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CyanConnode Holdings PLC - Cambridge, England-based developer of narrowband radio frequency mesh networks - Notes significant letter of award from its partner, JST Group, a group of Thailand-based service an supply companies, for 101,360 Omnimesh cellular modules for an unspecified utility project in Thailand. This is the largest letter of award yet received for CyanConnode's Omnimesh cellular modules. Deployment of the cellular modules will commence in the first quarter of the 2025 financial year beginning April 2024.
Chief Executive Chair John Cronin says: "I am pleased to announce this latest LOA from JST, which not only broadens our engagement in the Thai market but also demonstrates the expansion of our Omnimesh product range to include a standards-based cellular solution. This important development, with a standards-based cellular product, gives our head-end system both radio frequency and cellular capability."
Current stock price: 11.67 pence each, up 3.7% in London on Monday morning.
12-month change: down 40%
By Hugh Cameron, Alliance News reporter
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