CyanConnode shares soar on contract win for Omnimesh modules

CyanConnode said on Wednesday it received an order for 300,000 Omnimesh modules from Dakshin Gujarat Smart Metering Private Ltd.

Shares in the Cambridge, England-based narrowband radio frequency mesh networks provider were up 13% at 15.47 pence each in London on Wednesday morning.

CyanConnode said the order will support the deployment of smart metering for Daksjin Gujarat a power distribution utility in Gujarat, India, and subsidiary of New Delhi-based metering and digital solutions provider, IntelliSmart Infrastructure Private Ltd.

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. 

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