Bharat Electronics Limited (BEL), an Indian government-owned electronics company, has secured a $73 million contract to deliver IoT devices to Hyperion Hyperion Global Group, a US-based infrastructure telecommunications distribution company.
BEL will manufacture and provide IoT devices worth $73 million to Hyperion during the first year of the contract, with the option to negotiate and supply upgrades worth $365 million over the next five years.
Hyperion’s global telecommunications infrastructure devices are expected to revolutionize the way people live, learn, communicate, and consume information. This global infrastructure could be key to unlocking the performance and speed that IoT and 5G can provide. Hyperion plans to do so by developing a six-phase strategy to address customer needs.
Hyperion’s demand for connectivity is combined with BEL’s technical and manufacturing expertise in this deal. BEL is qualified to supply a long-lasting solution to Hyperion, which has a product roadmap and a global expansion strategy in place.
“BEL is happy to be associated with Hyperion Group in being a part of the communication revolution that has taken the world by storm,” said MV Rajasekhar, director of R&D at BEL. “We are hoping to supply lakhs of IoT devices to Hyperion in the next five years.”
Anandi Ramalingam, managing director of BEL, added: “BEL is looking forward to expanding its global footprint and the contract with Hyperion is another major step in that direction. Our central research laboratory will be actively working on this project and our New York regional office, which is handling our marketing activities in the USA, will be closely interacting with Hyperion for the timely execution of the contract.”
And Nick Studebaker, CEO of Hyperion, said: “We are excited to have BEL as our strategic manufacturing partner. We believe that the IoT space will be truly transformative in the way individuals, small to large businesses, municipalities and governmental organizations at the local, regional and national levels communicate. We are looking forward to participating in this exciting opportunity with BEL and its talented and accomplished team.”
Hyperion Global Group is a Delaware limited liability company that works as an infrastructure telecommunication distribution company. It was founded in September 2020. Hyperion’s network will provide both outdoor and inside coverage, making it a good fit for smart cities, manufacturing, distribution, asset tracking, and multi-location complicated companies.
Source: Bharat Electronics Limited (BEL)