CyanConnode receives largest-ever order from long-standing partner Genus

CyanConnode Holdings plc (LON:CYAN) has announced that its subsidiary, CyanConnode India Pvt Ltd, has received its largest-ever order.  The order, placed by Genus Power Infrastructures Limited (“Genus”), is for one million Omnimesh Modules, together with Advanced Metering Infrastructure, Standards-Based Hardware, Omnimesh Head-End Software, Perpetual License and a Support and Maintenance Contract.

The order relates to a smart metering deployment in Bihar and supply of Omnimesh Modules is expected to commence during September 2022, with installation being completed within two years.  The Support and Maintenance Contract is for a period of eight years and will commence upon completion of the installation phase.

John Cronin, Executive Chairman of CyanConnode, commented:

“We are delighted to have received this order from our long-standing partner Genus, which cements our position as the largest provider of Narrowband Radio Frequency (RF) Smart Mesh Networks for Smart Metering in India.   This single order will almost double the number of modules we have deployed in India to date.

India is at the beginning of its government’s mandated deployment of 250 million smart meters and CyanConnode is pursuing current tenders for the deployment of over 27.5m smart meters.  The Company also expects the number of tenders that it is actively pursuing to grow further during the coming months.  Your Board remains determined to take full advantage of CyanConnode’s superior RF technology and to capitalise upon its opportunities in India.”

Mr. Jitendra Kumar Agarwal, Joint MD of Genus, commented:

“We are very pleased to once again be partnering with CyanConnode. Both companies have already worked closely together and successfully deployed four projects, resulting in the rollout of over 600k Smart Meters.  I believe our joint capability and track records will result in further opportunities for both our companies in the near future.”

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
CyanConnode Holdings plc

More articles like this

CyanConnode Holdings plc

What is a smart meter and why are they in the news?

Every property (business and residential) is getting changed to a smart meter as part of massive infrastructural investment. If you have not gotten one already, it’s only a matter of time until you are switched over from the

CyanConnode Holdings plc

Meet Ratna Garapati…

Ratna Garapati has overall experience of 28 years in implementing digital transformation processes in products and service companies. He began his journey with CyanConnode in 2020. Since then, he has overseen CyanConnode’s deployment of over 1 million RF

CyanConnode Holdings plc

CyanConnode largest ever order in India

CyanConnode India Pvt Ltd has reported the winning of its single-largest order ever. In a release, CyanConnode announced that its Indian subsidiary CyanConnode India Pvt Ltd has received its largest order ever. Placed by Genus Power Infrastructures Ltd, the order

CyanConnode Holdings plc

CyanConnode to deploy 10 lakh RF modules for Genus Power

CyanConnode India Pvt. Ltd. is pleased to announce that it has received its largest-ever order. The order, placed by Genus Power Infrastructures Limited (Genus), is for ten lakh Omnimesh RF Modules for the deployment of Smart Meters in

CyanConnode Holdings plc

CyanConnode wins smart meters order from Genus Power

CyanConnode India has received its order from Genus Power Infrastructures for 10 lakh Omnimesh RF Modules for deployment of Smart Meters in Bihar. CyanConnode will supply 10 lakh Omnimesh modules together with Advanced Metering Infrastructure, Standards-Based Hardware, Omnimesh Head-End Software,

CyanConnode Holdings plc

Highest-ever annual revenue for CyanConnode

Cambridge RF technology specialist CyanConnode Holdings increased revenue by 49 per cent to £9.6 million in the year ended March 31 – its  highest annual revenue to date. It also reported an increase of 61 per cent in

CyanConnode Holdings plc

CyanConnode revenue increased 49% to £9.6m in 2022

CyanConnode Holdings plc (LON:CYAN) has announced its audited results for the year ended 31 March 2022. Financial highlights ·    Increase of 49% in revenue to £9.6m in 2022 from £6.4m in 2021 , the highest annual revenue for the Group to

CyanConnode Holdings plc

CyanConnode exceeds full-year revenue expectations

Smart mesh network technology company CyanConnode said unaudited turnover for its financial year exceeded market expectations at £9.3m, up from £6.4m year-on-year. The AIM-traded firm said cash at year-end on 31 March totalled £2.4m, rising from £1.5m a year earlier,

CyanConnode Holdings plc

25% of smart meters in India run on CyanConnode’s network

At DistribuElec Expo, CyanConnode exhibited Omnimesh RF mesh technology with five different smart meters working in real-time on a single network. CyanConnode India is looking forward to interacting with more DISCOMs for the installation of smart meters and

CyanConnode Holdings plc

CyanConnode achieves a record year in terms of revenue

CyanConnode Holdings plc (LON:CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, has provided a trading update for the financial year ended 31 March 2022. Highlights for the period ·    Unaudited turnover for the period exceeds

CyanConnode Holdings plc

Smart meter: How to cut energy costs

In 2016, the Government published its plans to install smart meters in homes and small businesses across the UK to help the country become better at saving energy and money, especially those under financial stress. In 2020, the

No more posts to show