CyanConnode Holdings PLC Distribution into UAE & Bahrain smart meter market
November 22 2018 - 2:02AM
RNS Non-Regulatory
TIDMCYAN
CyanConnode Holdings PLC
22 November 2018
CyanConnode Holdings plc
("CyanConnode" or the "Company")
CyanConnode Enters United Arab Emirates and Bahrain smart
metering market
CyanConnode, a world leader in narrowband radio frequency ("RF")
Mesh Networks, is pleased to announce that on 19 November 2018 it
signed a distribution agreement with DS Technology DWC LLC ("DS
Technology") (the "Agreement"), as a Systems Integration and
Distribution Partner for the United Arab Emirates ("UAE") and
Bahrain.
DS Technology is an Information Communication Technology (ICT)
infrastructure and services integration company. The company is a
trusted integrator to the Utility, Oil and Gas, Government, Defence
and Telecommunications sectors and focuses on very large-scale
telecommunications and network infrastructure, applications and
services which are designed, deployed and supported by highly
skilled technical and management teams.
Under the terms of the Agreement CyanConnode displaces a
significant competitor. The Agreement also includes various sales
performance milestones. DS Technology will distribute CyanConnode's
RF Mesh Networks, which are self-forming and self-healing, as well
as its revolutionary Ominmesh platform that can manage multiple
communication systems through one management control interface,
thereby significantly reducing complexity and integration
costs.
The Gulf Corporation Council ("GCC") has estimated that GCC
member states may be able to save up to US$ 10 billion in
infrastructural investment by 2020(1) , through the use of
information technology, including smart grids and smart metering.
The GCC estimate provides DS Technology and CyanConnode with an
immense opportunity to work with integrated utilities in the
region.
Harry Berry, CyanConnode's Chief Operating Officer, commented:
"We are excited to announce this Partnership with DS Technology,
who have decided to replace a previous vendor's solution with
CyanConnode's RF Mesh Networks and Omnimesh.
"With DS Technology's established customer base in UAE and
Bahrain, this partnership provides CyanConnode with a quick route
to market. The partnership will maximise sales potential in two new
territories as well as widening the Company's global distribution
channels."
Omar Barzanji, DS Technology's CEO, commented: "As the
integrator of one of the largest Smart Grid deployments in the
region, DS Technology is a market leader who offers highly
innovative and sustainable telecom solutions to its utility
customers.
"DS Technology is delighted that it can now offer its customers
CyanConnode's RF Mesh Networks and Ominmesh solutions, which are
uniquely suited for our regional utilities and in the knowledge
that CyanConnode's technology has been proven by large commercial
scale deployments."
(1)
https://www.middleeastelectricity.com/content/dam/Informa/Middle-East-Electricity/en/pdf/GCC%20Power%20Market%20Report%20-%20Oct17.pdf
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
Ed Frisby / Giles Rolls 0500
Arden Partners plc (Joint Broker) Tel: +44 (0) 20 7614
Paul Shackleton / Dan Gee-Summons (Corporate 5900
Finance)
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 radio frequency (RF)
Mesh Networks that facilitate machine to machine (M2M)
communication. CyanConnode's innovative technology uses the
industrial, scientific, and medical radio band, (ISM), which is
optimised to give exceptional performance and competitive total
cost of ownership. Through global partnerships, CyanConnode
provides customers with a solution for the rapid deployment of
local or countrywide ISM RF Mesh Networks that provide reliable and
secure M2M communication.
For more information, please visit www.cyanconnode.com
About DS Technology DWC-LLC
DS Technology Partners is an ICT, infrastructure and services
integration company. The company is a trusted integrator to the
Telecommunications, Utility, Government, Defence and Oil and Gas
sectors with the regional and domain experience to deliver
technically innovative and complex projects.
Technology Partners focuses on very large-scale
telecommunications and network infrastructure, applications and
services which are designed, deployed and supported by highly
skilled technical and management teams. These solutions are created
from best-of-breed, industry-standard components, acquired through
international partnerships with the world's leading technology
vendors.
As a trusted partner to government and enterprise across the
region, the Company's portfolio of next generation technologies
includes solutions across focus industries, including Utilities,
Telecommunications, Government and Business Solutions.
For more information, please visit
http://www.tpfz.com/company.html
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END
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