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Heliocentris Energy Solutions AG: Heliocentris receives major order from Myanmar

DGAP-News: Heliocentris Energy Solutions AG / Key word(s): Incoming
Orders
Heliocentris Energy Solutions AG: Heliocentris receives major order
from Myanmar

14.04.2014 / 09:19

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Heliocentris receives major order from Myanmar

Heliocentris has received its largest single purchase order since the
company's foundation in 1995. The order comprises the delivery and
installation of hybrid power solutions for the build-out of 150 mobile base
stations in Myanmar and has a value of USD 4-6 million depending on the
exact site configuration to be delivered and installed within the next 3-4
months.


Berlin, 14th of April 2014 - Heliocentris Energy Solutions AG, a leader in
solutions and services for energy efficiency and distributed power systems,
announced today that it has received a firm purchase order to deliver and
install 150 turnkey hybrid power solutions for the build-out of the new
mobile network in Myanmar. The power solutions comprise Heliocentris'
proprietary Energy Management System and also include diesel generators,
batteries, power electronics, cabinets and peripheral material from other
leading power components suppliers. The order will be worth USD 4-6 million
in revenues and will ship over the next 3-4 months.

Ayad Abul-Ella, CEO of Heliocentris, said: "We are very excited and
extremely proud to have been awarded this order, which is by far our
largest to date. After Telenor SA from Norway and Ooredoo from Qatar have
been awarded 15-year-licenses to operate the mobile phone network in
Myanmar in June 2013, the two mobile operators have now started their
initial rollout phases which entail the construction of more than 2.000
mobile base stations within the next 12 months. The towers for these mobile
base stations will be installed and operated by tower companies such as
Apollo Towers and Irrawaddy Green Towers and require highly efficient power
solutions for a variety of configurations reaching from on-grid to bad-grid
and off-grid sites. Participating in the roll-out from its initial phase
creates an outstanding opportunity for Heliocentris to gain a significant
share in the coming build-out of the mobile networks in Myanmar."

Myanmar is one of the few remaining telecommunications frontiers, with only
10% of its 60 million people holding a mobile-phone subscription, according
to industry estimates. That compares to penetration rates of 70% in
Cambodia, 90% in Laos and over 100% in Thailand. According to official