Business
African Smart Metering Deployment
African Smart Metering Deployment.
About this update from Cyanconnode Holdings Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4756H\n CyanConnode Holdings PLC\n 04 August 2021\n \n \n \n \n 04 August 2021\n CyanConnode Holdings plc\n (\"CyanConnode\" or the \"Company\")\n \n African Smart Metering Deployment\n \n \n \n \n CyanConnode Holdings plc (AIM: CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, is pleased to announce that it has received a contract for a smart metering deployment in Africa\n .\n \n \n CyanConnode will supply 100,000 Omnimesh Modules together with Advanced Metering Infrastructure, Services, Omnimesh Head-End Software, Perpetual License and an Annual Maintenance Contract. \n \n \n \n \n \n The supply of Omnimesh Modules is expected to commence within Q3 2021, with all Modules being supplied within eighteen months. Approximately 90% of revenue will be recognised during the first two years of the contract with the balance being received during the Annual Maintenance Contract, which commences following the 'Go Live' phase.\n \n \n \n \n \n \n John Cronin, Executive Chairman,\n \n \n \n commented\n \n :\n \n \n \"We are delighted to have received this contract from a new customer in a new territory, which is once again testament to CyanConnode's technology. We look forward to working with this new customer to develop our business in Africa.\"\n \n \n \n \n \n \n \n \n - Ends - \n \n \n \n \n \n Enquiries:\n \n \n CyanConnode Holdings plc Tel: +44 (0) 1223 225 060\n \n \n John Cronin, Executive Chairman www.cyanconnode.com \n \n \n \n \nArden Partners plc (Nomad and Broker) Tel: +44 (0) 20 7614 5900\n \n \n Paul Shackleton / Akhil Shah (Corporate Finance)\n \n \n Simon Johnson (Corporate Broking) \n \n \n About CyanConnode\n \n 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.\n \n \n \n \n \n In June 2018, CyanConnode launched its award-winning Omnimesh Advanced Metering Infrastructure (AMI) platform, which has already gained considerable commercia...