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Good morning Vas/tony.s and all.

I think it is fair to say, that EESL has been successful globally, as well as locally in India, with the distribution and installation of LED lighting. Where they seem to have a problem is the implementation and installation of the multi-million meter tenders, coupled with the AT&C losses incurred by the utilities, which have not decressed, but increased over the last couple of years, since the tenders have been implemented, as has recently been reported.

As I understand it, EESL provide the meters, vertually FOC to the utilities and the utilities pay EESL out of their savings, through lower losses. This, as has been confirmed recently, has not happened. So I cannot see how EESL have been paid.

That is why, I believe IntelliSmart were brought in, to oversee the smart meter delivery programme and infrastructure development.

As always, this is just my opinion and observation.

LTI.

........ Vas, seems to have set the stall out for Indian discoms, over the next few years and re-affirms the target aspiration, initially of 2022 for converting existing meters to smart pre-paid meters. But that may be an aspiration/target and we will have to wait and see how much progress is made over the coming years.

There have been 3 or 4, multi-million meter tenders, over the last 2/3 years, that do not seem to have remedied the problem of some utility losses. In fact according to the Budget report, they seem to have grown, in some areas.

But thank you for the information Vas. It is appreciated.

LTI.

Good morning all,

So with the overall AT&C losses reported in India, increasing, as reported, the CyanConnode & Partners successful installations in Mysore and Indore in particular, should/may concentrate a few minds on what action they should take.

LTI.

Hello CB,

Sorry for the delay. Have been in a bad mobile reception area.

The January 6th, 2020 RNS, confirmed that " The first project meeting to discuss the roll-out and installation of the meters, will take place during January 2020."

The tweet seems to confirm that, that did actually take place.

LTI.

Good afternoon Imperial/CB,

Co-incidentally, if you go back to the RNS dated 16th December, 2019, when it was first made public, that CyanConnode had received a Letter of Intent from Genus Power, it does mention " 142,000 units " in the RNS.

Just a thought.

LTI.

Good afternoon TillyTish,

Thank you for the information on Tripura. Very interesting. Another one to keep an eye on, hopefully.

LTI.

Good afternoon Imperiallondon,

Well spotted. And thank you for the information.

Whether it is the same TANGEDCO project, is yet to be seen, but I posted about a TANGEDCO project included in the October edition of the ISGF bulletin, for " Tenders floated for first phase of smart meter project, in Chennai, Tamil Nadu, India."

The tender in the October ISGF bulletin, was also for the Thyagaraya Nagar area.

http://indiasmartgrid.org/newsletter.php

Page 5.

It is encouraging that they seem to prefer RF? With the initial order being for a possible 142k consumers, with a canopy capacity to reach possibly 200k consumers?

Encouraging news. Thanks again.

LTI.

Good morning Imperiallondon/Inthetin and all,

Hardly news being "flushed " out Inthetin. The twitter report was originally posted by TillyTish, on 20th January. You also posted something from twitter, on 21st January, which included a report on CyanConnode at Elecrama and also included the information posted today by Imperial.

So it is not being " flushed out."

It is just there, if you want to look.

LTI.

Good morning Imperiallondon and all,

As a confirmation of your aspiration/guestimate Imperial, of approximately 5% of the market for RF, in India, Anil provided us with some possible RF intallation figures, during the Investor Conference Call in July, 2019, in which he gave a similar figure.

My understanding/interpretation of what Anil said:-

- 250,000,000 estimated to be required/replaced over three years. ( Indian Government estimate.) Anil suggest it will be longer.

- 125,000,000 or 50% of the original total, should translate into smart meters.

- Approximately 60,000,000 , or approximately 50% of the smart meters, should translate into RF meters.

- And conservatively CyanConnode estimate that they could potentially gain 20% at least, of the total RF market.

So somewhere between 11m and 12m units, for the Indian smart meter market. Between 4%/5% of the total market.

So I agree with your approximate 5% market share estimate, for CyanConnode, for India.

LTI.

Good morning TillyTish,

Thank you for the information. I hope this link works.

http://twitter.com/EESL_India

CyanConnode, I believe signed a distribution partnership, with DS Technology, for the UAE and Bahrain about 15 months ago. So an interesting development.

LTI.

Good morning jake,

I believe that your 08:06 post, may be referencing competition. A situation that John Cronin has acknowledged in the past, mentioning Trilliant and SilverSpring in particular, I seem to remember. But I cannot remember in what interview it was. But I have mentioned this previously on the bb.

John Cronin has also mentioned that " ...... CyanConnode will not win everything ......... " So as share-holders we understand that.

But that has not stopped CyanConnode steadily progressing, against fierce competition, as we appreciate that other companies also have an RF offer.

LTI.

Good morning Ted,

" We," are all share-holders, have been aware of " .... limited penetration in Africa ...... " for some time. With limited or very little success.

But who knows when that might change.

In August 2014, Cyan(Connnode) signed a partnership agreement with South-African based Dinsmore & Associates. In March 2015, Cyan(Connode) signed a non-exclusive distribution agreement with XLink. And in 2016, there was a presentation given to share-holders that showed a " heat-map " of interest for Cyan(Connode) solutions. Some in Africa.

So the information has always been there. If you want to find it.

LTI.

Good morning Imperiallondon,

A very encouraging report, Imperial. Thank you for the update. The Indore installation does seem you be gaining a certain amount of local and global recognition over a short period of time, which is good for CyanConnode as a Company and share-holders, eventually.

We are aware of a limited penetration in Africa, as a whole. Probably because of the target markets elsewhere globally, took preference. But it is good that Ghana and probably other African nations also, seem to be taking an interest in the CyanConnode solutions and products.

Thanks Imperial.

LTI.

Good morning Imperiallondon,

Thank you for the information from Twitter from Anil, about Indore and your other news clip from the event. Much appreciated. And very impressive figures, as you have indicated.

And I agree, well done to all concerned at CyanConnode, especially the delivery Team in India.

LTI.

No problem Inthetin.

LTI.

Good morning TillyTish,

Let us hope that, that is the more accelerated way that the tender process may happen. Although there are tenders that do take longer and are often delayed by re-negotiations/additions/modifications, etc..

But I understand where you are coming from.

LTI.

Good morning Imperiallondon,

Thank you for that news report and your analysis. It is appreciated.

Mysore was the IPv4 seed, which we hope will flourish into many Indore IPv6 branches. As you indicate, an excellent return on capital/investment, in a very realistic time-frame, which in itself should give the approriate agencies the confidence required to make an informed decision.

Thanks again Imperial.

LTI.

Hello CB,

Sorry it's late, but finished typing out my post and realised I had clicked onto a different thread.

That is where we have a different opinion. The document that shows the 10 million units, over a 10 year period, is an historic projection for a 10 year term licence on Ultimesh only. Which I have mentioned before.

I believe you mentioned it as a " ..... 10 million business plan document ...." on January 6th, 2020, which is what prompted Imperiallondon to contact John Cronin. The result of that contact you have been given.

But a business plan surely would have information on the business as a whole, including the operating costs of the business. Not just on the projected sales volume of meters, with projected values, on one licenced solution/product, over a 10 year period.

LTI.

Thanks TillyTish,

The information is appreciated and I would suggest adding at least 4 weeks onto each of those dates, before any Company can reveal relevant information. But we hope that the tender process will start to accelerate and the winners can be informed and work can commence.

Thanks again.

LTI.

Hello Inthetin,

I have clicked on the " reply " button, which takes me to the link that has been deleted/discontinued. I would also refer you to Imperiallondons post, as I have suggested to CB earlier, about the e/mail Imperial received from John Cronin, on 6th January, 2019, in which he confirms the 500k unit figure to break-even. Not 10 million.

I have also suggested, as this an historic product/solution, Ultimesh, that is no longer marketed or sold, why would the Company not delete this historic, out of date information, from their website.

I cannot comment on a website that has been deleted, or other posters interpretation of the information that may or may not have been included on that web-link.

Which seems to have been the issue for some time.

LTI.