Business
New Order for Smart Metering Project in India
New Order for Smart Metering Project in India.
About this update from Cyanconnode Holdings Plc
[{"type":"text","content":"\n \n \n \n \n \n 10 May 2022\n \n \n \n CyanConnode Holdings plc\n \n \n \n (\"CyanConnode\" or the \"Company\")\n \n \n \n \n \n \n \n \n First Order From IntelliSmart\n \n \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 its first order from IntelliSmart Infrastructure Pvt Ltd (IntelliSmart), for a smart metering deployment in Assam, India\n .\n \n \n Under the purchase order, CyanConnode will supply 100,000 Omnimesh Modules together with advanced metering infrastructure, standards-based hardware, services, Omnimesh head-end software, perpetual license and an annual maintenance contract.\n \n \n \n \n \n The supply of Omnimesh Modules has already commenced and the contract will be completed within 30 months under a DBFOOT (Design, Build, Finance, Own, Operate, Transfer) model.\n \n \n \n \n \n \n John Cronin, Executive Chairman of CyanConnode,\n \n \n commented\n \n :\n \n \n \"We are delighted to have received our first order from IntelliSmart, which is a direct result of our continued association since last year and in line with our expectations. IntelliSmart is the first service provider to use the DBFOOT model and it has also installed the first smart prepaid meter in India under the RDSS (Revamped Distribution Sector Scheme).\n \n \n \n \n \n The Indian smart metering market is scaling up to deliver 250 million smart prepaid meters and I believe that CyanConnode's technology, together with its ability to deliver projects on time and within budget, will stand it in good stead for the future.\"\n \n \n \n \n \n \n Anil Rawal, MD & CEO of Intellismart,\n \n \n commented\n \n :\n \n \n \"IntelliSmart is making history as the organisation that is implementing the country's first smart metering project under the Government of India's Revamped Distribution Sector Scheme (RDSS).\n \n \n \n \n \n State electricity distribution companies have understood the benefits of smart meters, mainly in terms of controlling power, theft and efficient billing and collections. Intellismart has marked its footprint in Assam by installing the first prepaid meter on 26 April 2022, marking the first RDSS meter of the country.\n \n \n \n \n \n We are pleased to be partnering with CyanCo...