#Smart Meters #EDMI Limited #Oceania Region

Major Contracts in Oceania for Smart Meter Solutions

On January 27, 2026, EDMI Limited, a wholly-owned subsidiary of Osaki Electric Industry Co., Ltd., announced it has signed a long-term sales contract for smart meters and solutions with multiple clients across Australia and New Zealand. This major contract is projected to generate more than 55 billion yen over the next five years, starting in FY2026.

Overview of the Orders

The contract encompasses:

• - Total Order Value: More than 55 billion yen, covering sales to multiple clients over five years.
• - Products and Services: EDMI's smart meters and solutions for power measurement, monitoring, and control.
• - Client Confidentiality: Due to confidentiality agreements, the identities of clients cannot be disclosed.

Background of the Contract

The demands for smart meters in the Oceania region are increasing, driven by the rise of renewable energy and the complexity of managing decentralized power sources. In fact,

• - The Australian government is accelerating its push for smart meter adoption, aiming for substantial incorporation by 2030.
• - Meanwhile, New Zealand has seen significant uptake of smart meters since 2008, reaching nearly 100% utilization at present. Future demand is projected from the increasing number of households and continuous updates for installed units.

EDMI has built strong relationships with various customers in the Oceania region over its 35 years of operations, consistently providing meters and related services to power companies and metering operators. They have successfully developed next-generation smart meters, particularly the NEOS, along with its solution platform, NEOS Solution. Orders are expected to commence from July 2025.

This recent contract illustrates the trust clients place in EDMI, recognizing its long-standing operational experience and commitment to high-quality products. The expectation is to enhance the value of future metering businesses through NEOS and NEOS Solution.

By utilizing these platforms, EDMI plans to support real-time visibility and enhance the operational efficiency of the power grid throughout the Oceania region.

NEOS Solution Overview

1. NEOS Smart Meter
The NEOS smart meter deviates significantly from traditional designs, which often vary by region:

• - It operates on a unified design platform, facilitating increased production flexibility. This strategic positioning as a