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Hardman & Co Research (CYAN)

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Thursday 27 May, 2021

Hardman & Co Research

CyanConnode (CYAN): Major announcement in India with IntelliSmart

Hardman & Co Research
Hardman & Co Research: CyanConnode (CYAN): Major announcement in India with IntelliSmart

27-May-2021 / 16:30 GMT/BST


Hardman & Co Research: Major announcement in India with IntelliSmart

CyanConnode has announced a non-binding Memorandum of Understanding (MOU) with IntelliSmart, a partially state-owed entity that is at the centre of the smart meter rollout programme in India. Under the terms of the MOU, CyanConnode will utilise its hybrid RF/cellular technologies for existing and new IntelliSmart smart meter contracts amounting to millions of units. In the context of the Indian Government's programme to deploy 250 million smart meters, this is likely to be a leap forward for CyanConnode in securing a significant share of the Indian opportunity. Our DCF-implied equity fair value is £71.8m (equating to £0.38 per share).

Please click on the link below for the full report:

https://www.hardmanandco.com/research/corporate-research/major-announcement-in-india-with-intellismart/

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About Hardman & Co: For the past 25 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge.  Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.

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The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1201681 27-May-2021 

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