Business
Distribution into UAE & Bahrain smart meter market
Distribution into UAE & Bahrain smart meter market.
About this update from Cyanconnode Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 1425I CyanConnode Holdings PLC 22 November 2018 \n\nCyanConnode Holdings plc\n(\"CyanConnode\" or the \"Company\")\n \nCyanConnode Enters United Arab Emirates and Bahrain smart metering market\n \nCyanConnode, 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.\n \nDS 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.\n \nUnder 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.\n \nThe Gulf Corporation Council (\"GCC\") has estimated that GCC member states may be able to save up to US$ 10 billion in infrastructural investment by 20201, 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.\n \nHarry 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.\n \n\"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...