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CyanConnode Holdings PLC - Cambridge, England-based narrowband radio frequency smart mesh networks - Receives a follow-on order for a further 200,000 Omnimesh modules from IntelliSmart Infrastructure Pvt Ltd. The order is part of the smart metering deployment in Assam, India.
Back in April, CyanConnode received a letter of intent from IntelliSmart for 500,000 Omnimesh modules together with advanced metering infrastructure, standards-based hardware, Omnimesh head-end software, perpetual license and an annual maintenance contract.
In May 2022, the company received an order for 100,000 units relating to this letter of intent
The contact is expected to be complete within 30 months.
Chair John Cronin comments: ‘We are delighted to have received this follow-on order from IntelliSmart, for the project in Assam which we have been deploying with them.’
Current stock price: 14.65 pence, up 1.0% on Monday
12-month change: up 17%
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