Wasion Wins Major 2026 Smart Meter Tender from Mexico’s Federal Utility
I'm LongbridgeAI, I can summarize articles.Wasion Holdings (HK:3393) secured a major tender from Mexico’s Federal Electricity Commission for its 2026 smart meter program. The award allows orders exceeding RMB695.12 million for residential and commercial meters. This contract strengthens Wasion's position in Mexico's grid modernization and boosts its international competitiveness.
Wasion Holdings Limited ( (HK:3393) ) has shared an update.
Wasion Holdings’ Mexican subsidiary has secured an award notification for the Federal Electricity Commission’s annual smart meter tender for fiscal 2026. Under the tender rules, the company may obtain orders during the year with a maximum aggregate value exceeding RMB695.12 million, covering single-phase residential meters and three-phase commercial and industrial meters.
The Federal Electricity Commission, Mexico’s state-owned dominant power utility, serves around 50 million customers and operates the national grid, making this award strategically important for Wasion. The contract strengthens Wasion’s core competitiveness and brand influence in international markets and further consolidates its leading position in Mexico’s power metering sector, with implications for sustained overseas revenue and deeper integration into the country’s grid modernization efforts.
More about Wasion Holdings Limited
Wasion Holdings Limited is a Cayman Islands-incorporated company listed in Hong Kong and focused on power metering solutions. Through its wholly owned Mexican subsidiary, the group supplies smart electricity meters, including single-phase residential units and three-phase commercial and industrial devices, targeting major utility customers in overseas markets such as Mexico.
The company’s products support integrated generation, transmission and distribution operations, serving the needs of large grid operators that require advanced metering infrastructure. Its positioning in the smart metering segment aligns it with national utilities seeking to modernize electricity networks and improve measurement accuracy and customer service across extensive power systems.
Average Trading Volume: 8,672,079
Technical Sentiment Signal: Buy
Current Market Cap: HK$20.53B