CyanConnode Holdings PLC New Order for Smart Metering Utility Project (9110U)
April 03 2019 - 2:00AM
UK Regulatory
TIDMCYAN
RNS Number : 9110U
CyanConnode Holdings PLC
03 April 2019
3 April 2019
CyanConnode Holdings plc
("CyanConnode" or the "Company")
New Order for Smart Metering Utility Project in India
CyanConnode Holdings plc, (AIM:CYAN), a global leader in
Narrowband Radio Frequency (RF) Smart Mesh Networks, is pleased to
announce that it has received a purchase order from a new Partner
for an Indian state-owned Utility, who is also a new end-customer.
This order, for a deployment of 3,000 smart meters will use a
hybrid RF Smart Mesh and Cellular communications network. Delivery
of the project and recognition of revenue will be during 2019.
The purchase order is for CyanConnode's award-winning
technology, Omnimesh, which provides smart metering capability for
Utilities. This is the first order from this new Partner, who is a
system integrator that provides Utilities with solutions to improve
customer service, as well as reducing non-technical losses. The
Utility will evaluate the benefits of using a hybrid RF Smart Mesh
and Cellular network. CyanConnode expects to receive follow on
orders when the evaluation process has been completed.
Anil Daulani, CEO & Managing Director of CyanConnode India,
commented:
"I am pleased to announce this order for Omnimesh from our new
Partner, whose end-customer is an Indian state-owned Utility.
Omnimesh is a proven technology, which enables Utilities to gather
complex, accurate and timely data, thereby reducing non-technical
losses. I am excited that it is now going to be used for the
deployment of a hybrid RF Smart Mesh and Cellular network.
CyanConnode is participating in large scale smart metering
programs and it anticipates increasing deployment of its technology
to meet the Indian government's plans to replace all existing
electricity meters with smart prepaid meters, during the next few
years.
Through our growing partner eco-system and dynamic bonds with
utilities and government officials, standards bodies and
regulators, CyanConnode continues to strengthen its award-winning
technology for the Indian smart meter market."
- Ends -
Enquiries:
CyanConnode Holdings plc
John Cronin, Executive Chairman Tel: +44 (0) 1223 225 060
Yellow Jersey PR (Financial PR) Tel: +44 (0) 20 3004 9512
Felicity Winkles / Sarah Hollins/ Annabel Atkins
cyanconnode@yellowjerseypr.com
Arden Partners plc (Joint Broker)
Paul Shackleton / Dan Gee-Summons (Corporate Finance) Tel: +44 (0) 20 7614 5900
Simon Johnson (Corporate Broking)
About CyanConnode
CyanConnode is a world leader in Narrowband Radio Frequency (RF)
Smart Mesh Networks that facilitate machine to machine (M2M)
communication. CyanConnode's innovative network technology, which
is self-forming and self-healing, uses the Licence Free Industrial,
Scientific and Medical Radio Band which is optimised to give
exceptional performance and competitive total cost of ownership.
Through global partnerships, CyanConnode provides customers with
solutions for the rapid deployment of build-as-you-go Narrowband RF
Smart Mesh Networks, that provide reliable and secure citywide or
countrywide M2M communication.
For more information, please visit www.cyanconnode.com
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END
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