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It certainly is a good shout, Inthetin.

Your purchase must have been just after you had labelled the Results report " .... BS .... " I believe, at 09:19 today, concerning the BRR Media/CyanConnode Results video report.

Having your feet in two camps, as you have had for some time now, is very noticeable.

LTI.

Good morning Minnisage,

Agreed. And as you have noted, the acquisition of L&T by Schneider Electric was also covered. With the appropriate paperwork between the two Companies being completed.

But there are other interesting pieces of information to digest, also.

An open mind is always a necessity when buying into a Company. And trading around Results times, can be volatile either way, as we know.

But at the time of posting, it is approximately 791,107 Sold, against 1,034,653 Buys. Where it will end up at the end of the day, we will have to wait and see.

LTI.

Good morning Inthetin,

That may be your opinion, but other share-holders/prospective share-holders may be interested.

LTI.

.............. are on BRR Media.

http://brrmedia.co.uk/broadcasts/5f50fe67b14d87262643e972/cyanconnode-holdings-2020-full-year-results-qa

LTI.

Good evening Pedro,

I think you are correct. Clarification should come from John Cronin on any progress, with any Company. I have been following the Schneider acquisition of Larsen & Toubro, since it started, a couple of years ago. So it is good that the deal has been completed.

But as I mentioned earlier, we will have to wait and see what/if anything transpires. But it is interesting.

It is good to hear from you again, Pedro.

Good luck,

LTI.

Hello Inthetin,

" ..... Cyan is an irrelevance as far as their business plan is concerned ..... " may be your opinion. But that may be an opinion that is not necessarily correct.

So, we will have to wait and see.

LTI.

That is correct, Inthetin. February 2019.

And as Schneider Electric paid approximately £1.43 billion for L&T ( Electrical and Automation ) including their global business, I would imagine that they are " ..... still alive and kicking as a company." At least as far as Schneider Electric are concerned.

http://energy.economictimes.indiatimes.com/news/power/lt-completes-divestment-of-electrical-automation-business-to-schneider-electric/77862473

LTI.

Good morning Inthetin and all,

Larsen & Toubro, I believe reduced their news-flow releases, concerning the smart meter/smart grid, at about the same time as the Schneider Electric proposed acquisition was announced, about 2 years ago. But that hasn't stopped L&T appearing on the CyanConnode RNS releases. One of the latest being a contract for MPWZ.

LTI.

...... has completed the purchase of L&T's Electrical and Automation business. This will see Schneider Electric India Private Limited, take a 65% share of L&T's business, with Temasek, a global investment company, taking 35%.

http://wiztopic.com/download-pdf/5f4cca8629cb54345c739678

From the report:-

" SEIPL will see the integration of over 5,000 employees from L&T's Electrical and Automation business, which includes its overseas markets of, Middle East and Africa, Indonesia and Malaysia, with over 2,000 of Schneider Electric's employees."

Also:-

" This major strategic move will make India, Schneider Electric's third largest business in the world and one of the four major global, Schneider hubs for global R&D, global manufacturing. We shall also keep growing our already significant export, from our Indian factories."

LTI.

You are welcome tonyj. I hope you enjoyed your ( liquid ) lunch.

LTI.

No problem Vas and you are welcome.

I do not know why they cannot put a " First Published " date on these recycled reports, so that everyone knows what they are dealing with. Current information or historic information.

You would think, that would be possible.

LTI.

Good morning all,

So, it would seem that the MEA signed a Memorandum of Understanding, in January 2020, with Forth Corporation and Yip ln Tsor, a month after CyanConnode received the first order from MEA/JST in December 2019 and two months before CyanConnode received the follow-on order, from MEA/JST, in March 2020.

LTI.

Good morning Vas and all,

The report that you posted yesterday evening, at 21:32, which has an August 2020 date, seems to have been published previously, during January 2020. Basically the same information and the same photograph's, but a different date.

http://thailandtoday.co/21/01/2020/how-efficiency-can-be-increased-in-meas-smart-metro-grid/

LTI.

Good evening Vas,

In reply to your 14:50 post, I personally do not see it as CyanConnode having to " .... step down ...... " as you put it. I certainly do not see any evidence of it in India, so far. I did not see any evidence of L&G and their RF solution during the early Indian Smart Meter Projects Pilots, over recent years.

If CyanConnode are part of a strong enough consortium, which I believe they are and it is financially viable for CyanConnode and Partners to compete against L&G and Partners, why wouldn't they. It will be up to the individual Companies to decide, when/if the situation arises.

CyanConnode do not manufacture meters, as we know, like L&G and others do. So they need at least a meter manufacturing Partner to shoulder that part of the responsibility, that has already had the CyanConnnode solution integrated into the individual meter manufacturers electric/gas/water meters.

That has always been the case.

LTI.

Good afternoon all.

From the Webinar transcript from 30th June, 2020:-

" We have strong relationships and we go to market through third-parties and we have good names to help us do that. Interesting enough there are meter manufacturers, system integrators and mobile operators. And you may notice the forth bullet-point down, we mention Landis & Gyr. In some countries they are Partners and customers of ours and in others they are in competition.

" The same as you get with telecommunications companies, they are Partners in one country and then competition in another."

Also, Landis & Gyr have their own RF solution and I believe have had for some years, that they market with their electricity, water and gas meters. I first asked Peter Mainz about it a few years ago, at an Annual General Meeting.

http://landisgyr.eu/product/gridstream-rf-2/

So L&G have long been recognized by CyanConnode as a competitor and a Partner.

LTI.

Good afternoon all.

From the webinar transcript from June 30th, 2020:-

" There has been a tender that was actually put out a couple of years ago, for Bangladesh, which was supposedly going to be announced for Landis & Gyr, that has been re-tendered and I do know that Oculant ( Not completely audible on the video ), who is a country systems integrator, looks like they haven't signed yet, but it looks like they are going to get it. We did not bid for this particular one, but I do know that should be awarded soon.

" We are bidding in some other opportunities in Bangladesh, in other parts of the country, not only in electricity. But also for water metering and street lighting."

I cannot guarantee that the text is 100% accurate, but the content is pretty close.

So John Cronin highlighted this particular tender, that CyanConnode had not bid for, 7 weeks before it appears on this bulletin-board.

LTI.

......... meeting should be taking place today, so that the Adani tender proper, can be progressed with the Submission of Bid Documents requested by September 14th, 2020.

http://tndindia.com/adani-electricity-invites-bids-smart-metering-solutions-mumbai/

Over recent years, as we know, CyanConnode has been involved in developing and deploying various RF projects in India and globally, with our Indian and global Partners, along with various utilities.

It is therefore encouraging to see that Adani, as reported last week, has tabled what seems to be a significant RF project for 700,000 smart meters. It will also be interesting to see if other utilities, private or state owned, follow Adani along similar lines, with other RF related projects.

It will also give different RF solutions providers, the opportunity to tender. So it could be very interesting.

Although the order for 430,000 Omnimesh modules, from JVVNL ( Carried over from September 2018 ) was also encouraging for CyanConnode. Which we hope, along with the current Adani tender, may be a signal for an uplift in tender numbers for RF solutions, going forward.

Still, time will tell, as the saying goes.

LTI.

Sorry Vas,

The web address sometimes comes up as an " Error in the Fire Wall." If it continues just type in " MBit - India " and you should be able to find it okay.

LTI.

Good evening Vas,

Yes, a good report good on Indore. The MBit Platform seems to be an Information Technology Organisation, which from their web address is India based.

http://mbitindia.com

LTI.

Good afternoon Vas and all,

Thank you for the latest update concerning this project. It is appreciated.

As it says in the report that you posted, this may only be a temporary halt in the program.

From the report:-

" In a letter addressed to EESL, chief executive vice chairman, Saurabh Kumar, the managing director of UPPCL, M Devraj, has directed that installations of 40 lakh meters that was being carried out by EESL, be put on hold for the next fortnight."

So we are talking about an overall, proposed very large number ( 4,000,000 ) of meters to be installed here.

So we will have to see what decisions are made for the project, going forward. I suspect there is a lot to discuss.

As this project will in part, probably be affected by any prior Chinese involvement, this was covered ( But not directly in connection with, at the time ) in a section of the Genus Power Q1 FY 2021 Earnings Conference Call - July 30th, 2020, I posted on 17th August, 2020.

From the report, page 9:-

Q - " What is the price difference from your meters and that of Chinese suppliers? And what is the market share of the China supplied meters?"

A - " Except EESL global tenders, nowhere else Chinese players could enter India and even in that, they are facing huge problems. They have got orders from last 18 months and not even 10,000 meters had been supplied. With the current scenario, I further see this becoming more and more difficult for Chinese companies. When it comes to cost competency, on an apple to apple comparison, India is in the best position to compete with anybody in the world."

It is unclear whether the outage was caused by a system/programming failure, or whether it is a meter failure. But as I seem to remember that it was the administrators for the project that were relieved of their position, we will have to wait and see what the findings are of the discussions that are being progressed, over the next fortnight.

But thank you for the update, Vas.

LTI.