How would you describe the journey of your company since its inception?
Since 2012, CyanConnode has contributed significantly to India’s smart metering sector, this ramped up even more since establishing the company in India in 2015. We hold a 22% market share, with over 1.3 million smart meters currently communicating on our communications infrastructure and exceeding the 99% SLAs that are now critical for smart prepaid metering. Our project in Indore demonstrates the benefits of our network, such as theft detection, reduced losses from improved billing and collection efficiency, and timely identification of defective meters, with a 95% reduction in bill correction cases. This has enabled the utility to recover its RoI within 2.5 years. Aligned with India’s sustainability goals, our current orderbook has the potential to save over 1.25 lakh litres of fuel annually. As the market grows, we are prepared to maintain our leading position and further shape India’s smart metering future.
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.