REG - CyanConnode Holdings - Letter of Award

Cyanconnode HoldingsAnnouncement

12/05/2025 07:00

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RNS Number : 2358I  CyanConnode Holdings PLC  12 May 2025

12 May 2025

 

CyanConnode Holdings plc

("CyanConnode" or the "Company")

 

Letter of Award for GOA Contract

 

CyanConnode Holdings PLC (AIM: CYAN), a global provider of IoT communication
and smart metering solutions, is pleased to confirm that, further to its
announcement on 14 April 2025 regarding the Government of Goa's Electricity
Department's intention to award a contract worth approximately £70 million to
its Indian subsidiary, DigiSmart Networks Pvt. Ltd., it has now received a
formal Letter of Award by the Government of Goa's Electricity Department for
this contract, to deploy approximately 750,000 smart meters.

 

This confirms the contract award and the next step is for a formal work order
to be issued, after which the project will commence.

 

 

- Ends -

 

Enquiries:

CyanConnode Holdings plc
                                  Tel: +44 (0) 1223 865 750

John Cronin, Group Chief Executive Officer
 

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 (Joint
Broker)                                                         Tel:
+44 (0) 20 3829 5000

Simon Johnson, Louisa Waddell

 

Panmure Liberum (Joint
Broker)
Tel: +44 (0) 20 7886 2500

Rupert Dearden / James Sinclair-Ford

 

Novella (Financial PR)
 
Tel: +44 (0) 20 3151 7008

Tim Robertson / Safia Colebrook

 

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.

 

In June 2018, CyanConnode launched its award-winning Omnimesh Advanced
Metering Infrastructure (AMI) platform, which has already 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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