Bengaluru : Indian government owned defence PSU Bharat Electronics Limited (BEL) and Hyperion Global Group, LLC, an infrastructure telecommunication distribution company based in the USA, have entered into a contract to develop, manufacture and supply Internet of Things (IoT) devices for the US market.
As per the contract signed on January 21, 2022, BEL will manufacture and supply IoT devices worth US $73 Million to Hyperion during the first year of commencement of supply with a provision to negotiate and supply upgrades of the products, worth US $365 Million, in the next five years. Hyperion’s next generation global telecommunications infrastructure devices are all set 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 accomplish this by strategically implementing a six-phase strategy to meet its customer demands.
The contract pairs Hyperion’s need to provide advanced connectivity solutions with BEL’s world-class engineering and manufacturing capabilities. BEL, as India’s leading defence electronics company, is uniquely qualified to deliver a durable product to Hyperion, USA which has a robust product roadmap and global expansion strategy in place.