RCS - CyanConnode Holdings - CyanConnode India is a Start-Up 50 Trailblazer

Cyanconnode HoldingsAnnouncement

22/06/2023 07:00

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RNS Number : 5134D  CyanConnode Holdings PLC  22 June 2023

22 June 2023

 

CyanConnode Holdings plc

("CyanConnode" or the "Company")

 

CyanConnode India recognised as a Start-Up 50 Trailblazer by Dun &
Bradstreet

 

CyanConnode Holdings plc (AIM: CYAN), a world leader in Narrowband Radio
Frequency (RF) Smart Mesh Networks, is proud to announce that its subsidiary
in India, CyanConnode Private Limited, has been recognised as a "Start-Up 50
Trailblazer" by Dun & Bradstreet. This award underscores the Company's
firm commitment to innovation, quality, and customer-centric solutions, with a
robust roadmap for sustainable growth and profitability.

With over 1.3 million smart meters currently using CyanConnode's communication
infrastructure in India across 11 states, the Company has made significant
contributions in the sector since 2012. Its project in Indore has demonstrated
the considerable benefits of its network, allowing the utility to recover its
Return On Investment within just 2.5 years. Even in the challenging terrains
of projects like those in Himachal Pradesh and Assam, the tenacity of
CyanConnode's team has been instrumental in overcoming hurdles and addressing
ongoing issues through vigilant maintenance and monitoring. Delivering over
99% SLAs, even in the face of these challenges, CyanConnode continues to lead
in the IoT communications and smart metering sector.

"CyanConnode's recognition as a Dun & Bradstreet Start-Up 50 Trailblazer
2023 is a clear testament to our commitment and perseverance," said John
Cronin, Executive Chairman of CyanConnode. "This accolade is recognition not
just of what we've achieved, but also the way we've achieved it."

"Getting this award is a proud moment for every member of the CyanConnode
family" said Ratna Garapati, Managing Director and CEO of CyanConnode India.
"It reflects our combined efforts to revolutionize IoT communications with our
cutting-edge Omnimesh solution, secure RF communication systems, and
commitment to sustainable growth."

 CyanConnode's Omnimesh solution optimizes channel capacity and improves
network performance, making it a game-changer in the Internet of Things
communication sector, while adhering to the highest security standards in its
RF communication solution for smart metering, which incorporates multiple
layers of defence mechanisms.

The Company's adoption of Wi-SUN, an open international standard in its FG25
based products, has solidified its leadership in providing long-range Sub-GHz
wireless connectivity for smart metering. The interoperability of the Wi-SUN
stack simplifies the integration of new devices into existing networks and
allows utilities to expand their networks as needed. CyanConnode's RF-based
systems offer cost-effectiveness and sustainability, significantly reducing
annual power costs for utilities and ensuring compliance with recent
regulations of the WPC wing of the Ministry of Communications.

As CyanConnode continues to align with India's sustainability goals, the
Company is prepared to maintain its leading position in shaping India's smart
metering future.

 

 

 

 

 

For further information, please contact:

 

 CyanConnode Holdings plc                                 +44 (0) 1223 865 750

 John Cronin, Executive Chairman

 Strand Hanson Limited (Nominated and Financial Adviser)  +44 (0) 20 7409 3494

 James Harris

 Richard Johnson

 David Asquith

 Zeus Capital Limited (Broker)                            +44 (0) 20 3829 5000

 Simon Johnson

 Alexandra Campbell-Harris

About CyanConnode

 

CyanConnode (AIM:CYAN), 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
(http://www.cyanconnode.com/)

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