CyanConnode wins new order for European utility

14/06/2018

CyanConnode, the world leader in narrowband radio mesh networks, announces a purchase order worth €184,000 from one of its existing partners, an industry leader in energy management solutions, for a smart metering deployment for a European utility.

The purchase order, which is part of a larger anticipated order expected to be in excess of €800,000, is for the supply of CyanConnode’s narrowband RF mesh communication modules, which will be integrated with the partner’s meters. The order represents further development of an ongoing project for the utility, which totals over 250,000 meters deployed to date.

The CyanConnode-enabled meters deliver 24-hour values every day with two review points, giving a stable performance of 99.75%. The utility benefits include simplified billing based on accurate consumption data and enhanced customer service.

John Cronin, CyanConnode Executive Chairman, commented:: “We are pleased to announce this new order from our industry leading partner – further strengthening our relationship, for an ongoing significant project in Europe. This expansion validates the global suitability of CyanConnode’s technology that continues to perform at high levels of service. Furthermore, it demonstrates the strength of our partnership and the scope for follow on orders.”

Board changes

CyanConnode also announces that Simon Smith, Non-Executive Director, has resigned from the Board of the Company with immediate effect due to the length of his tenure. Simon remains a substantive shareholder and firm supporter of the Company.

John Cronin commented: “Simon has been a valued member of the CyanConnode Board for eight years. I would like to thank him for his contribution supporting myself, the Company and the other members of the Board throughout this extended period of time.”

 

CyanConnode Limited

CyanConnode is a global leader in Internet of Things (IoT) communications.

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