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BEL to supply $73m of IoT devices to Hyperion
- February 9, 2022
- Steve Rogerson
Indian government owned electronics manufacturer Bharat Electronics (BEL) has won a $73m contract to supply IoT devices to Hyperion, an infrastructure telecommunication distribution company based in the USA.
The contract was signed last month and will see BEL manufacture and supply IoT devices worth $73m to Hyperion during the first year with a provision to negotiate and supply upgrades of products worth $365m in the next five years.
Hyperion’s global telecommunications infrastructure devices are all set to change the way people live, learn, communicate and consume data. This global infrastructure could be key to unlocking performance and speed made possible by the combination of IoT and 5G. Hyperion will accomplish this by implementing a six-phase strategy to meet its customer demands.
The contract pairs Hyperion’s need to provide connectivity with BEL’s engineering and manufacturing capabilities. BEL, said to be India’s leading defence electronics company, is qualified to deliver a durable product to Hyperion, which has a product roadmap and 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 organisations 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, formed in September 2020, is a Delaware limited liability company that operates as an infrastructure telecommunication distribution company. Hyperion’s network will provide both broad outdoor coverage and indoor penetration, making it a connectivity choice for smart cities, manufacturing, distribution, asset tracking and multi-location complex enterprises.