CyanConnode Holdings PLC New Order From L&T (6040P)
May 30 2018 - 1:01AM
UK Regulatory
TIDMCYAN
RNS Number : 6040P
CyanConnode Holdings PLC
30 May 2018
CyanConnode Holdings plc
("CyanConnode" or the "Company")
New order from L&T for a further 5,000 smart meters in
India
CyanConnode, the world leader in narrowband radio mesh networks,
announces receipt of a purchase order from Larsen & Toubro
(L&T) for a 5,000 unit smart metering deployment for a new
customer in India.
The significance of this purchase order from L&T, for
CyanConnode's Advanced Metering Infrastructure ("AMI") solution, is
that it is the first phase of a 20,000 unit project for a new
customer. L&T require the first 4,000 units within the next
month.
CyanConnode will provide communications hardware and software
for the implementation of its narrowband RF mesh AMI solution for
5,000 smart meters. As one of the largest meter manufacturers to
the Indian utility sector, L&T is already providing smart
meters, enabled by CyanConnode's AMI technology, to Tata Power in
Mumbai. This order brings the total units ordered by L&T to
31,735.
Last week CyanConnode announced receipt of a $3.2m order from
L&T, its largest order to date from this strategic partner,
further strengthening the relationship with L&T. These recent
orders also demonstrate the suitability of CyanConnode's proven
technology for the Indian market as well as the growing demand for
its range of products.
John Cronin, CyanConnode Executive Chairman, commented: "We are
pleased to announce an order, for a new customer, from our
strategic partner, L&T. The order not only validates the
strength of our partnership with L&T but also the potential
opportunity offered by the smart metering market in India."
Enquiries:
CyanConnode Holdings plc Tel: +44 (0) 1223 225
060
John Cronin, Executive Chairman www.cyanconnode.com
FinnCap Ltd (Nomad and Broker) Tel: +44 (0) 20 7220
0500
Adrian Hargrave / Giles Rolls (Corporate
Finance)
Alice Lane (Corporate Broking)
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. Optimal solutions provide end-to-end
quality of service and total cost of ownership and IPv6 6LoWPAN
delivers standards-based IPv6 solutions, enabling rapid innovation
for the implementation of 3(rd) 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 Larsen & Toubro
Larsen & Toubro is a USD 15 billion technology, engineering,
construction, projects, manufacturing and financial services
conglomerate, with global operations.
The company is engaged in core, high-impact sectors -
infrastructure, construction, defence, hydrocarbon, heavy
engineering, power, aerospace, shipbuilding, electrical &
automation, mining and metallurgy. Its integrated capabilities span
the entire spectrum of 'design-to-deliver', and it offers turnkey
EPC solutions in its major business lines. Its track record covers
products, projects and processes executed to international
benchmarks.
Electrical & Automation is a major business portfolio of
Larsen & Toubro. The business basket of Electrical &
Automation (E&A) contains low and medium voltage switchgear
products, electrical systems, energy meters and automation
solutions. Its products and solutions cater to industry, utility,
building & home, infrastructure and agriculture segments.
For more information, please visit www.larsentoubro.com.
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END
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