CyanConnode business wins ‘suggests record year for revenue and volume’ says Arden Research Director (LON:CYAN)

CyanConnode Holdings plc (LON:CYAN) recently announced on 22 August that its subsidiary, CyanConnode India Pvt Ltd, has received its largest-ever order from its long-standing Partner, Genus. The order cements CyanConnode’s position as the largest provider of Narrowband Radio Frequency (RF) Smart Mesh Networks for Smart Metering in India. Prior to the order, 25 percent of Smart Meters in India were run on CyanConnode’s Communication network.

John Cronin, Executive Chairman of CyanConnode Holdings, commented, “This single order, for one million Omnimesh Modules, will almost double the number of modules we have deployed in India to date.”

In a recent interview, Anil Daulani, President – Global Sales, CyanConnode, noted, “Indian Utilities have realised the need for automated and smart metering systems. The sheer value addition Omnimesh brings to the smart metering market is simply astounding. It empowers the utilities on multiple fronts to achieve aspects that were previously considered unfeasible and impractical. With this solution, utilities are now able to significantly enhance customer experience and billing, while having a direct impact on reducing carbon emissions through a reduction of physical visits for manual reads and an increase in consumers adopting energy-efficient lifestyles. CyanConnode will continue to work towards building an efficient ecosystem for Smart Metering in India while aligning with the ‘Make in India’ initiative.” 

The latest order from Genus in India, comes hot on the heels of receiving an order for Cellular Gateways to provide smart communications for an Advanced Metering Infrastructure project located in the Middle East and North Africa (MENA) region worth USD 2.5 million.

Alex DeGroote, Director Research Technology, at Arden Partners, added, “CyanConnode has a very good market position in India, in particular, and good commercial momentum. CyanConnode has won a significant amount of new business in 2022/23 year-to-date, which suggests it will be a record year for revenue and volume.”

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

Smart meter rollout hits 30m milestone

More than 30 million smart and advanced meters have been installed in Great Britain, the latest government figures have revealed. The Department for Business, Energy and Industrial Strategy (BEIS) has released its latest quarterly statistics on the rollout

CyanConnode Holdings plc

Top fast-growing Cambridge startups to watch

Have you ever wondered who is on the list of companies with the highest growth rates in Cambridge? You’re not alone. There are hundreds of companies founded there, and it can be challenging to keep track of the

CyanConnode Holdings plc

CyanConnode: Indian smart meter programme update

On 14 and 15 October 2022, the Indian Ministry of Power held a “Brainstorming Session” at the Power Ministers’ Conference. The presentation for the session contains a detailed update on the smart meter rollout in terms of rationale,

CyanConnode Holdings plc

COP27 – What to expect?

What is COP27? “COP” stands for “Conference of the Parties” – that is, the countries that have signed up to the United Nations Framework Convention on Climate Change (UNFCCC). COP27 is the 27th meeting of those parties. This

CyanConnode Holdings plc

The Coming Years Are Full Of Excitement: CyanConnode India

Ratna Garapati, MD & CEO, CyanConnode India, in an exclusive conversation with T&D India tells about CyanConnode’s journey in India so far, and the exciting times in store. Garapati also touches upon technical aspects of communication infrastructure, explaining why

CyanConnode Holdings plc

CyanConnode: Smart metering in India

CyanConnode Holdings plc (LON:CYAN) has provided an update on the Indian Smart Metering market, following discussions at The Conference of Power and Renewable Energy Ministers of State/ Union Territories (“UTs”) (the “Conference”), which was held on 14 and 15 October

CyanConnode Holdings plc

CyanConnode investor forum

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. 

Hardman & Co

CyanConnode: Smart meter breadth and depth

CyanConnode Holdings plc (LON:CYAN) has steadily been making progress in India, where the national smart meter programme has been gathering pace. In July 2022, the company crossed the one million mark for meters connected to its RF network

Hardman & Co

CyanConnode: Smart meter breadth and depth

CyanConnode Holdings plc (LON:CYAN) has steadily been making progress in India, where the national smart meter programme has been gathering pace. In July 2022, the company crossed the one million mark for meters connected to its RF network

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

No more posts to show