(TMXO) NOW? 25 years with an estimated value of 100 Million US for the initial hardware only.
At the same time MSI has initiated a Swiss Challenge where MSI provided the bases to the electrical Utility Emelmanabi the requirements for a bid to be tendered in the market to provide further AMR to their entire customer base approx. 190,000 customers. MSI anticipates that bid to be closed in late January 2007, with MSI being awarded this contract. Emelmanabi experiences an energy loss annually of 40 million US and growing at 10% per annum and therefore requires technology such as MSI has showcased/ deployed to monitor and control their electrical distribution and provide in real-time auditable billing of energy consumption in the form of digital data. The additional requirement was to be able to remotely disconnect and reconnect power to the transformer as well as to each customer connected to the primary power. The equipment must be ruggedized and be pole mounted or in an underground vault.
The contract will be for a term of 25 years with an estimated value of 100 Million US for the initial hardware only. The Company is excited to be able to provide this technology to Ecuador in helping to mitigate their electrical energy loss. This business model once installed will be a showcase for the rest of Ecuador and South America furthering MSI's opportunities to extend this technology to other countries and their utilities that have similar requirements.
Management is working to add to its business and is assessing adding to the business plan by partnering up or purchasing identified prospective companies that can deliver voice and data through wireless and satellite as well as emerging technologies to advance the company's Competitive advantage in the BDL sector. However the Company is also assessing more viable opportunities within the current market segment and beyond.
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