REG - CyanConnode Holdings - Order for New Product in the MENA region

Cyanconnode HoldingsAnnouncement

04/08/2022 07:15

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RNS Number : 8537U  CyanConnode Holdings PLC  04 August 2022

 

04 August 2022

CyanConnode Holdings plc

("CyanConnode" or the "Company")

 

Order for New Product in the MENA region

 

CyanConnode Holdings plc (AIM: CYAN), is pleased to announce that it has
received an order for Cellular Gateways to provide smart communications for an
Advanced Metering Infrastructure (AMI) project located in the Middle East and
North Africa (MENA) region.

The order is for a new cellular product  which is to be fitted to existing
smart electricity meters and is worth USD 2.5 million.

 

Delivery against the contract is expected to commence during this financial
year, following an initial stage of obtaining certifications, and deployment
is expected to be completed within 18 months.

 

John Cronin, Executive Chairman, commented:

"We are delighted to have received a further contract from our customer in the
MENA region, in line with management's targets, and I look forward to growing
the relationship with them to develop our business in the region."

 

- Ends -

 

Enquiries:

CyanConnode Holdings plc
 
Tel: +44 (0) 1223 225 060

John Cronin, Executive Chairman
 
   www.cyanconnode.com

 

Cenkos Securities plc (Nomad and Joint Broker)
               Tel: +44 (0) 20 7397 8900

Stephen Keys / Charlie Combe

 

Arden Partners plc (Joint
Broker)
                Tel: +44 (0) 20 7614 5900

Simon Johnson (Corporate
Broking)

 

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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