PTA-IRE

OpenLimit Holding AG: Group Interim Report during the first half of 2015 - Seite 2

The major developments relating to the company's technology portfolios are described below:

Konnektor

One particular focus of development activity in the first three months of the financial year was the continuation of work on the Konnektor as part of the development contract awarded by T-Systems to OpenLimit. The Konnektor facilitates a secure connection between the local systems of the players in the healthcare system and the central telematics infrastructure as well as selected services within the context of the processing of electronic documents and files, e.g. by means of electronic signatures and encryption. To support the primary system manufacturers for card readers and specialist applications, OpenLimit regularly makes available the current development version of the Konnektor. Fulfillment of the main order will take until the end of 2015. Since the beginning of implementation of the whole order in 2014, OpenLimit has generated revenues in the solid 7-digit range. At present, several change requests are being coordinated, the realization of which would extend into 2016. With the nationwide rollout expected from mid-2016 onwards (subject to the passing of the associated law), OpenLimit will moreover generate revenues from the sale of Konnektors.

Smart Meter Gateway

As a guarantor of secure communication between local electricity meters and the energy provider, the Smart Meter Gateway is a crucial component in the implementation of the amended Energy Act in Germany. In the first quarter, development of the SMGWs in collaboration with Power Plus Communications AG (PPC) was continued according to plan. The shared goal of PPC and OpenLimit is to present one of the first certified SMGWs in Germany. A significant highlight in the first quarter of the year was the E-world trade fair in February. Here, PPC and OpenLimit presented their latest SMGW for the first time. The team showcased the latest FNN-compliant SMGWs with integrated telecommunications module for broadband power line, mobile or Ethernet communication. A total of 19 partners presented the OpenLimit / PPC SMGW at their stands, including Bosch, Co.met, Cuculus, Easymeter, Elster, E.ON Metering, Iskraemeco, itron, NLI, Robotron, Schleupen, Siemens, SmartOptimo, Thüga, Voltaris and Worldline. The implementation of several pilot projects also continued according to plan. Also in February, the Federal Ministry for Economic Affairs and Energy (BMWi) announced in a seven-point white paper plans for the rollout of intelligent metering systems for the electricity market in Germany. From 1 January 2017, the systems should be rolled out with an SMGW (as developed by OpenLimit and partner Power Plus Communications) for certain user groups. Crucial for the rollout will be the framework conditions of the associated ordinances, which are scheduled to come into effect in 2015. Until the introduction of the SMGWs, revenues will be generated primarily from the realization of pilot projects, albeit on a small scale.