wins major supply contract smart metering

13-May-2013 - NetComm Wireless Limited (ASX: NTC), has been selected
by SP AusNet, through their integration partner Ericsson, to supply the 3G communications card component for the Victorian Government’s mandatory state-wide rollout of smart meters.

The initial order will represent revenue of AUD $12.5 million to NetComm Wireless.

The vast majority of this revenue will be earned by the third quarter of FY14.

SP AusNet, a major utility provider in Australia, will manage the replacement of existing mechanical meters with digital “smart” meters across northern and eastern Victoria. The 3G communications card designed by NetComm Wireless was purpose built to interoperate with SP AusNet’s preferred smart meter provider, Landis+Gyr.