Shares of CyanConnode Holdings rose as much as 9% to 16.50p, their highest since May 25
The developer of narrowband Radio Frequency smart mesh networks receives order for 500,000 omnimesh modules from Indian smart metering and digital solutions provider IntelliSmart Infrastructure Private Ltd
The company says the order also includes advanced metering infrastructure, standards-based hardware, services, omnimesh head-end software, a perpetual license and an annual maintenance contract.
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.