CyanConnode Holdings plc (LON:CYAN), has announced that it has received an order for Cellular Gateways to provide smart communications for an Advanced Metering Infrastructure project located in the Middle East and North Africa region.
The order is for a new cellular product which is to be fitted to existing smart electricity meters and is worth USD 2.5 million.
Delivery against the contract is expected to commence during this financial year, following an initial stage of obtaining certifications, and deployment is expected to be completed within 18 months.
John Cronin, CyanConnode Executive Chairman, commented:
“We are delighted to have received a further contract from our customer in the MENA region, in line with management’s targets, and I look forward to growing the relationship with them to develop our business in the region.”
