"The project has a potential value of more than US$1.2 million and will be deployed in 11 pilot locations during Q4 2017 and Q1 2018, with broader deployments to follow later in 2018."
I think this could also be interpreted as the whole project is worth US$1.2 and will consist of a pilot this year and the rest next year. I think they'd be more explicit if they were expecting $20m.
Of course, it's still great news. It may be a relatively small project now, but if you consider the whole project as a well-paid proof of concept then the future looks bright.
Ann: September Quarter Update, page-30
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