Narrowband radio frequency communications networks developer CyanConnode reported a decline its interim revenues but it is doing a good job of conserving its cash. The company is still on course to increase its revenues for the full year.
AIM-quoted CyanConnode is participating in tenders for 75 million smart meters in India, which is equivalent to £1bn of revenues, and more than 20 million have reached the final stage of tendering. The current record is that around one-quarter of the volume of tenders are won by partners of CyanConnode. Contracts are also being won in the Middle East and North Africa.
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.
