CyanConnode Holdings PLC EUR 489,000 Follow-on Nordic Order (3078F)
12 July 2019 - 4:00PM
UK Regulatory
TIDMCYAN
RNS Number : 3078F
CyanConnode Holdings PLC
12 July 2019
12 July 2019
CyanConnode Holdings plc
("CyanConnode" or the "Company")
EUR489,000 Follow-on Nordic Order
CyanConnode Holdings plc (AIM: CYAN), a world leader in
Narrowband Radio Frequency (RF) Smart Mesh Networks, is pleased to
announce that it has received a follow-on Nordic order worth
EUR489,000.
The order, for legacy CyanConnode hardware and software, is from
an existing Partner and the end customer is a Nordic Utility, who
is expanding an existing smart metering deployment. The Company
expects to recognise 50% of the revenues for this follow-on order
in 2019 and 50% in 2020.
The existing smart metering deployment has been delivering
reliable communications between consumers and the utility's data
collection centre for over eight years, thereby providing
significant benefits, including improved information on energy
consumption, simplified billing and enhanced customer service.
Björn Lindblom, CyanConnode Chief Commercial Officer, commented:
"I am pleased to announce this follow-on order for the expansion of
an existing smart metering deployment in the Nordics. The order
demonstrates our customer's confidence in CyanConnode's
technology."
- Ends -
Enquiries:
CyanConnode Holdings plc Tel: +44 (0) 1223 225 060
John Cronin, Executive Chairman www.cyanconnode.com
Yellow Jersey PR (Financial PR) Tel: +44 (0) 20 3004 9512
Felicity Winkles / Sarah Hollins/ Annabel Atkins
cyanconnode@yellowjerseypr.com
Arden Partners plc (Joint Broker) Tel: +44 (0) 20 7614 5900
Paul Shackleton / Dan Gee-Summons (Corporate Finance)
Simon Johnson (Corporate Broking)
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. 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.
END
UPDDGGDRLSBBGCB
(END) Dow Jones Newswires
July 12, 2019 02:00 ET (06:00 GMT)
Cyanconnode (LSE:CYAN)
Historical Stock Chart
From Apr 2024 to May 2024
Cyanconnode (LSE:CYAN)
Historical Stock Chart
From May 2023 to May 2024