kiril - where to from here, page-55

Hi Davidob

My revenue estimate for this financial year is detailed below...comes to a minimum of $13m. Whilst they have used different terminology in the announcements, I have only found the last two announcements difficult to interpret, which probably reflects the facts i.e. a pilot and an entree into a bigger opportunity. However, I could be totally wrong...agree, it would be nice to have a forward projection from the company.

Cheers
PViews

Details of guesstimates are below:

From the investor presentation in late July:
- $7 million of immediate customer orders to be fulfilled and invoiced (at a guess, $5m to $6m this financial year - given $2m was booked thru P&L in second half of 08/09 year in total - thus, $5m to be conservative)

- hot water meter sales for up to $16 million over next 2-3 years (let's say $4m in first year to be conservative)

- Single order of $1.5 million for suite of metering products for large field services group over the next 2 years ($0.5m in first year to be conservative)

- $0.5 million order for remote meter reading
for 4,000 radio endpoints in FY10 following
successful pilot

Post the investor presentation:

- $1.2m over 5 years, yet strategically important. "The contract which includes provision of all metering and
telecommunications hardware and the retailing of the electricity, hot water, phone calls and internet access has a contract value in estimated to be in excess of $1.2M."

- $2m for University of Western Sydney pilot this financial year

- $1m for Hickory "The first development is in Melbourne with almost 200 apartments and is expected to generate revenues of up to $3 million over 5 years."