Member Info for Longterminvstor

Good morning all,

It is always good to catch up on relevant information. Thank you Vas for posting the information from the Genus meeting.

There is a passage from the report that also gives an insight into the tender activity that is being implemented outside of the EESL sphere of influence.

From the report, page 6:-

" In terms of numbers of meter they are already in bids that are out. For the smart meters is almost two million meters, plus 5 million meters for EESL have also come up with one more tender, so if we put both of them together, then seven million smart meter bids, are already out in the market."

There may of course be more, at this particular time.

And Anil and his team, are reportedly very busy.

Good luck,

LTI.

Hello Multi,

I agree, which is why I gave it the heading, " The potential revenue ......... " Until we are told differently, that is all we can work to. Potential.

The timelines are projections. Cash in the bank is, as we know, the reality. From wherever it comes.

Good luck,

LTI.

.......... projections, as we know, could come from various clients/contracts. But the order that CyanConnode received in September 2017, from NIK, for the Ukraine, could/should play its part in that potential revenue projection.

From the RNS, dated 20th September, 2017:-

Purchase Order.

" The purchase order is for the supply of CyanConnode hardware and software advanced metering infrastructure solution, for a 1 million unit, smart metering deployment, to be delivered over the next 3 years."

" CyanConnode will receive USD13 million, for the provision of hardware, with the majority of deliveries expected to be weighted towards years two and three."

" Once each meter has been installed and is operational, the Head End Server software ( " HES " ) licence payments ( to be made on a per meter, per year basis,) will commence. The HES payments will be made over a 10 year period, post installation and will be worth USD16 million, providing the Company with a recurring revenue stream."

How the Omnimesh IoT solution fits into the Ukraine contract, as it has been launched after the contract was signed, or the White Labeling option being a possibility, we will have to wait to find out, how it unfolds eventually.

But I would think that the Omnimesh IoT solution, by September 2017, when the Ukraine order was placed, was well under way in its development, as the acquisition of Connode took place during the summer of 2016.

Good luck,

LTI.

Hello Multi,

I think we are entering another stage of the " ....... my buttons bigger than your button. And my button works ..... " type of diplomacy.

But I understand from the press-releases, that Harley-Davidson, are looking to move their production of motor-cycles, out of America, to avoid the EU sanctions.

http://money.cnn.com/2018/06/25/news/companies/harley-davidson-motorcycles-tariffs-trump/index.html

That will be interesting. I wonder who will follow?

LTI.

Good morning Multi,

Some interesting times ahead.

Good luck,

LTI.

Good evening Chianti,

Thank you for the information. It will be interesting to see if a " mix " of solutions are introduced into the EESL contracts, at some stage in the future.

I believe that EESL themselves, have recently written alternative solutions into some of their tenders. I wonder what bought that about?

Good luck,

LTI.

Sylvian Vittecoq, is on the Asian Utility Week web-page, as attending. There may be others. But Sylvian should be there.

LTI.

As there were cost efficiencies being aired in the Pre-AGM Update, on June 12th, 2018, of reducing the cash-burn of the Company, from GBP800 a month, down to GBP670 a month, from July 2018, it could be that this remuneration package re-think, may have been being worked on/spoken about, for some time. Prior to the AGM.

I believe it was mentioned by John Cronin, during the meeting that the Remuneration Committee, were looking at certain packages.

Today's RNS is a conclusion of that particular process.

LTI.

From today's RNS:-

" The Committee has listened to shareholders' feedback and taken decisive cost-saving action. This payment reduction has seen the remuneration of these two Executive Directors, significantly reduced, when compared with their remuneration for 2017."

LTI.

Hello CB,

As I commented, " ..... a more transparent position ....... " and " A good move ........ "

LTI.

Good morning Multi,

I commented too you just before the AGM, that it would " ....... be interesting to see/hear, how much progress we have made as a Company, generally, over the last few month's and in what areas progress/changes have been/are being/will be made, going forward."

It would seem that Directors Remuneration, has taken a more transparent position, in the Companies thinking and we now know what will be earned by John Cronin and Harry Berry, during 2018 and the restrictions/limitations on the remuneration.

Rather than finding out in May 2019.

A good move, I feel.

Thank you for the information.

Good luck.

LTI.

Good morning Multi, LTI.

Good morning Vas, Mentioned in Multi AGM report:- " Saudi Arabia, Indonesia, Ghana and the Philippines are new territories." LTI.

Thank you for that Vas, Very interesting and it is good to know that PEA are sticking to some sort of schedule. LTI.

Sorry Multi, If you type in - Provincial Electricity Authority smart meter program - you should find both reports on that web page. Good luck, LTI.

Hello Multi, I have posted a few links on Thailand, one being for the PEA, Pattaya Project. I had penned in to ask Geof Sarney, about them again this year, but he unfortunately could not make it. And when Mr. Stamp came on board, with CyanConnode, 18 months/24 months ago, it seemed only a matter of time, before news breaks. And with the Asian Utility Week, being at the end of the month, who knows what is around the corner. http://www.thailand.ahk.de/fileadmin/ahk_thailand/Projects/Smart_Grid/Presentation/Smart_Grid_Drivers_22_Sept.pdf And a report from 2015, which indicates that the PEA were preparing to launch their smart grid/smart meter project, during 2018. https://www.metering.com/regional-news/asia/thailand-prepares-for-2018-smart-grid-pilot-launch/ Interesting times ahead, I feel. Good luck, LTI.

......... the cost savings/efficiencies, that have been/are being proposed, may be playing some part in the rejuvenation of the share price. But then again, there may be news expected, in some quarters? LTI.

Hello Multi, A well made cautionary point. But news would be nice? Good luck. LTI.

Hello Inthetin, Sorry to disappoint, but there was a separate vote called for yesterday, on 2 of the Resolutions, which I understand is still being counted and verified. And just to clear up your point yesterday, in connection with the reason for the lateness of the meeting, it was because the rooms were being used, by others from within the building. LTI.

Hello Overfiend, My understanding is that it wasn't a case of " .... redistributed their meters back to India." The CyanConnode solution, was not transported at all. The Client requested that they would take it, but they would not pay for it. So the stock is now available to be delivered and paid for, as required, to Indian or other Clients, when they require it. LTI.