My conservative guess is $12m of revenue this financial year...

My conservative guess is $12m of revenue this financial year already achieved, with plenty of revenue booked for following years from the commitments.

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

PLUS, new pilot just announced of $2m this financial year.