12 February 2024
CyanConnode Holdings
plc
("CyanConnode" or
the "Company")
Significant New Letter of Award For
Thailand Utility
CyanConnode Holdings plc (AIM:
CYAN), a world leader in narrowband radio frequency (RF) mesh
networks, is pleased to announce a
significant Letter of Award (LOA) from its partner, the JST Group
(JST), for 101,360 Omnimesh Cellular Modules (CNICs). This LOA
builds upon the ongoing deployment and previous orders of Omnimesh
RF Modules, Gateways, and 206,735 Omnimesh perpetual software
licenses, awarded between 2019 and 2021, for a project in
Thailand.
The LOA is also the largest received
to date for CyanConnode's CNICs, an IPv6 Standards-Based product
engineered for seamless integration with CyanConnode's Head-End
System (HES). The HES communications architecture enables both RF
Mesh and Cellular connections. Deployment of the Omnimesh CNICs
will commence in the first quarter of FY25.
John Cronin, Executive Chairman of CyanConnode,
commented:
"I am pleased to announce this
latest LOA from JST, which not only broadens our engagement in the
Thai market but also demonstrates the expansion of our Omnimesh
product range to include a standards-based cellular solution. This
important development, with a standards-based cellular product,
gives our HES both RF and Cellular capability."
Derek Stamp, CEO of JST, commented:
We are pleased with the continued
success with CyanConnode on a project in Thailand which has
resulted in a groundbreaking product that has met the demands of
its deployment environment. JST's partnership with CyanConnode
underscores our commitment to leveraging cutting-edge technology to
address the unique challenges and opportunities presented by the
Thai market.
- Ends -
Enquiries:
CyanConnode Holdings
plc
Tel: +44 (0) 1223 865 750
John Cronin, Executive
Chairman
www.cyanconnode.com
Strand Hanson Limited (Nominated and
Financial
Adviser)
Tel: +44 (0) 20 7409
3494
James Harris / Richard Johnson / David
Asquith
Zeus Capital
Limited (Broker)
Tel: +44 (0) 20 3829
5900
Simon Johnson / Louisa Waddell
About
CyanConnode
CyanConnode (AIM:CYAN.L), is a world
leader in Narrowband Radio Frequency (RF) Smart Mesh Networks,
which are used for machine to machine (M2M) communication. As
well as being self-forming and self-healing, CyanConnode's RF Smart
Mesh Networks are designed for rapid deployment, whilst giving
exceptional performance and competitive total cost of
ownership.
CyanConnode's award-winning Omnimesh
Advanced Metering Infrastructure (AMI) platform has gained
considerable commercial traction, especially in India which is a
key market for the Company.
Through a Global partner eco-system,
which is vendor agnostic, CyanConnode has several routes to market,
therefore it is well positioned to capitalise upon increasing
Global demand for smart metering solutions.
For more information, please
visit www.cyanconnode.com
About The JST
Group
The JST Group is an independent group of wholly owned
Thai service and supply companies, with over 40 years' experience
in Thailand and South East Asia. JST Group has developed a flexible
organization structure to provide locally-based and managed
specialist services to meet emerging customer requirements.
For more information, please visit
http://www.jst-group.com/
The information contained within
this announcement is deemed to constitute inside information for
the purposes of Article 7 of EU Regulation 596/2014 (Market Abuse
Regulations) which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018. Upon publication of this announcement,
this inside information is now considered to be in the public
domain.