Bangalore: Defense PSU Bharat Electronics Limited (Bel) said on Thursday it had signed a contract with Hyperion Global Group, a telecommunications distribution company based in the US infrastructure, to develop and supply Internet devices (IOT) for the US market.
Under the contract, Bel will manufacture and supply the IOT device valued at $ 73 million for Hyperion during that first year with provision to negotiate supply and supply enhancement products, valued at $ 365 million, in the next five years.
“The device infrastructure global telecommunications global next generation is set to revolutionize the way people live, learn, communicate, and consume the data, global infrastructure is the key to unlock the levels of performance and speed unprecedented in combination with IOT and 5G.
Hyperion will achieve this by implementing six-phase strategy is positioned to meet customer demand, “the statement read Bel.
Contract, PSU added, install Hyperion needs to provide advanced connectivity solutions with engineering and manufacturing capabilities Bel.
“As an electronics company Indian defense leading, Bel qualified uniquely situated to provide a durable product to Hyperion, which has a product road map that is strong and global expansion strategy.
The contract was signed last Friday (21 January) by the Regional Office Bel’s New York and Hyperion, “the statement read.
MV Rajasekhar, Director of R & D, Bel, said Bel wish to supply lakh IOT devices to Hyperion within the next five years.
Bel CMD Anandi Ramalingam, said: “Bel hopes to expand its global footprint and contract with Hyperion is another big step in that direction.
Laboratory studies central we will be actively working on this project and the Regional Office New York we, who handles our marketing activities in the US , will interact with Hyperion for timely execution of the contract.
“Hyperion CEO Nick Studebaker, while stating that the company they are eager to have a bell as a strategic manufacturing partner, said:” …
We believe the space IOT will be truly transformative in the way people , small to large businesses, business, and government organizations at local, regional, national and communicate.
We are looking forward to participate in this exciting opportunity with Bel and his team of talented and accomplished.
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