Business
New Order for Smart Metering Utility Project
New Order for Smart Metering Utility Project.
About this update from Cyanconnode Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 9110U CyanConnode Holdings PLC 03 April 2019 \n\n 3 April 2019\nCyanConnode Holdings plc\n(\"CyanConnode\" or the \"Company\")\n \nNew Order for Smart Metering Utility Project in India\n \nCyanConnode Holdings plc, (AIM:CYAN), a global leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, is pleased to announce that it has received a purchase order from a new Partner for an Indian state-owned Utility, who is also a new end-customer. This order, for a deployment of 3,000 smart meters will use a hybrid RF Smart Mesh and Cellular communications network. Delivery of the project and recognition of revenue will be during 2019.\n \nThe purchase order is for CyanConnode's award-winning technology, Omnimesh, which provides smart metering capability for Utilities. This is the first order from this new Partner, who is a system integrator that provides Utilities with solutions to improve customer service, as well as reducing non-technical losses. The Utility will evaluate the benefits of using a hybrid RF Smart Mesh and Cellular network. CyanConnode expects to receive follow on orders when the evaluation process has been completed.\n \nAnil Daulani, CEO & Managing Director of CyanConnode India, commented:\n \n\"I am pleased to announce this order for Omnimesh from our new Partner, whose end-customer is an Indian st...