NET (ASX) Ann: NET subsidiary iLinkAll VSN implementation &amp; supply agreemen

Originally posted by hoytaedwardo: ↑

As is typical with these NET announcements, we get to play the game of working out exactly what it means, because they never actually make anything clear. Is it software sales? Is it licences? Is it recurring revenue? jcallaway says it is an IOT deal although I am not sure why he/she thinks that.

The announcement's second paragraph appears to be the most informative:

"iLinkAll will provide development and technical services in conjunction with its software to the Project. The VSN software will provide secure remote connectivity of the automation control system and informationmanagement system integration platform for the Project."

Then a bit later:

"The VSN software will continue to be used to securely connect nodes for the ongoing monitoring of water supply and sanitation services."

I like the way they always try to throw a big number into their press releases. The population of Sichuan Province is 81m, apparently. But that does not seem relevant to anything.

My guess is that iSoftStone, as a massive services supplier, has landed the contract to provide the infrastructure for this project. Since they own a bit of iLinkAll it is in their interests to throw their subsidiary a bone occasionally. I think that is what they did last time with the $285,000 which got labelled as licences, and subsequently confused everyone when it failed to recur. This time they have played it a little straighter, calling the payment "development and technical services," although still not actually saying what that might mean.

The VSN software appears to be in the plan for connecting the nodes which monitor the service. That ties in with JT's claim in his interview of "a secure network of several devices." Not 81 million, then.

So my take is that it is a one off consultancy deal thrown NET's subsidiary's way by iSoftStone.

Expand

H
Your surmisal, is a nuanced, industry rich, extrapolation of a very likely scenario, that I could see definitely occurring, your experience is self evident.
I defined it as an IOT demo, because I believe they have pivoted too, the possible utilization of obscuring sensor hard coded node identities, with a technology element, that might claim some providence, to the original IP.
Tim Gooch was aware of this potential, but at the time he was at the firm, he had not inculcated SCADA ramifications into any future architecture, SCADA was the plan in 2016 when Tim left, not sure what the Chinese think, they are more involved in exploiting IOT, than protecting it.
Yes, other, larger and well financed, technology firms address this already, this Forum has remarked on the fact that the version 2.0 IOT market, is well through it’s Hype cycle, but having found the same description of the Project, that others did in their book report, it seemed that this was about Infrastructure, a Project, apparently by the firm’s own disclosure, that was finalized on the 19^th, and able to show NRE capture almost immediately.
Would we all not like clients, that advanced deposited development money, shifting already received money, was supported in your own possible scenario.

Goochi
Thanks for the straight numbers lens you are bringing to the discussion forum, it takes a lot of time to follow a model with this much share overhang.
However, I would appreciate it if you would embrace the same cisnormativity, that is the standard in the tech industry, as H’s experience clearly shows, I am cisgender, can we not leave it at that, and not use triggering words, in tech, non-binary means something.