Member Info for Longterminvstor

...... about " CyanConnode's multi-technology, standards-based architecture and proven execution, continue to support #India's smart metering mission."

https://x.com/CyanConnode_Ind/status/2006971145741054007

Good morning all,

A CyanConnode USP list of achievements over the years, for potential Customers and Partners to consider.

Good Luck all.

LTI.

Oooooops, sorry, should read hopefully:-

https://polaris.brighterir.com/public/cyan/news/rns/story/xld427r

LTI.

....... to sell their stakes in IntellliSmart:-

https://pressreader.com/india/mint-ahmedabad/20251230/281595246894190

Good afternoon gizmo and all,

Very interesting gizmo and thank you for sharing. It is much appreciated. I wonder if this will have/has had any time-line implications/or other implications, on the outcome of the RNS we received on August 1st, 2024 - " Statement re media speculation ":-

https://polaris.brighterir/public/cyan/news/rns/story/xld427r

I would imagine that a number of Companies have taken an interest in this news and will be planning accordingly.

Thanks again gizmo.

Good Luck all.

LTI.

....... has posted about TNPDCL's achievement at a National Conference and how CyanConnode " ...... are proud to have played their part ...... ":-

https://x.com/CyanConnode_Ind/status/2006225921351770543

Excellent news and well done to all involved with the project. And a Happy New Year to you all - when it arrives.

Good Luck all.

LTI.

Good afternoon all,

The last few Fund-Raises have mainly been funded by Institutional Investors/Foreign Investors, willing to fund The CyanConnode Groups expansion, which was very welcome and shows confidence in the Company.

As we know, there were other Fund-Raises prior to the ones I will mention, for different reasons, but it puts into context where the majority of funding has come from over the last couple of years, or so.

- November 2023 - Placing and Subscription for £2.5 million.

- September 2024 - Axia Investments Limited invested circa £3 million in CyanConnode, with certain Company Directors also participating additionally, along with new and existing institutional investors and other investors - the overall fund-raise was approximately £5 million. This Fund-Raise was over-subscribed.

- March 2025 - Axia Investments Limited provided a £5 million Growth Loan. Within the RNS, CyanConnode confirmed:-

" In addition to securing this loan, the Company is actively assessing a range of long-term financing options to support its accelerating growth and ensure CyanConnode maintains the financial flexibility to capitalise on increasing demand for its smart metering solutions, while driving continued expansion."

- May 2025 - Abu Dhabi - Smart Sustainability Solutions Limited - A loan of $7.5 million ( Approximately £5.56 million at todays exchange rate ) was used to repay the Axia Investments £5 million unsecured loan, from March 2025.

- July 2025 - Abu Dhabi - Smart Sustainability Solutions Limited - A loan note for a further $7.5 million ( Approximately £5.56 million at todays exchange rate ) - to support CyanConnode's " ...... broader working capital and business development activities, as it targets additional large-scale opportunities across India's national smart metering programme."

Within the July 2025 RNS, CyanConnode informs us that the Goa smart meter project is fully funded and " ...... have appointed a specialist contractor, under an innovative arrangement whereby all project funding is sourced externally. This forward-looking structure enables CyanConnode to accelerate execution, preserve its balance sheet and retain strategic control over project delivery."

So as far as I am concerned, I do not feel as though CyanConnode are " ...... constantly drawing from shareholders."

But as I have said before, there are many reasons for fund raising. A fund raise for expansion, is far better than a fund raise for survival. There are larger companies than CyanConnode, that raise money for expansion and that is the stage that The CyanConnode Group find themselves in at the moment. In my opinion.

Good Luck all,

LTI.

Good evening tonyj,

As we understand it, CyanConnode over the last 8 to 10 years, developed the Omnimesh suite of solutions for electricity, gas and water smart meters, along with EV charging and heat-pump solutions, to accommodate the current requirements. CyanConnode has also developed from IPv4 to IPv6, have developed their own UHES solution, along with the In-Meter Gateways.

CyanConnode India have also branched out with its first AMISP smart meter project in Goa, which we understand is fully funded. CyanConnode has moved into a new office suite in Cambridge and also has offices in Sweden, India and the UAE.

With a strong order-book already logged in the CyanConnode India business and the potential for further orders from India and globally also, that is what I am invested in.

You cannot build a house, on foundations made of sand alone. You have to add the cement, the gravel and water, to make a strong enough concrete foundation to build on.

The CyanConnode business has taken far longer than anyone thought it would do, I feel. But the potential global opportunities are far greater than anyone originally thought of. In my opinion.

Take care tonyj and looking forward to 2026 and the opportunities that will present themselves, as the CyanConnode Group progresses.

LTI.

Good morning all,

From the CyanConnode India, x.com post, this morning:-

" A few months ago, @CyanConnode crossed the 5M communication nodes delivered milestone in #India, reflecting a steady ramp-up in execution, supply-chain readiness & platforms built to scale.

" Each milestone achieved faster than the last, reinforcing delivery capability at scale."

Quite an achievement, from where both India and CyanConnode were 10 years ago, in my opinion. And long may the " .....steady ramp-up in execution ....... " continue, potentially, on a global scale. Also, in my opinion.

India, as I have mentioned before, I feel has been CyanConnode's " Proving Ground " and could form the blue-print for developing smart meter/smart grid integration, in other global regions, also.

Good Luck all.

LTI.

..... has provided some " milestone " installation information for India, over the last few years, which " ..... reinforces delivery capability at scale."

https://x.com/CyanConnode_Ind/status/2005533499068137769

Good Luck all.

LTI.

...... provided, on 23rd December, 2025, an " Exclusive Interview with Mr. Rahul Das, President Global Sales, CyanConnode " on the challenges and progress that the CyanConnode Group has made during this year:-

https://x.com/CyanConnode_Ind/status/2003414567171539331

https://electricalmirror.net/mr-rahul-das-president-global-sales-cyanconnode/

Good morning all,

An interesting insight from Rahul Das, on the steady progress that the CyanConnode Group has made/is making and the long-term vision of the CyanConnode Group, overall.

Good Luck all.

LTI.

..... has announced on x.com, about the Omnimesh Platform installed in Jabalpur, Madhya Pradesh, India:-

https://x.com/CyanConnode_Ind/status/2004424789130387805

Good Luck all,

LTI.

....... over the last 30 months or so, the RNS's relating to a number of IntelliSmart orders, with the installation progress found within the CyanConnode Interim Report, provided on 18th December, 2025.

Good Luck all.

LTI.

....... that it will be installing 24 lakh smart meters for DGVCL, under Phase 11 of the smart meter project:-

https://x.com/Intelli_Smart/status/2002980148858191999

Good Luck gizmo and a Merry Christmas and a Happy New Year.

LTI.

...... installing over 50 lakh smart prepaid meters in Assam:-

https://x.com/Intelli_Smart/status/2003090575722152251

Good Luck all and a Merry Christmas and a Happy New Year.

LTI.

..... India - Sub-contractor for smart metering projects:-

" CyanConnode currently has 17 projects where it is acting as a sub-contractor, providing smart metering communications systems. During the period, shipments of Omnimesh modules increased sharply, to 893,000, compared with 377,000 in the same period last year. This is a clear indicator of operational momentum, reflecting the role of smart meter installations across our projects.

" The Company is well placed to bid for further smart metering projects, as a sub-contractor, providing communications systems and is targeting an estimated £45 million worth of these projects, over the next 18 months."

Good evening all,

The block-chart on page one of the Interim Report, also shows how the overall smart meter installations have gradually increased in India, over the last five years or so, and with CyanConnode's contracted order-book, as of 30th September, 2025, standing at £157 million, that should keep CyanConnode and Partners busy, for a while.

Good Luck all.

LTI.

....... Investor Presentation.

- Following completion of Q3 FY 2026, on 31 December, 2025, the Company intends to hold an Investor Presentation on the Investor Meet Company platform, for share-holders, in Q4 FY 2026.

Lets see where we are and how we progress, into Q4 FY 2026 and on the run-in towards the end of the financial year - dependant on when they have it, of course.

Good Luck all.

LTI.

Good afternoon all,

CyanConnode seem to be transitioning from FG23, to the FG28 module, which seems to be the overall cause for lower Gross profit.

CyanConnode also mention that even though the revenue increased, over the same period for last year, the Gross profit was down by circa £400k, due " ....... to lower than usual pricing on certain contracts, agreed in anticipation of new, higher margin products coming through, such as FG28 module, cellular modules and In-Meter Gateways, which have significantly lower costs.

There are many positives within the report, I feel, despite the market reaction this morning and throughout the day.

Good Luck all.

LTI.

Sorry, missed a bit, should read " A steady progression, I feel, overall."

Good Luck all.

LTI.

...... have been published, with revenue for H1 coming in at £7.4 million, growing from £5.6 million during the same period last year:-

https://polaris.brighterir.com/public/cyan/news/rns/story/w00vdzw

John Cronin, CEO, commented:-

" This has been a successful period for the business. In April, we secured our first Advanced Metering Infrastructure Service Provider ( AMISP ) contract, to deliver a major smart metering rollout in Goa - our largest contract to date - which nearly doubled our contracted order-book to £157 million, at 30th September, 2025. This milestone win has significantly increased our scale and strengthened our ability to win additional AMISP contracts, alongside ongoing sub-contracting opportunities. In India alone, our Serviceable Obtainable Market ( SOM ), is £231 million.

" India is our largest market and the Indian Government remains very focused on reversing approximately $15 billion lost annually to electricity theft and inefficiencies. To address this, the revised national smart metering programme ( RDSS ), launched in 2022, is now accelerating, as shown in the graph below. This is creating a positive tail-wind, which is reflected in our revenue performance, up by 32% in the period to £7.4 million ( over 40% on a constant currency basis ).

" We also strengthened our financial position by raising $15 million through two convertible loan notes, supporting both working capital and our ability to win further contracts. Outside India, performance remains strong, including winning a £1.2 million cellular gateway order in the Middle East and North Africa.

" With 17 live smart metering projects and revenue generation from the Goa expected to begin in earnest, shortly, the business is well-positioned for sustainable growth, through the remainder of FY 2026 and into FY 2027."

A steady I feel, overall.

Good Luck all,

LTI.

Good evening gizmo,

I hadn't heard about DGSmeter being a subsidiary of IntelliSmart, or the Piplod project. So thank you for the heads-up.

Good Luck,

LTI.

Hello all,

MonteCarlo and Partners have increased smart meter installations by just under 335k, in two of their smart meter projects, while IntelliSmart and Partners have increased their smart meter installations by approximately 132k during December 2025, within 5 of their smart meter projects. Genus and Partners have increased their smart meter installations by 560k+, within 10 of their smart meter projects.

So, with the consortia mentioned and along with the other consortia that have contributed, another encouraging period of smart meter installations, prior to the end of the year.

Good Luck all.

LTI.