REG - CyanConnode Holdings - Significant New LOA For Thailand Utility

Cyanconnode HoldingsAnnouncement

12/02/2024 07:00

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RNS Number : 7287C  CyanConnode Holdings PLC  12 February 2024

 

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
(http://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/
(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.

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