RCS - CyanConnode Holdings - Interview with MD & CEO for CyanConnode India

Cyanconnode HoldingsAnnouncement

17/04/2023 07:00

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RNS Number : 3150W  CyanConnode Holdings PLC  17 April 2023

17 April 2023

CyanConnode Holdings plc

("CyanConnode" or the "Company")

CyanConnode interview with Ratna Garapati, MD & CEO for CyanConnode India

CyanConnode Holdings plc (AIM: CYAN), a world leader in narrowband radio
frequency (RF) mesh networks, is currently undergoing a period of significant
growth in the Indian smart metering industry. Please find a link below to a
recent interview with Ratna Garapati, MD & CEO of CyanConnode India,
conducted by Directors' Talk Interviews. In the interview, Mr. Garapati
discusses the rapid growth of the Indian smart metering market and the
company's role in supporting the Government of India's vision of connecting
250 million homes with smart meters. He highlights CyanConnode's competitive
edge in the market, its commitment to climate action and sustainability, and
its plans to maintain its leadership position as the market continues to
expand.

 

During the 9 minute interview, Mr Garapati highlighted the importance of the
Revamped Distribution Sector Scheme (RDSS), which has been introduced to
tackle challenges faced by the power sector in India. These include high
aggregate technical and commercial losses and the gap between the average cost
of supply and the average revenue realized. The RDSS aims to deploy smart
meters on a large scale, and there are already tenders targeting approximately
100 million smart meters in the market.

 

CyanConnode's technology is ideally suited for the rollout in India, thanks to
its compliance with government regulations, robust security features,
cost-effectiveness, reliability, and versatility. The company's RF
communication technology operates within the license-free spectrum for smart
metering and employs advanced encryption techniques to ensure customer data
privacy and security.

Ratna also revealed CyanConnode's plans to introduce a long-range RF solution
designed to benefit rural areas and overcome limitations of cellular coverage,
along with a universal Head-end system. This solution has already been
successfully tested in the state of Himachal Pradesh in India.

 

As smart meters become increasingly important in India's energy transition,
they will facilitate bidirectional data and energy flow between consumers and
utilities, thus enabling better integration of renewable energy sources. With
its expertise in the Indian ecosystem and proven track record, CyanConnode is
confident in maintaining its leadership position in the future.

 

The full interview with Ratna Garapati can be viewed here:

 

https://www.directorstalkinterviews.com/cyanconnode-well-positioned-for-rapid-growth-of-indian-smart-metering-market-video/4121114381
(https://urldefense.proofpoint.com/v2/url?u=https-3A__www.directorstalkinterviews.com_cyanconnode-2Dwell-2Dpositioned-2Dfor-2Drapid-2Dgrowth-2Dof-2Dindian-2Dsmart-2Dmetering-2Dmarket-2Dvideo_4121114381&d=DwMFAg&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=pQmpPEBryaVGjvf6e9b8vkWlVCH54IGY5DDLjPOOGCM&m=jzGooC-2HFN4_Vc7v3k9-o0GmYYeWsjm10xOdY67YZo&s=tUIxuftzzqkyxFb01wc0Yj-DrZ5zSlk2iiSF6O6wGg0&e=)

 

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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