CyanConnode Holdings PLC New Order for European Utility (3399R)
June 14 2018 - 1:10AM
UK Regulatory
TIDMCYAN
RNS Number : 3399R
CyanConnode Holdings PLC
14 June 2018
CyanConnode Holdings plc
("CyanConnode" or the "Company")
New order for European utility
CyanConnode, the world leader in narrowband radio mesh networks,
announces a purchase order worth EUR184,000 from one of its
existing partners, an industry leader in energy management
solutions, for a smart metering deployment for a European
utility.
The purchase order, which is part of a larger anticipated order
expected to be in excess of EUR800,000, is for the supply of
CyanConnode's narrowband RF mesh communication modules, which will
be integrated with the partner's meters. The order represents
further development of an ongoing project for the utility, which
totals over 250,000 meters deployed to date.
The CyanConnode-enabled meters deliver 24-hour values every day
with two review points, giving a stable performance of 99.75%. The
utility benefits include simplified billing based on accurate
consumption data and enhanced customer service.
John Cronin, CyanConnode Executive Chairman, commented: "We are
pleased to announce this new order from our industry leading
partner - further strengthening our relationship, for an ongoing
significant project in Europe. This expansion validates the global
suitability of CyanConnode's technology that continues to perform
at high levels of service. Furthermore, it demonstrates the
strength of our partnership and the scope for follow on
orders."
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
Paul Cornelius / Nick Rome 8780
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.
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END
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