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Pin to quick picksCyanconnode Share News (CYAN)

Share Price Information for Cyanconnode (CYAN)

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Share Price: 8.05
Bid: 7.90
Ask: 8.20
Change: 0.00 (0.00%)
Spread: 0.30 (3.797%)
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Cyan banking on demand for smart metering

Tue, 26th Jan 2016 09:35

(ShareCast News) - Global demand for smart energy meters was driving momentum at Cyan Holdings, as the group talked up its position on Tuesday ahead of its full year results to 31 December 2015.The AIM-listed system and software design company said during the year, it made strong inroads into the smart metering sector in its core market of India, following the November 2015 announcement from the country's Ministry of Power to implement smart metering for all state network consumers.Cyan Holdings said it received two contracts worth a combined £1.5m, on behalf of the Chamundeshwari Electricity Corporation (CESC) and Paschimanchal Vidyut Nigam networks.It said the first 450 meters for CESC had been successfully installed and integrated, and the remainder were expected to be rolled out in the first half of 2016.Cyan also deployed its systems to 5,000 smart meters for Tata Power Mumbai during the year, which had since been followed by an order in January 2016 for a further 5,000 meters.There were discussions underway for a larger framework order from Tata Power.In the firm's other global operations, Cyan made its first steps into the Chinese smart metering market in December 2015 through a partnership agreement with Newcapec Electronics Company.It also commenced a pilot project with El Sewedy Electrometer Group in Ghana, which could lead to a rollout to 200,000 customers in the country."This was a busy period for the company as we further enhanced our position across our key regions", said executive chairman John Cronin."We are very much focused on converting orders into revenues, which in turn can lead to multiple orders and repeat orders from key partners", he added.Looking forward, Cyan said the majority of the £1.5m contracts in India would be booked as revenue in 2016, with a significant element in the first half.The Tata Power repeat order would also be shipped in Q1 2016, with the company saying revenue in 2016 would likely be significantly higher than reported in previous years."Having further strengthened our foundations for growth during 2015 there is huge opportunity for further scalability throughout India, China, Brazil and sub-Saharan Africa", Cronin said."As such, we expect trading during 2016 to reflect our growing ability to win and service new orders."
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6 Feb 2023 11:08

CyanConnode signs deal to supply advanced radio frequency technology

(Alliance News) - CyanConnode Holdings PLC on Monday said it signed a deal with a key partner to supply its advanced radio frequency mesh communication technology in India.

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24 Jan 2023 20:47

TRADING UPDATES: M&C Saatchi sees revenue rise; Angus extends drilling

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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24 Jan 2023 08:24

CORRECT: CyanConnode raises GBP5 million in share placing

(Correcting description of CyanConnode.)

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23 Jan 2023 22:00

TRADING UPDATES: CyanConnode to raise funds; Pure Gold cancels listing

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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4 Jan 2023 14:01

CyanConnode wins another million-module order in India

(Sharecast News) - Narrowband mesh network specialist CyanConnode announced on Wednesday that its subsidiary, CyanConnode India, has received an order from Montecarlo for 983,525 'Omnimesh' modules, together with advanced metering infrastructure, standards-based hardware, Omnimesh head-end software, a perpetual licence, and a support and maintenance contract.

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4 Jan 2023 12:18

CORRECT: CyanConnode shares up on order from new partner

(Correcting company description.)

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4 Jan 2023 10:04

AIM WINNERS & LOSERS: Corcel jumps on farm-out deal with Riversgold

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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4 Jan 2023 09:56

IN BRIEF: CyanConnode shares up on order from new partner

CyanConnode Holdings PLC - gold miner with operations in Armenia and assets in Kyrgyzstan - Says its subsidiary, CyanConnode India Pvt Ltd, has received an order from Montecarlo Ltd for 983,525 Omnimesh Modules. Notes the order relates to a smart metering deployment in Jabalpur, Madhya Pradesh.

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14 Dec 2022 14:42

EARNINGS SUMMARY: ProCook swings to loss; CyanConnode loss widens

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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7 Dec 2022 15:51

UK earnings, trading statements calendar - next 7 days

Thursday 8 December 
Balfour Beatty PLCTrading Statement
British American Tobacco PLCTrading Statement
DS Smith PLCHalf Year Results
DWF Group PLCHalf Year Results
Evgen Pharma PLCHalf Year Results
Focusrite PLCFull Year Results
Frasers Group PLCHalf Year Results
Hipgnosis Songs Fund LtdHalf Year Results
Numis Corp PLCFull Year Results
On The Beach Group PLCFull Year Results
Purplebricks Group PLCHalf Year Results
Redcentric PLCHalf Year Results
S&U PLCTrading Statement
SDCL Energy Efficiency Income Trust PLCHalf Year Results
Seraphine Group PLCHalf Year Results
Tern PLCQ3 Results
Friday 9 December 
Anglo American PLCTrading Statement
Associated British Foods PLCTrading Statement
Berkeley Group Holdings PLCHalf Year Results
Diploma PLCFull Year Results
Taylor Maritime Investments LtdHalf Year Results
Monday 12 December 
no events scheduled 
Tuesday 13 December 
Begbies Traynor Group PLCHalf Year Results
Chemring Group PLCFull Year Results
FRP Advisory Group PLCHalf Year Results
Global Ports Holding PLCHalf Year Results
Hyve Group PLCFull Year Results
Ocado Group PLCTrading Statement
RWS Holdings PLCFull Year Results
Sosandar PLCHalf Year Results
Zytronic PLCFull Year Results
Wednesday 14 December 
Cohort PLCHalf Year Results
CyanConnode Holdings PLCHalf Year Results
Foresight Sustainable Forestry Co PLCFull Year Results
IntegraFin Holdings PLCFull Year Results
SThree PLCTrading Statement
Tui AGFull Year Results
Watches of Switzerland Group PLCHalf Year Results
  
Copyright 2022 Alliance News Ltd. All Rights Reserved.

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1 Dec 2022 12:33

CyanConnode trading in line with expectations

(Sharecast News) - Narrowband radiofrequency mesh network technology specialist CyanConnode said in an update on Thursday that trading in its first half was in line with market expectations.

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18 Oct 2022 17:07

TRADING UPDATES: Chaarat enters takeover discussions with Shanta Gold

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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23 Aug 2022 11:07

CyanConnode reports record revenue as it moves towards profitability

(Sharecast News) - Mesh network technology company CyanConnode reported a 49% improvement in revenue in its final results on Tuesday, to £9.6m, making for its highest annual revenue to date.

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23 Aug 2022 09:11

CyanConnode narrows annual loss on highest revenue in company history

(Alliance News) - CyanConnode Holdings PLC on Tuesday said record annual revenue pushed it closer towards profitability.

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23 Aug 2022 07:47

LONDON MARKET PRE-OPEN: Lower call; John Wood interim loss widens

(Alliance News) - Stocks in London on Tuesday morning are set to follow a big decline in New York overnight, as investors nervously await the start of the Jackson Hole central banking symposium later this week.

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