CyanConnode Holdings PLC New order from L&T (3672V)
July 23 2018 - 2:00AM
UK Regulatory
TIDMCYAN
RNS Number : 3672V
CyanConnode Holdings PLC
23 July 2018
CyanConnode Holdings plc
("CyanConnode" or the "Company")
New order from L&T for a further 10,000 smart metering units
for India
CyanConnode, the world leader in narrowband radio mesh networks,
announces receipt of a purchase order from Larsen & Toubro
(L&T) for its Optimal technology for 10,000 smart metering
units in India.
As one of the largest meter manufacturers to the Indian utility
sector, L&T is already providing smart meters, enabled by
CyanConnode's Advanced Metering Infrastructure ("AMI") technology.
In May, CyanConnode announced receipt of a 5,000 units order. This
new order brings the total units of CyanConnode's Optimal solution
ordered by L&T to 41,735 to date.
CyanConnode will provide communications hardware, perpetual
software licenses and an annual maintenance contract for the
implementation of its narrowband RF mesh AMI solution for these
10,000 smart meters. The smart meters will be deployed over the
next two months with initial deliveries of CyanConnode's hardware
commencing in August 2018.
During May, CyanConnode also announced receipt of its largest
order to date from L&T, a $3.2m order for its new Omnimesh
standards-based, smart metering solution.
John Cronin, CyanConnode Executive Chairman, commented: "We are
pleased to announce a further order from L&T for a further
10,000 units of Optimal. L&T is one of the longest-standing
partners of our global partner eco-system. Through collaboration,
our proven technology and L&T's reliable metering equipment is
continuing to build momentum in the Indian smart metering
market."
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 the design and development of
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 with reduced total
cost of ownership and Omnimesh delivers standards-based IPv6
solutions, enabling rapid innovation for the implementation of
third party applications. Through global partnerships, 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.
About Larsen & Toubro
Larsen & Toubro is a USD 15 billion technology, engineering,
construction, projects, manufacturing and financial services
conglomerate, with global operations.
The company is engaged in core, high-impact sectors -
infrastructure, construction, defence, hydrocarbon, heavy
engineering, power, aerospace, shipbuilding, electrical &
automation, mining and metallurgy. Its integrated capabilities span
the entire spectrum of 'design-to-deliver', and it offers turnkey
EPC solutions in its major business lines. Its track record covers
products, projects and processes executed to international
benchmarks.
Electrical & Automation is a major business portfolio of
Larsen & Toubro. The business basket of Electrical &
Automation (E&A) contains low and medium voltage switchgear
products, electrical systems, energy meters and automation
solutions. Its products and solutions cater to industry, utility,
building & home, infrastructure and agriculture segments.
For more information, please visit www.larsentoubro.com.
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END
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