CyanConnode Holdings PLC Contract Wins (2533R)
December 08 2016 - 1:00AM
UK Regulatory
TIDMCYAN
RNS Number : 2533R
CyanConnode Holdings PLC
08 December 2016
CyanConnode Holdings plc
("CyanConnode" or the "Company")
Contract Wins
CyanConnode Expands Scandinavian Projects with E.ON, as part of
one of the first smart city projects in Sweden, and Landis+Gyr
CyanConnode (AIM: CYAN), the world leader in narrowband RF
networks for Omni Internet of Things (IoT) communications,
announces a purchase order for a Panmesh smart metering pilot
project in Sweden from E.ON as well as a new order worth EUR230,000
from Landis+Gyr for a project in Finland.
E.ON:
The order is comprised of CyanConnode gateways to enable its
IPv6 6LoWPAN Panmesh solution in Hyllie, a new sustainable city
district of Malmö, Sweden. CyanConnode's standards-based Panmesh
will support the initial pilot implementation of 400 smart
electricity meters across the district.
Panmesh is designed to support single and multi-application
networks, delivering a versatile solution for current and future
customer needs. As part of the Hyllie project, E.ON plans to add
other smart city services to the pilot implementation, for example
smart lighting control, environmental sensors and waste management
solutions to become a full IoT implementation. E.ON is responsible
for the distribution of power, gas and heat, serving about 1
million customers in Sweden.
John Cronin, CyanConnode Executive Chairman, commented: "We are
pleased to announce this Panmesh smart metering pilot project from
E.ON. CyanConnode has been working with this utility in Sweden
since 2006, delivering a robust communication solution, based on
the legacy C3 product, which meets all Service Level
Agreements.
"This is exciting for the Company as this will be the first
project where the customer will deploy the full CyanConnode
IPv6-based Panmesh solution as an evolution of their existing C3
deployment. Sweden is a leader in sustainability and the customer's
focus is to support customers and communities to regulate their own
energy consumption. This implementation is further evidence of
CyanConnode's suitability for the European and global markets,
providing an improved customer experience. We remain optimistic
about the opportunity to roll out our standards-based solution as
we further enhance our geographic reach."
Thomas Pehrsson, E.ON Project Manager, commented: "We are
committed to supplying energy-efficient solutions and helping our
customers and their communities become more sustainable.
CyanConnode's narrowband RF mesh technology provides E.ON with a
complementary solution to support cellular networks as well as a
city-wide network to connect multi-application devices at a low
cost of ownership."
In 2011, the City of Malmo and E.ON signed a Climate Contract
for Hyllie. Under the contract, they will jointly undertake to lay
the foundation for Hyllie to become the Oresund region's most
climate-smart city district and a global benchmark for sustainable
urban development. When Hyllie is fully developed around 2030, the
area is intended to comprise around 9,000 homes and nearly as many
workplaces.
Landis+Gyr:
The new order is for CyanConnode's legacy C3 solution, which has
been rolled out in volume at a large utility company in Finland
since 2009, and this is a follow-on order worth EUR 230,000 for a
further extension. The order will commence delivery in early 2017,
with all deliveries complete by the end of the first half of
2017.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). This inside
information is now considered to be in the public domain.
Enquiries:
CyanConnode Holdings plc Tel: +44 (0) 1223
225 060
John Cronin, Executive Chairman www.cyanconnode.com
Cantor Fitzgerald Europe - Tel: +44 20 7894
Nomad and Broker 7000
Andrew Craig / Richard Salmond
Beaufort Securities Limited Tel: +44 (0) 20
- Joint Broker 7382 8300
Jon Belliss
Walbrook PR - Financial PR Tel: +44(0) 20 7933
8780
Paul Cornelius / Nick Rome cyanconnode@walbrookpr.com
About CyanConnode
CyanConnode is a world leader in narrowband RF mesh networks
that enable Omni Internet of Things (IoT) communications. Its
innovative solutions use sub GHz frequencies and are optimised for
exceptional performance. Ultimesh solutions provide end-to-end
quality of service and total cost of ownership and Panmesh delivers
standards-based IPv6 solutions, enabling rapid innovation for the
implementation of 3rd party applications. Through its global
partner eco-system, CyanConnode provides customers with the
flexibility and choice required to converge networks for
applications in smart cities and IoT, delivering increased customer
value.
For more information, please visit www.cyanconnode.com.
About E.ON
E.ON Sweden is part of the international E.ON Group, which is
one of the world's largest privately and investor owned utilities.
As utility company, our mission is to contribute in building a
sustainable society. E.ON Sweden invests in sustainable energy
production and distribution and in development projects related to
customer solutions, sustainable cities and sustainable
transport.
For more information, please visit www.eon.com/se
About Landis+Gyr
Landis+Gyr is the leading global provider of integrated energy
management solutions for the utility sector. Offering the broadest
portfolio of products and services to address complex industry
challenges, the company delivers comprehensive solutions for the
foundation of a smarter grid including; smart metering,
distribution network sensing and automation tools, load control,
analytics and energy storage. Landis+Gyr operates in 31 countries
across five continents as an independent growth platform of the
Toshiba Corporation (TKY:6502) and is also 40% owned by the
Innovation Network Corporation of Japan (INCJ). With annualized
sales of more than US$1.5 billion, the company employs 5,700 people
with the sole mission of helping the world manage energy better.
More information is available at landisgyr.com
For more information, please visit http://www.landisgyr.com/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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