Order from Middle East and North Africa (MENA)

RNS Number : 2238H

CyanConnode Holdings PLC

05 April 2022

 

05 April 2022

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Order from Middle East and North Africa (MENA)

CyanConnode Holdings plc (AIM: CYAN) is pleased to announce that it has received an order for a smart metering deployment in MENA Region (Middle East and North Africa), which is a new territory for the company. This order is for CyanConnode's cellular communications product which will be deployed to connect smart electricity and smart water meters.

Under the contract, CyanConnode will supply cellular hubs, with a capacity to handle up to 1 million meters.

Following an initial stage of obtaining certifications, it is expected that delivery against the order will commence during this calendar year.

John Cronin, Executive Chairman,   commented :

"We are delighted to have received this order from a new territory with CyanConnode's cellular product. We look forward to working with this customer to further develop our business in MENA."

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Enquiries:

CyanConnode Holdings plc  Tel: [phone]

John Cronin, Executive Chairman    www.cyanconnode.com

Arden Partners plc (Nomad and Broker)                                                 Tel: [phone]

Paul Shackleton / Elliot Mustoe (Corporate Finance)

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

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

 

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