CyanConnode Holdings PLC Industry recognition for rapid growth

TIDMCYAN

CyanConnode Holdings PLC

20 November 2017

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Industry recognition for rapid growth

Named fastest growing tech company in the Cambridge and East region

Recognised as fastest growing technology company in UK Telecommunications sector

CyanConnode, the world leader in narrowband RF networks for Omni Internet of Things (IoT) communications, has been named the fastest growing tech company in the Cambridge and East region of the Deloitte UK Technology Fast 50 2017 and has been ranked in 22(nd) place in the UK.

CyanConnode was also recognised as the fastest growing technology company in the UK Telecommunications sector. This growth reflects the delivery of customer orders in India as well as the expansion of global reach and portfolio through the acquisition of Connode, in July 2016. The UK Fast 50 is one of the UK's foremost technology awards programmes. Now in its 20th successful year, it is an acknowledgement of the 50 fastest-growing technology companies in the UK.

John Cronin, CyanConnode Executive Chairman, commented: "In a highly dynamic market, it is a great achievement to be recognised at the top of the pack for technology companies within the UK. Through the effective leverage of the Company's technical competence, along with its ability to forge strategic partnerships with leading industry participants and a customer-centric approach, CyanConnode has successfully deployed smart metering in highly competitive business environments.

"In 2017, the Company has announced customer wins in Europe and Asia, and it has turned out to be an excellent year for CyanConnode and its partners. Full rollout of existing contracts alone would create a significant revenue stream and drive profitability, and CyanConnode is at the start of a very large wave of both smart metering and IoT deployments."

David Cobb, lead partner, Deloitte UK Technology Fast 50 and Technology Fast 500 EMEA Programmes commented: "The Deloitte Technology Fast 50 shines a spotlight on the UK's fast-growing technology companies and is internationally recognised as being one of the most important business awards in the sector".

Enquiries:

 
 CyanConnode Holdings plc                 Tel: +44 (0) 1223 225 
                                           060 
 John Cronin, Executive Chairman          www.cyanconnode.com 
 
 FinnCap Ltd (Nomad and Broker)           Tel: +44 (0) 20 7220 
                                           0500 
 Adrian Hargrave/Giles Rolls (Corporate 
  Finance) 
  Alice Lane (Corporate Broking) 
 
 Walbrook PR (Financial PR)               Tel: +44 (0) 20 7933 
                                           8780 
 Paul Cornelius / Nick Rome               cyanconnode@walbrookpr.com

About CyanConnode

CyanConnode is a world leader in narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications. Its innovative solutions use sub GHz frequencies and are optimised for exceptional performance. Optimal solutions provide end-to-end quality of service and total cost of ownership and 6LoWPAN delivers standards-based IPv6 solutions, enabling rapid innovation for the implementation of 3(rd) party applications. Through its global partner eco-system, CyanConnode provides customers with the flexibility and choice required to converge networks for applications in smart cities and IoT, delivering increased customer value. For more information, please visit www.cyanconnode.com.

For more information, please visitwww.cyanconnode.com.

About Deloitte

In this press release references to "Deloitte" are references to one or more of Deloitte Touche Tohmatsu Limited ("DTTL") a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms.

Deloitte LLP is a subsidiary of Deloitte NWE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.

The information contained in this press release is correct at the time of going to press.

For more information, please visit www.deloitte.co.uk.

About the Deloitte UK Technology Fast 50

The Deloitte UK Technology Fast 50 is one of the UK's foremost technology award programmes. Now in its twentieth year, it is a ranking of the country's 50 fastest-growing technology companies, based on revenue growth over the last four years. The UK Fast 50 awards are all about growth driven by leading intellectual property and are a celebration of innovation and entrepreneurship. The UK Technology Fast 50 is part of an international programme run by Deloitte and qualifying entrants of the UK Fast 50 will be put forward to the Deloitte Technology Fast 500 EMEA (Europe, Middle East and Africa) programme. Previous winners have come from across the UK, are both large and small, and included some of the most dynamic players in all areas of technology, from internet specialists to biotech, digital media technology to life sciences, computers to semiconductors and software to telecommunications.

For more information visit www.fast50.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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November 20, 2017 02:30 ET (07:30 GMT)

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