CyanConnode receives order for 600,000 Omnimesh Modules

CyanConnode Holdings plc (LON:CYAN), a global leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, has announced this morning the receipt of an order from Paschimanchal Infrastructure Pvt Ltd, a subsidiary of IntelliSmart Infrastructure Private Ltd, for 600,000 Omnimesh Modules. The order also includes Advanced Metering Infrastructure (AMI), Standards-Based Hardware, Services, Omnimesh Head-End Software, a Perpetual License, and an Annual Maintenance Contract. The order will support a smart metering deployment in the utility, Pachimanchal Vidyut Vitran Nigam Ltd (PVVNL), located in Uttar Pradesh, India.

The supply of Omnimesh Modules for this project is expected to commence during the next quarter, and the deployment will be completed within 27 months, under a DBFOOT (Design, Build, Finance, Own, Operate, Transfer) model. A support and maintenance contract will be in effect for a period of seven and a half years after the go-live stage.

John Cronin, Executive Chairman of CyanConnode, commented:

“We are delighted to have received this order from Pachimanchal Infrastructure, which also aligns with the State Government of Uttar Pradesh’s vision of ensuring uninterrupted power supply for its citizens. This order signifies a significant milestone, as it will bring the total number of Omnimesh Modules deployed in India to 4.2 million, with over 1.3 million of those modules already deployed and operational. We look forward to the implementation of this important project and delivering upon our commitment.”

IntelliSmart, commented:

“IntelliSmart, a leading smart metering and digital solutions provider, has established itself as a leader with a proven record of project implementation. As we expand, our subsidiary, Paschimanchal Infrastructure, is being built on the same values and pillars as IntelliSmart and we will remain committed to timely delivery of the largest smart metering project tendered so far in the country. We are pleased to partner with CyanConnode in keeping with the LOA to meet the AMI requirements.”

CyanConnode Holdings (LON: CYAN), is a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, which are used for machine to machine (M2M) communication.  As well as being self-forming and self-healing, CyanConnode’s RF Smart Mesh Networks are designed for rapid deployment, whilst giving exceptional performance and competitive total cost of ownership.

In June 2018, CyanConnode launched its award-winning Omnimesh Advanced Metering Infrastructure (AMI) platform, which has already gained considerable commercial traction, especially in India which is a key market for the Company.

Through a Global partner eco-system, which is vendor agnostic, CyanConnode has several routes to market, therefore it is well positioned to capitalise upon increasing Global demand for smart metering solutions.

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