Shares of CyanConnode Holdings PLC were higher on Monday morning, after the company said it had won a new order that will strengthen its presence in the subcontinent.
CyanConnode is a developer of narrowband radio frequency mesh networks based in Cambridge, England. Its shares rose 2.4% to 7.94 pence each in London on Monday morning.
CyanConnode said it received an order for 265,331 of its Omnimesh modules from Madhyanchal One Infrastructure Private Ltd, a subsidiary of New Delhi-based IntelliSmart Infrastructure Private Ltd. In addition to the modules, the order includes advanced metering infrastructure, standards-based hardware, services, Omnimesh headend software, a perpetual license and an annual maintenance contract.
CyanConnode Holdings plc (LON:CYAN) is a world leader in the design and development of Narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications.