Member Info for Longterminvstor

Hello CB,

Isn't the " kick-off meeting " concerning the 33,000 order? As it also mentions, from what you have written, " On successful deployment the 33,000 units is expected to extend to a further 200,000 units."

So I would think, until the first 33,000 units have been installed and evaluated, as I read it, I do not see any further order from Thailand. Certainly not by the end of January. The " kick-off " meeting , I would think is to generally discuss the 33,000 order and a general discussion on the possible 200,000 extention.

As far as a Trading Update is concerned, whether that will happen because of the Financial Year for the Company changing, that remains to be seen. It may even move back three months, or so. Who knows for sure. Dates may well re-aline this year, because of the change.

LTI.

Hello CB,

We will never know for sure, unless the document surfaces. As I said previously, I do remember a report, but as it was probably three years ago at least, I could not say specifically/exactly what it showed.

Just out of interest, are we/you expecting some order news in January?

LTI.

Good morning CB,

Thank you for your reply. It was appreciated. And I am sure that Pedro will accept your apology.

But just before we put this period hopefully to rest, I have responded on a different thread, which does have some relevance.

I posted to you some instances, back in December, that led me to a conclusion. The conclusion was:- " But you seemed to cast doubt over the years, that CyanConnode would ever be involved with EESL. Todays announcement seems to clarify and verify the situation."

From your post to Pedro:-

" Again, why would any commercial player appoint a comms that is failing daily, the risk is not worth it."

So, you can hopefully see the background/chain of events, that led me and possibly others, to think the way I did on this matter.

Your need for more information in RNS's about contracts,, I hope never happens. Having spoken to the Company about this very point, at various meetings, believe it or not, there are certain disclosures that cannot and should not be made, in my opinion. However frustrating it is to share-holders.

Primarily, to much information readily available in the public domain, is good news for CyanConnodes competitors. There are confidences concerning our Partners and their competitors. There are confidences concerning utilities and their competitors. And there are confidences concerning other 3rd party companies that are involved in any contract, that should also be taken into concideration and respected, at any one time. Until the deal is done totally, confidences should be protected.

We are all frustrated in one way or another. We hope that the frustrations may soon be at an end and the Company and share-holders can move on to the next stage of the journey.

You also enjoy the rest of your Sunday.

LTI.

Good morning Imperial,

Thank you for your thoughts on the funding options. It is appreciated.

I think a lot of credit goes to John and Heather, for steering the Company away from the Placing possibility, during 2019, considering the hold on contract approvals. Heather in particular, I feel, is central to these other avenues/options being considered, the latest order from Genus Power, is just one example.

Enjoy the rest of your weekend Imperial.

LTI.

CB, no doubt we will catch up at some time. You also have a good evening.

LTI.

Pedro's comment CB:-

" Good afternoon CB. I respectfully refer to your post today ( 09:58 ) wherin you ask " How many hard facts do you need?" If that question relates in any way to what you are saying, I would suggest that they are " Possible Risks " that one should consider before making any investment into the future, not hard facts. Another important risk I had to consider was whether I couls afford to loose my money. When I first invested in Cyan, JC had just arrived and their only product was " Cylec " so I started with a 75% risk factor, which was significantly reduced with the aquisition of Connode ( a hard fact, in my book ) and again two years later after the launch of their first IOT Product ( another hard fact, especially as it conforms to BIS.) My risk factor at present is down to 15%, but if the Chinese " interest " becomes fact and IOT/Smart Cities evolve significantly over the next few years, my investment will be a huge success..... but only by being patient and keeping the faith. Just my thoughts and my strategy, for the moment, thats all. Good luck, P."

So nothing offensive or abusive in that.

CB your total reply:-

" Cut the B######s Pedro, they cannot sell a unit. Omni is dead in the water as far as the 10 million scale to make the business plan viable. JC knows it, that's why he is keeping low. Again, why would any commercial player appoint a comms that is failing daily, the risk is not worth it. A 3,000 unit pilotis as good as it get's, no value attached, which means it's free, whatever you read. This is hardly even worth revisiting until a 5 million point concrete order lands and that is a long way off, if ever. Oh and if the TU ever lands, it will be so short on tangible fact, you will probably miss the point of it."

So Omni is not dead in the water, as you implied. The 10 million scale to make a business plan has been discussed recently and explained. The comms does not fail daily. And the 3,000 unit pilot for the Hybrid RF Smart Mesh and Cellular solution, has turned into a 142,000 £3.3m order, that may turn into a 200,000 smart meter project.

LTI.

Hello 2cv/CB,

I think it is your general attitude CB, to conversation with other posters, which comes over as aggresive and combative. A style you would not use/not pay you to use, if you were talking to someone face to face, usually. But it is more often used where there is no personal contact or eye to eye contact, such as when corresponding from behind a computer.

A comment/post from you as an example:- " Cut the B######s Pedro, they cannot sell a unit." I have removed some of the letters, but you can get the drift of what you said/actually meant.

Just an observation.

LTI.

......... the Indian Government and Ministry of Power, have made it known that they have a programe of smart meter installations that they want to see implemented within a 3/5 years ( ish ) period.

And we are also aware of some of the meter tenders that EESL have tabled, starting in 2017.

http://domain-b.com/industry/electronics_ind/20171024_smart_meters.html

Uttar Pradesh and Haryana are mentioned in the 2017 tender.

If you look at the EESL Twitter page and scrol down initially, to 23rd November, 2019, there is a report that gives some idea of the installation progress, since the tender was awarded, during October/December 2017. ( December 2017 was the Reverse Auction tender.)

http://twitter.com/EESL_India

From the report:- " Over 6.5 lakh smart meters already operational in UP, Delhi, Haryana, Bihar and Andhra Pradesh."

As far as I am aware, the 5 million tender from October 2017, only covered 4m meters in Uttar Pradesh and the remaining 1m meters were to be deployed in Haryana. But from this initial figure of of 6.5 lakh, it would seem that the Delhi, Bihar and Andhra Pradesh figures ( which we do not have ) may have to be taken off the 6.5 lakh total, to give the total meters installed for the original 5m meter tender.

But as there are no overall installation figures, per tender/per project, that I am aware of, we will have to work with what is available.

Which possibly indicates why there seems to be some impetus in the overall project planning and the inclusion of other agencies that were not previously involved, with the expertise to carry out the smart grid/smart meter programe.

LTI.

Good evening tonyj,

You are welcome. There is still some way to go, with EESL especially. But progress has been and I feel is being made, with EESL and in other areas like Thailand and within India especially. As we have seen recently.

But we will have to see how long it actually takes.

Relationships/contacts and contracts take time to develope in business. But hopefully with the time-frames I mentioned in my previous post, and the agencies involved, minds will be concentrated on the task in hand.

LTI.

Good morning Imperial/tonyj,

I agree with your 10:59 post Imperial, that there is a process to go through, as far as EESL, or for that matter, any customer is concerned. Although, with the number of installations that have been suggested, over a 3/5 year time-frame, by the Indian Government, Ministry of Power and EESL themselves, the process should be at an accelerated pace, than what we have seen in the past.

LTI.

Good morning TillyTish/Imperiallondon,

I tried to access the tender detail that TillyTish provided last night, but was unsuccessful. So thank you both for finding a way to providing the details.

Sounds very encouraging. Are there any details on the number of meters required/RF canopy/GPRS, ect, or have I missed it?

LTI.

MrNation, good luck with your potential investment.

LTI.

Good evening MrNation,

There was also a confirmation order recently, which included a Letter of Credit, for an order in India for 142,000 modules initially, with a value of £3.3m.

LTI.

...... December 2019 edition, has been published.

http://indiasmartgrid.org/newsletter.php

- Tech Mahindra will provide Information and Communication Technology, to a smart city project in Pune, Maharashtra. Tech Mahindra are also working on 5 other smart city projects in Kanpur, Nasik, Jaipur, Jabalpur and Gandhinagar. ( Page 8/9.)

- The Saudi Electricity Company has annoiunced a $2.5b smart meter project allowing for 10 million smart meters to be installed throughout Saudi Arabia. 3.5 million of these smart meters will be purchased from local manufacturers. The project will start during December 2019 and is expected to be completed by March 2023. ( Page 4/5.)

There are also some other reports that may be of interest.

LTI.

...... orders recently, indicated a capability for " The Company's Omnimesh technology will provide a network canopy, enabling a hybrid RF smart mesh and cellular communications platform, that is scalable to 200,000 smart meters," then I would say your " .... areas will start .... " for potential orders are targeted about right, tonyj.

LTI.

Good morning Imperial,

Thank you for the additional information and analysis in your 07:40 post. The previous PAYG model/branding, seems to have been replaced now by " smart pre-paid." But as long as it does the job it is supposed to do, which is giving customers access to the availability of power, it does not matter what the product is called.

LTI.

Good morning Imperial,

Well, I think you have tried your best to explain the situation and what was presented a few years ago and the present situation now. Let us see if it is enough.

LTI.

Good afternoon Imperial/MrStrongViolent and all.

I was going to reply to MrStrongViolent's post, from 10:52, when you replied Imperial, with your 12:13 post, with a similar conclusion to my own, mathematically.

If the 142,000 project is successfully received, then to reach the scalable capacity of the Omnimesh platform, of 200,000 meters, a potential further order for 58,000 modules would be required. At whatever price that figure is negotiated to be.

LTI.

Good morning all,

I wonder if recent developments in Thailand, for CyanConnode, will be of interest to EESL, as during July 2019, EESL had an " EOI for selection of Strategic Partners in Thailand."

http://eeslindia.org/content/raj/eesl/en/Tenders/Current-Latest-Tenders.html

Just a thought.

LTI.

........ contract, is I think personally, a difficult one to call, concerning revenue contribution. But as you say Imperial, the revenue for the initial 500k licences, was recognised historically.

And CyanConnode are, as you indicate, expanding into other geographical regions, as well as consolidating their position, in India.

LTI.