Cyanconnode Share News (CYAN)

(Sharecast News) - Narrowband radio frequency mesh network specialist CyanConnode Holdings has received a purchase order from a new partner for an Indian state-owned utility, it announced on Wednesday, which is also a new end-customer.The AIM-traded firm said the order, for a deployment of 3,000 smart meters, would use a hybrid RF smart mesh and cellular communications network.Delivery of the project and recognition of revenue would be during 2019.The company said the purchase order was for uts 'Omnimesh' technology, which provided smart metering capability for utilities.It said it was the first order from the new partner, which it described as a system integrator that provides utilities with solutions to improve customer service, as well as reducing non-technical losses.The utility would evaluate the benefits of using a hybrid RF smart mesh and cellular network, with CyanConnode saying it expected to receive follow-on orders when the evaluation process completed."I am pleased to announce this order for Omnimesh from our new partner, whose end-customer is an Indian state-owned utility," said CyanConnode India chief executive officer and managing director Anil Daulani."Omnimesh is a proven technology, which enables utilities to gather complex, accurate and timely data, thereby reducing non-technical losses."Daulani said he was "excited" that it was now going to be used for the deployment of a hybrid RF smart mesh and cellular network."CyanConnode is participating in large scale smart metering programs and it anticipates increasing deployment of its technology to meet the Indian government's plans to replace all existing electricity meters with smart prepaid meters, during the next few years."Through our growing partner ecosystem and dynamic bonds with utilities and government officials, standards bodies and regulators, CyanConnode continues to strengthen its award-winning technology for the Indian smart meter market."