Business
New order from L&T
New order from L&T.
About this update from Cyanconnode Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 3672V CyanConnode Holdings PLC 23 July 2018 \n\nCyanConnode Holdings plc\n(\"CyanConnode\" or the \"Company\")\n \nNew order from L&T for a further 10,000 smart metering units for India\n \nCyanConnode, the world leader in narrowband radio mesh networks, announces receipt of a purchase order from Larsen & Toubro (L&T) for its Optimal technology for 10,000 smart metering units in India.\nAs one of the largest meter manufacturers to the Indian utility sector, L&T is already providing smart meters, enabled by CyanConnode's Advanced Metering Infrastructure (\"AMI\") technology. In May, CyanConnode announced receipt of a 5,000 units order. This new order brings the total units of CyanConnode's Optimal solution ordered by L&T to 41,735 to date. \nCyanConnode will provide communications hardware, perpetual software licenses and an annual maintenance contract for the implementation of its narrowband RF mesh AMI solution for these 10,000 smart meters. The smart meters will be deployed over the next two months with initial deliveries of CyanConnode's hardware commencing in August 2018.\n \nDuring May, CyanConnode also announced receipt of its largest order to date from L&T, a $3.2m order for its new Omnimesh standards-based, smart metering solution. \n \nJohn Cronin, CyanConnode Executive Chairman, commented: \"We are pleased to announce a further order from L&T for a further 10,000 units of Optimal. L&T is one of the longest-standing partners of our global partner eco-system. Through collaboration, our proven technology and L&T's reliable metering equipment is continuing to build momentum in the Indian smart metering market.\"\n \n \nEnquiries:\n \n\n\n\n\nCyanConnode Holdings plc\n\n\nTel: +44 (0) 1223 225 060\n\n\n\n\nJohn Cronin, Executive Chairman\n\n\nwww.cyanconnode.com\n\n\n\n\n \n\n\n \n\n\n\n\nFinnCap Ltd (Nomad and Broker)\n\n\nTel: +44 (0) 20 7220 0500\n\n\n\n\nAdrian Hargrave / Giles Rolls (Corporate Finance)\nAlice Lane (Corporate Broking)\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nWalbrook PR (Financial PR)\nPaul Cornelius / Nick Rome\n \n\n\nTel: +44(0) 20 7933 8780\[email protected]\n\n\n\n\n \n\n\n \n\n\n\n\nAbout CyanConnode\nCyanConnode is a world leader in the design and d...