CyanConnode Holdings plc (AIM: CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, is pleased to announce that it has signed a Memorandum of Understanding (MoU) with Hexing Electrical Co. Ltd (Hexing).
CyanConnode Holdings plc signs MoU with Hexing
Hexing, established in 1992, is a multi-national manufacturing company that supplies Utilities in more than 80 countries across the world, with headquarters in Hangzhou, China.
CyanConnode and Hexing have agreed to collaborate and deliver smart metering solutions in certain territories. As part of the collaboration, Hexing will integrate CyanConnode’s RF Modules with its meters and CyanConnode’s Omnimesh Advanced Metering Infrastructure (AMI) platform with Hexing’s Meter Data Management System (MDMS), to create a cost-effective turnkey solution.
Bjorn Lindblom, Chief Commercial Officer, CyanConnode, commented: “I am very pleased to announce that CyanConnode will be working with Hexing, who have a wealth of experience in delivering solutions to Utilities in more than 80 countries around the world.
“The Memorandum of Understanding will expand CyanConnode’s geographical reach and introduce its products and services to new customers.”
Fan Jianqing, GM of International Trade Department, Hexing, commented: “As a leading provider of advanced metering infrastructure, we are pleased to offer CyanConnode’s IPv6-based Omnimesh solution as part of Hexing’s portfolio. CyanConnode’s RF Mesh technology provides a cost-effective, scalable communication network that can be integrated and deployed with ease.”
In a recent report from MarketsandMarkets, revenue in the global smart meters market is expected to grow from $12.79 billion in 2017 to $19.98 billion by 2022, with Asia-Pacific estimated to be the fastest growing market.
CyanConnode is a global leader in Internet of Things (IoT) communications.