Business
Contract in the Middle East and North Africa
Contract in the Middle East and North Africa.
About this update from Cyanconnode Holdings Plc
[{"type":"text","content":"\n\n \n05 August 2025\nCyanConnode Holdings plc\n(\"CyanConnode\" or the \"Company\")\n \nContract in the Middle East and North Africa (MENA)\n \nCyanConnode Holdings plc (AIM: CYAN), a global provider of IoT communication and smart metering solutions, is pleased to announce that it has received a follow-on order worth over AED 5.8m (£1.2 million) for cellular gateways in the Middle East and North Africa (MENA) region.\nThis latest award forms part of an expanding multi-year deployment, which began with an initial order announced on 4 August 2022, followed by further scaling through a Letter of Award announced on 28 October 2024. Under the terms of this latest contract, the Company will supply its cellular gateways to support the rollout of smart electricity metering infrastructure. All equipment under this order is scheduled for delivery within the current financial year ending 31 March 2026, with revenue to be recognised accordingly.\n \nJohn Cronin, Group CEO, commented:\n\"We are delighted to have received a further follow-on order for this project in the MENA region. It builds on the momentum from our 2022 initial contract and the 2024 expansion, strengthening our strategic partnership with the client. This order enhances revenue visibility and supports our global growth trajectory.\"\n \n \n- Ends -\n \nEnquiries:\n\nCyanConnode Holdings plc Tel: +44 (0) 1223 865 750\nJohn Cronin, Executive Chairman www.cyanconnode.com\n Strand Hanson Limited (Nominated and Financial Adviser)  ...