# BEL and Hyperion sign $73M IoT device contract

Bharat Electronics Limited (BEL) and US-based Hyperion Global Group signed a $73 million contract for BEL to develop, manufacture and supply IoT devices for the US market, with potential product upgrades worth $365 million over five years.

- Type: Contract
- Announced: 2023-02-26
- Where: Bengaluru, India
- 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

- [techshotsapp.com](https://www.techshotsapp.com/Business/bel-hyperion-signs-contract-worth-73m), 2023-02-26: "Bharat Electronics Limited (BEL), a 'navaratna' company, and US-based Hyperion Global Group, LLC, an infrastructure telecommunication distribution company, signed a contract worth $73M to develop, manufacture, and provide IoT devices for the US market."

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