CyanConnode Holdings PLC CyanConnode signs MoU with Hexing
August 05 2019 - 2:00AM
RNS Non-Regulatory
TIDMCYAN
CyanConnode Holdings PLC
05 August 2019
5 August 2019
CyanConnode Holdings plc
("CyanConnode" or the "Company")
CyanConnode signs MoU with Hexing
CyanConnode Holdings plc (AIM: CYAN), a world leader in
Narrowband Radio Frequency (RF) Smart Mesh Networks, is pleased to
announce that it has signed a Memorandum of Understanding (MoU)
with Hexing Electrical Co. Ltd (Hexing).
Hexing, established in 1992, is a multi-national manufacturing
company that supplies Utilities in more than 80 countries across
the world, with headquarters in Hangzhou, China.
CyanConnode and Hexing have agreed to collaborate and deliver
smart metering solutions in certain territories. As part of the
collaboration, Hexing will integrate CyanConnode's RF Modules with
its meters and CyanConnode's Omnimesh Advanced Metering
Infrastructure (AMI) platform with Hexing's Meter Data Management
System (MDMS), to create a cost-effective turnkey solution.
Bjorn Lindblom, Chief Commercial Officer, CyanConnode,
commented:
"I am very pleased to announce that CyanConnode will be working
with Hexing, who have a wealth of experience in delivering
solutions to Utilities in more than 80 countries around the
world.
"The Memorandum of Understanding will expand CyanConnode's
geographical reach and introduce its products and services to new
customers."
Fan Jianqing, GM of International Trade Department, Hexing,
commented: "As a leading provider of advanced metering
infrastructure, we are pleased to offer CyanConnode's IPv6-based
Omnimesh solution as part of Hexing's portfolio. CyanConnode's RF
Mesh technology provides a cost-effective, scalable communication
network that can be integrated and deployed with ease."
In a recent report from MarketsandMarkets, revenue in the global
smart meters market is expected to grow from $12.79 billion in 2017
to $19.98 billion by 2022, with Asia-Pacific estimated to be the
fastest growing market*.
*https://www.marketsandmarkets.com/Market-Reports/smart-meter-366.html
- Ends -
Enquiries:
CyanConnode Holdings plc Tel: +44 (0) 1223 225
John Cronin, Executive Chairman 060
www.cyanconnode.com
Yellow Jersey PR (Financial PR) Tel: +44 (0) 20 3004
Felicity Winkles / Sarah Hollins/ 9512
Annabel Atkins cyanconnode@yellowjerseypr.com
Arden Partners plc (Broker and Nomad) Tel: +44 (0) 20 7614
Paul Shackleton / Dan Gee-Summons (Corporate 5900
Finance)
Simon Johnson (Corporate Broking)
About CyanConnode
CyanConnode (AIM:CYAN.L), is a world leader in Narrowband Radio
Frequency (RF) Smart Mesh Networks, which are used for machine to
machine (M2M) communication. As well as being self-forming and
self-healing, CyanConnode's RF Smart Mesh Networks are designed for
rapid deployment, whilst giving exceptional performance and
competitive total cost of ownership.
In June 2018, CyanConnode launched its award-winning Omnimesh
Advanced Metering Infrastructure (AMI) platform, which has already
gained considerable commercial traction, especially in India which
is a key market for the Company.
Through a Global partner eco-system, which is vendor agnostic,
CyanConnode has several routes to market, therefore it is well
positioned to capitalise upon increasing Global demand for smart
metering solutions.
For more information, please visit www.cyanconnode.com
About Hexing
Hexing, established in 1992, is a multi-national company
offering a variety of electrical equipment and relevant solutions
to global power utilities.
With more than two decades of industry experience, Hexing is
dedicated to developing a customised, sustainable ecosystem for
energy distribution companies including micro-grid with renewable
energy, distribution automation and smart meter to cash collection
resulting in effective revenue protection.
Today, more than 80 countries around the world are utilising
Hexing products and solutions for a better tomorrow.
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
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contact rns@lseg.com or visit www.rns.com.
END
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