CYAN.L

CyanConnode Holdings Plc
CyanConnode Holdings - Contract in the Middle East and North Africa
28th October 2024, 07:00
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RNS Number : 7727J
CyanConnode Holdings PLC
28 October 2024
 

 

28 October 2024

CyanConnode Holdings plc

("CyanConnode" or the "Company")

 

Contract in the Middle East and North Africa (MENA)

 

CyanConnode Holdings plc (AIM: CYAN), a world leader in narrowband radio frequency ("RF") mesh networks, is pleased to announce that it has received a follow-on order with a value in excess of $1 million for cellular gateways in the Middle East and North Africa (MENA) region. This contract builds upon the initial MENA order for this project, which was announced by the Company on 4 August 2022.

The full order is scheduled for delivery, with revenue also recognised, within this financial year, which ends on 31 March 2025.

 

John Cronin, Executive Chairman, commented:

 

"We are delighted to have secured this follow-on order, which builds on our previous successes in the MENA region. This order significantly strengthens our relationship with this valued customer, further supporting our global business expansion and enhancing our revenue visibility."

 

 

- 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 5000

Simon Johnson, Louisa Waddell

 

Panmure Liberum (Joint Broker)                                                              Tel: +44 (0) 20 7886 2500

Rupert Dearden / James Sinclair-Ford

 

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

 

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