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CyanConnode Holdings PLC - Cambridge, England-based narrowband radio frequency smart mesh networks - Receives order for a smart meter deployment from an unnamed customer in the Middle East and North Africa region. Notes that this is its first order from this territory. Says it will supply its cellular communications product, which will be used to connect smart electricity and smart water meters. The delivery is expected to start this year. Does not disclose the value of the order.
‘We look forward to working with this customer to further develop our business in the Middle East and North Africa,’ Executive Chair John Cronin comments.
Current stock price: 17.20 pence, up 4.2% on Monday
12-month change: more than doubled from 6.60p
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