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.