BEL to provide IoT devices worth Rs 550 cr to US consultant – Ultra News
Bharat Electronics Ltd, the Indian government-run defense electronics maker, said it has entered into a $73 million co-development and manufacturing agreement with a US networking consultant to manufacture and supply Internet of Things devices. or IoT.
The companies didn’t reveal the exact nature of the devices, but said the deal opens the door to follow-on deals worth $365 million over the next five years in the form of device upgrades. product.
BEL said it hoped to supply “hundreds of thousands” of IoT devices over the next five years to the US company.
The deal was with Delaware-based Hyperion Global Group, “an independent communications and related infrastructure consulting firm.”
The company specializes in “telecommunications solutions,” IoT distribution, and infrastructure solutions, according to its website.
IoT refers to adding intelligence and connectivity to previously “dumb” objects, such as machines and components, increasing their efficiency and manageability.
In the IoT space, the company offers embedded solutions, module solutions, custom hardware and software, development and evaluation tools, ODMs, testing and certifications, and expertise and support. RF and wireless technical support.
The American company develops outdoor and indoor coverage solutions for smart cities, manufacturing, distribution, asset tracking and complex multi-site enterprise solutions.
“Hyperion’s next-generation global telecommunications infrastructure devices are poised to revolutionize the way people live, learn, communicate and consume data. This global infrastructure is the key to unlocking unprecedented levels of performance and speed made possible by the combination of IoT and 5G. Hyperion will achieve this by strategically implementing a six-phase strategy to meet customer demands,” BEL said in a statement.
BEL is India’s largest manufacturer of high-end electronics and is primarily seen as a provider of defense electronics solutions.
It manufactures military communications, radars, missile systems, naval systems, electronic warfare and avionics, C4I systems, electro-optics, tank electronics and aircraft systems. firearms/weapons.
“BEL is looking forward to expanding its global presence and the contract with Hyperion is another major step in this direction. Our central research laboratory will be actively working on this project and our regional office in New York, which manages our marketing activities in the United States, will interact closely with Hyperion for the rapid execution of the contract,” the Bangalore-based company said.
He also said the contract combines “Hyperion’s need to provide advanced connectivity solutions with BEL’s world-class engineering and manufacturing capabilities.”