04/the-oberoi-group-signs-mou-with-eesl-to.html
http://oberoihotels.com

So part of a diverse portfolio of projects that EESL are involved with.

Which makes the CyanConnode announcement on 12th April, 2021, that EESL had selected CyanConnode as Technical Partner in the Middle East and Africa, along with CyanConnodes announcement on 26th May, 2021, concerning a MoU with IntelliSmart, very encouraging indeed.

The old Chinese saying that " Even the journey of a thousand miles, begins with a single step " is I think relevant, as I believe
that Cyan/CyanConnode started this journey a few years ago.

Steady progress is beginning to gather pace. In my opinion.

LTI.

Hello jake,

Well, that is one of the problems that truly smart meters are over-coming. That of revenue collection. Which does not need anyone knocking at the door or reading a meter. It is all done remotely.

Utilities have had this problem during the pandemic, if they do not have truly smart meters. But not every utility can afford to install smart meters. So it will take time.

But business will try to find a way, even when politics gets in the way. Legally, of course.

LTI.

Good afternoon jake,

I agree. I would call that a balanced report. And encouraging that CyanConnode has been invested and active in the region for a number of years.

But thank you for the report. It is appreciated.

LTI.

Good afternoon tonyj and all.

Yes it certainly looks as though Hardman & Co have put some meat on the bone, with a little more detail.

" ......... CyanConnode will utilise its hybrid RF/cellular technologies for existing and new IntelliSmart, smart meter contracts, amounting to millions of units."

So should be interesting. But initially very encouraging.

LTI.

You are welcome, pawnsacrifice.

LTI.

Good morning pawnsacrifice.

The EESL/IntelliSmart/NIIF partnership/collaboration has been together for just over 18 months now, since October 2019.

http://eeslindia.org/img/news_m/NIIF_and_EESL_Partner_for_Smart_Meters_deployment_across_India.pdf

LTI.

..... is an indicator, at least to me, that CyanConnode has become/is becoming a significant contributor to the development of smart grid services/solutions, specifically in India and potentially globally.

Well done to all concerned, at CyanConnode.

LTI.

....... also provides some individual smart meter installation information, on the two NSGM projects I posted information on last Friday, those being Chandigarh and JVVNL ( Rajasthan.)

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

So steady progress seems to be being made, in connection with these two particular NSGM projects. Despite the difficult situation that India in particular, is experiencing.

As well as other global regions also.

LTI.

Good afternoon tonyj.

I agree. There has been a lot of technology infrastructure advancement over recent years, in India. Still lots to do, as in most countries.

The project mentioned in the magazine, initially seems to be targeted in Andaman and Nicobar islands, which is a Union Territory of India, situated closer to Myanmar ( Burma ) and Thailand, rather than the east coast of India. And seems like a very beautiful, " touristy " destination. From what I can see.

But as you pointed out, they seem to be just over 25% towards their target of total village, optical fibre connection so far. No date for completion from what I can see. But then again, many global projects have been delayed over the last 12/18 months, giving way to other priorities.

I have not read it all yet, as you can imagine, but a very interesting India focused magazine.

Thanks tonyj.

LTI.