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If DigisSmart, along with Cyan pvt is included in any deal with IntelliSmart and IntelliSmart take, say 51% control of Cyan pvt - then say going forward DigiSmart goes on to be a major revenue winner for Cyan pvt , does that mean that for every new order IntelliSmart give to Cyan pvt, via DigiSmart then IntelliSmart will receive 51% of each new order back to themselves !

Could IntelliSmart in future redirect any new business through Digismart and pick up 50% of the value .

The name "DigiSmart" could have been chosen by IntelliSmart, as it has a lot more in common with IntelliSmart than the present owners, Cyanconnode !

This also regarding EsyaSoft and Alfanar winning a two million smart meter award in July 24 in Madhya Pradesh DISCOMs (Bhopal and Jabalpur).

https://thecourtroom.in/alfanar-india-azb-partners-smart-meter-esyasoft/

25th July 2024

https://alfanarprojects.com/en-us/newsroom/the-ambassador-of-india-to-saudi-arabia-visits-alfanar-projects/

Thank LT .

If IntelliSmart were not already an AMISP then i could see the benefit in them taking a controlling interest in a DigiSmart , a company that was an AMISP, so that they could take part in future the AMISP tenders , and take advantage of the finances etc that you mentioned in your post- so if it is IntelliSmart interested in Cyan, and they took a controlling interest in Cyan then i can only imagine this would give IntelliSmart two bites at each cherry, or two attempt at each tender via their own, and also DIGISMART as an AMISP.

Large buy at 31p arrived form yesterday.

They must celebrate their maiden revenue - with an RNS .

Even if we only look at say 100 k of the 350 k order being delivered and invoiced , paid for Septembers launch - this will produce approx £4 m revenue !, in September 24.

Maybe £3 m of this will be recycled back into the production of more units - giving another 300,000 new units x £40 = £12m gross , and so on. So if the product sells as well as we are told - then it could get quite crazy here.

Fingers crossed for an Xmas best seller !

The one million Genus awarded to Cyan in September 2022 , long with a eight year the 1 million module tender along with a eight year support and Maintenance Contract, would have needed to be completed next month, . Interestingly the installation for this project shad a two year completion date and would have needed to be completed in September , next month.

"Under the purchase order, CyanConnode will supply 10 lakh Omnimesh modules together with Advanced Metering Infrastructure, Standards-Based Hardware, Omnimesh Head-End Software, Perpetual License, and a Support and Maintenance Contract. The supply of Omnimesh Modules is expected to commence in September 2022, with installation being completed within two years. The Support and Maintenance Contract is for a period of eight years and will commence upon completion of the installation phase."

Was this cancelled or delayed. Whatever happened Genus later went on to manufacture Cyan's modules in house!

https://www.eprmagazine.com/news/genus-power-announces-launch-of-smart-meter-installation-project-throughout-uttarakhand/

Talking of Genus, looks they are starting installing smart meters in Uttarakhand, ( HPSEB) Himachal Pradesh where Cyan have already installed approx 150,000 meters according to link below , page 17

chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.jakson.com/wp-content/uploads/2024/02/2024-01-January-TD-India_compressed.pdf

Just skim read HPL earnings call Q3 24. Very interesting questions regarding the rollout of smart meters that HPL have won from AMISPS so far, and good dicussion about how existing meters won, will be delivered in slices over next 3 years.

executive " so we are not an AMISP, nor are we -- so although we do have certain orders where we are doing value adds a little beyond the meters, just the smart meters, but still bulk of it, I would say, almost 95%-plus or almost 100% is the supply of meters. So we are not into financing or not -- we are not into the other parts. Though on the communication technologies, we are working on it, where we will have a specific value-add to our AMI customers along with the smart meters"

Analyst ".So if I understand this scenario correctly, we are not servicing the communication technology as of now, but we are going to enter?"

Executive "Yes. We have -- like last time, we did -- we have a tie-up with a company. And as we are developing that. So those things will become value-add as we go forward."

So using HPL as an example , and assuming that they are talking about Cyan being the company in question then it would seem there is a great deal of work required , and HPL whom are manufacturing the actual smart meters have not yet got their head around the add on communication part, but are aiming too- and sell it as an add on possibly .

Have a read as its nearly all about AMISP, smart meters, etc

https://www.alphaspread.com/security/nse/hpl/earnings-calls/q3-2024

I am not sure Tony but that would not explain the general lack of news , even to our competitors!

IntelliSmart describe themselves as a "AMISP and digital solutions provider in India", so why need to wait for Cyan to become an AMISP. Its very confusing. Gl Vas

Hi Gizmo,

I would have thought tight supply lines would have ensured company's who need the most popular and in demand solutions in time for their start dates would wish to place their orders earlier, rather than latter when the demand may be even higher with everyone chasing similar products, with similar timelines for deployment of wards.

Manpower , especially trained staff was always going be a challenge.

Gizzmo do you know from what time after the AMISP is awarded a meter contract , does the start whistle blow, and the countdown to expected completion date is activated. I cant believe that the countdown for many of the 100 plus million awarded smart meters so far could have been activated yet, as no one seems to be in a hurry placing orders to sub contractors to get the work moving forward and this is reflected in the monthly meter install statistics. GL Vas

With so many millions of smart meters already awarded to AMISPS ( over 100 m plus) and the like , you would think the successful AMISPS would already know exactly what technology solution and meter manufacturers etc etc they will be employing to complete each award, as each award is bespoke and may need different solutions.

Each AMISP or bidding entity would have needed to cost the entire bid out before applying for each tender, to ensure they were competitive - so the secondary sub contractor required would have been identified, and the follow on awards to sub contractors should follow pretty swiftly.

However, it seems that the secondary bids to the subcontractors is either delayed or on hold across the board or what other reasons can there be for no sub contractor news, this past 6-12 months at least ?

Challenges and Success Story of Bihar 19 Aug 2024

https://www.pppinindia.gov.in/bestpractices/best-practice-detail/smart-metering-with-prepaid-functionality-%E2%80%93-challenges-and-success-story-of-bihar

I read an article about Genus a year ago which was very clear - that any part they use in their products they buy the company so that they have total control over their supply line and costs.

The last i heard was that Genus was given license to manufacture Cyan's solution but did not buy Cyan out!

Ok, Yes. makes total sense if any particular sub contractor is vital enough to a larger entity then they could be taken out going forward...

Do you think that if Cyan sold their IP for their SM solutions in India, or licensed it to a large player , say IntelliSmart for example ..would they be able to keep DIGISmart , who is now an AMISP so to be able to still be involved , have a go at the remaining 100 m opportunities in India ...the future is electric, but later will be gas and water etc etc ...so having an entity able to continue to win awards would be v. beneficial. Just talking aloud , so may be nonsense really .

Gizmo. I'm not sure what you mean. Taken in into who's house ? and any awards to Cyan need to be announced by Cyan. Don't they!

Hi Gizmo. Well done for spotting it. There's not much smart meter news around these days. Whats happened to the subcontractor awards Gizmo....any ideas ? its as if they are being kept back.. It seems ok to announce the AMISP etc awards but not the smaller awards to the subcontractors....

Evening LT.

Amazing $67 billion !! if the gas smart meter market takes off in India over next few years then they will need Smart Gas meters along with the infrastructure as this article explains very well below.

https://indianinfrastructure.com/2024/06/26/transforming-operations-digitalisation-efforts-in-the-cgd-sector/

Thanks for this info LT

GL Vas

Https://nsearchives.nseindia.com/corporate/GENUSPOWER_17082024205548_Investor_release_17_08_2024_signed.pdf

We know that Intellismart is a joint venture between NIIF and EESL with NIIF holding a majority stake in IS of (51%).

The company is a part of the master fund of NIIF, an infrastructure fund that primarily invests in operating assets in the core infrastructure sectors with GoI being the major investor.

The company is also managing operations of these smart metres installed across six states and union territories under a project management consultancy contract with EESL.

Therefore, if IntelliSmart take a majority share holding in Digismart PVT does this mean that the Indian Government, via NIIf , and its subsidiary IntelliSmart will own the majority share in DigiSmart PVT going forward ?

Could this be a strategic move by NIIF to ensure that the technology they will need will be available for years to come in India - not just for electric meters but gas, water and IOT etc

https://www.indiaratings.co.in/pressrelease/69613

Yes, we will always need some to taker profits, so to allow the next leg up. Gives a nice chart.

If the Austria etc roll out is set for September 24, its only 2- 6 weeks away and a significant portion of this latest order should be delivered soon, which will be first revenues! Something I feel will be Celebrated as much as he initial increase in the orders !

I am also expecting more news on the new rollout into either Hong Kong, and maybe South East Asia, possible new orders for manufacture on top of already known orders in Europe and of course the delivery times - which will increase significantly the forecast made for 2025 Final revenues and prove to the market the move into South Asia, along with another 15,000 plus outlets is a real possibility. At this point i think the SP may take off to reflect future revenue and profitability.

i have no idea what will happen when the distributors in the rest Europe including the UK, the USA, South America, Middle East etc are announced.

The next three - six months should be very exciting.

Thank You LT for posting this RNS. Shame it was never published on LSE.

If you go to the link you provided. Then scroll down the page of notes that describe the technical issues , and CC technology presumably. Click on Presentation. Click full page view . There are ten pages. On Page 8 under "Future Potential is states ( of presented technology)

"Will be more beneficial when applying the above digital transformation process in the proposed AMI deployment for ALL 3 crore consumers across Tangedco in Tamil Nadu"

So this article proposes the application of stated technology for all 30 million AMI smart meters across TN. !

Excellent Thanks again GL Vas

https://ratings.skoch.in/2024/07/28/tangedco-tamilnadu-generation-and-distribution-corporation-limited/