CYAN.L

CyanConnode Holdings Plc
CyanConnode Holdings - Two Million Communication Endpoints Deployed
9th August 2024, 06:00
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 8142Z
CyanConnode Holdings PLC
09 August 2024
 

9 August 2024

CyanConnode Holdings plc 

("CyanConnode" or the "Company") 

 

Two Million Communication Endpoints Deployed in India

CyanConnode Holdings plc (LSE: CYAN), a global leader in narrowband radio frequency ("RF") smart mesh networks, is pleased to announce two significant milestones achieved by its Indian subsidiary, CyanConnode Pvt Ltd ("CyanConnode India"). Firstly, the successful deployment of over two million nodes, making it the first and only smart metering communications player in India to reach this milestone, and the prestigious SKOCH Gold Award win by Tamil Nadu Generation and Distribution Corporation Limited ("Tangedco") for its smart metering project powered by CyanConnode's communication network.

First and Only Communications Player to Deploy Two Million Communication Endpoints in India

CyanConnode India has become the first and only smart metering communications player in India to deploy over two million communication endpoints while successfully delivering required Service Level Agreements. This remarkable achievement showcases CyanConnode India's extensive reach and experience across the country, with deployments in ten states: Assam, Rajasthan, Himachal Pradesh, Madhya Pradesh, Gujarat, Tamil Nadu, Bihar, Maharashtra, Karnataka, and Andhra Pradesh. This milestone underscores CyanConnode's commitment to providing reliable and scalable smart metering solutions, contributing to India's energy management and digital transformation goals.

Tangedco Wins Prestigious SKOCH Award

In addition, the distribution company, Tangedco, has won the prestigious SKOCH Award for Gold Category in the Power & Energy category. The award recognises the digital transformation of Tangedco's commercial operations under the smart metering project powered by CyanConnode's communication network.

The project has delivered exceptional billing and smart metering communication rates of over 99%, accelerating invoicing, reducing errors, and enhancing customer satisfaction through timely billing. It has also optimised operations, reduced carbon emissions, increased revenue, and optimised manpower, among many other benefits.

John Cronin, Executive Chairman of CyanConnode, commented:

"We are immensely proud of these achievements. Reaching the milestone of two million deployed communication endpoints is a testament to the reliability of our technology and the hard work and dedication of our team in India. Tangedco's SKOCH Award win highlights the significant impact of our technology on improving operational efficiency and customer satisfaction. These accomplishments reinforce our position as a leader in smart metering solutions and our commitment to supporting India's energy management initiatives."

For more details on the SKOCH Award and to watch the award video and presentation, please visit here: https://ratings.skoch.in/2024/07/28/tangedco-tamilnadu-generation-and-distribution-corporation-limited/

-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 (Joint Broker)                                                         Tel: +44 (0) 20 3829 5900

Simon Johnson / Louisa Waddell

 

Panmure Gordon (UK) Limited (Joint Broker)                                     Tel: +44 (0) 20 7886 2500

Rupert Dearden / Freddy Crossley

 

 

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.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NRAFLFLATRITIIS]]>
TwitterFacebookLinkedIn