Business
Follow-on orders for 10,400 smart meters in India
Follow-on orders for 10,400 smart meters in India.
About this update from Cyanconnode Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 3996I CyanConnode Holdings PLC 19 June 2017 \n\nCyanConnode Holdings plc(\"CyanConnode\" or the \"Company\")\n \nFollow-on orders for a further 10,400 smart meters in India\n \nStrengthened relationship and accelerated roll out at Tata Power Mumbai\n \nCyanConnode Holdings plc (AIM:CYAN.L), the world leader in narrowband radio mesh networks, announces new purchase orders for 10,400 smart meters from Larsen & Toubro (\"L&T\"), which expand the deployment of CyanConnode's smart metering solution at Tata Power Mumbai (\"Tata Power\").\n \nThe latest purchase orders from L&T, for CyanConnode's Advanced Metering Infrastructure (\"AMI\") solution, are part of a framework agreement between Tata Power and L&T, announced in December 2016. The framework agreement enables Tata Power to 'call off' further deliveries quickly throughout the year without going through a full procurement process. This latest follow-on orders further strengthens the Company's existing relationships with Tata Power and L&T.\n \nCyanConnode will provide communications hardware and software for the implementation of its narrowband RF mesh AMI solution for 10,400 smart meters for Tata Power consumers in Mumbai, bringing the total orders to date to 25,100. CyanConnode's AMI technology provides bidirectional communication between Tata Power's meter data management system and its consumers' meters, enabling automated meter reading, regular and accurate billing as well as providing customers with energy consumption information. \n \nTata Power continues to expand and now has over 2.6 million consumer customers, including over 670,000 in Mumbai. In 2016, they were awarded the distribution franchise for Jamshedpur circle from the Jharkhand State Electricity Board (JSEB).\n \nJohn Cronin, CyanConnode Executive Chairman, commented: \"These orders further demonstrate the progress the Company is making in the Indian market as well as the success of its scalable business model. We provide partners with world class support, transferring our expertise to facilitate customer ownership and increase customer loyalty. Furthermore, the sustained expansion at Tata Power Mumbai, validates the suitability of CyanConnode's optimised narrowband mesh network technology for the Indian market and provid...