# BEL signs $73M IoT device supply contract with Hyperion for US market

Bharat Electronics Ltd (BEL) and Hyperion Global Group LLC entered into a contract for BEL to develop, manufacture, and supply IoT devices worth $73 million to Hyperion for the US market, with potential for $365 million in upgrades over five years.

- Type: Contract
- Announced: 2022-02-15
- Where: United States, United States
- Value: $73.0M
- Status: announced
- Products: IoT devices
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Bharat Electronics Limited](https://endata.com/companies/22318.md) (supplier)
- [Hyperion Global Group](https://endata.com/companies/60623.md) (customer)

## Sources

- [eetindia.co.in](https://www.eetindia.co.in/bel-inks-73m-contract-with-hyperion-for-supply-of-iot-devices-to-the-us/), 2022-02-15: "BEL will manufacture and supply IoT devices worth $73 million to Hyperion during the first year of commencement of supply"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.