Last checked at 30 May 2018 07:00
CyanConnode Holdings plc ("CyanConnode" or the "Company")
New order from L&T for a further 5,000 smart meters in India
CyanConnode, the world leader in narrowband radio mesh networks, announces receipt of a purchase order from Larsen & Toubro (L&T) for a 5,000 unit smart metering deployment for a new customer in India.
The significance of this purchase order from L&T, for CyanConnode's Advanced Metering Infrastructure ("AMI") solution, is that it is the first phase of a 20,000 unit project for a new customer. L&T require the first 4,000 units within the next month.
CyanConnode will provide communications hardware and software for the implementation of its narrowband RF mesh AMI solution for 5,000 smart meters. As one of the largest meter manufacturers to the Indian utility sector, L&T is already providing smart meters, enabled by CyanConnode's AMI technology, to Tata Power in Mumbai. This order brings the total units ordered by L&T to 31,735.
Last week CyanConnode announced receipt of a $3.2m order from L&T, its largest order to date from this strategic partner, further strengthening the relationship with L&T. These recent orders also demonstrate the suitability of CyanConnode's proven technology for the Indian market as well as the growing demand for its range of products.
John Cronin, CyanConnode Executive Chairman, commented: "We are pleased to announce an order, for a new customer, from our strategic partner, L&T. The order not only validates the strength of our partnership with L&T but also the potential opportunity offered by the smart metering market in India."
Enquiries:
CyanConnode Holdings plc | Tel: +44 (0) 1223 225 060 |
John Cronin, Executive Chairman | www.cyanconnode.com |
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FinnCap Ltd (Nomad and Broker) | Tel: +44 (0) 20 7220 0500 |
Adrian Hargrave / Giles Rolls (Corporate Finance) Alice Lane (Corporate Broking) |
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Walbrook PR (Financial PR) Paul Cornelius / Nick Rome
| Tel: +44(0) 20 7933 8780 cyanconnode@walbrookpr.com |
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About CyanConnode
CyanConnode is a world leader in narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications. Its innovative solutions use sub GHz frequencies and are optimised for exceptional performance. Optimal solutions provide end-to-end quality of service and total cost of ownership and IPv6 6LoWPAN delivers standards-based IPv6 solutions, enabling rapid innovation for the implementation of 3rd party applications. Through its global partner eco-system, CyanConnode provides customers with the flexibility and choice required to converge networks for applications in smart cities and IoT, delivering increased customer value.
For more information, please visit www.cyanconnode.com.
About Larsen & Toubro
Larsen & Toubro is a USD 15 billion technology, engineering, construction, projects, manufacturing and financial services conglomerate, with global operations.
The company is engaged in core, high-impact sectors - infrastructure, construction, defence, hydrocarbon, heavy engineering, power, aerospace, shipbuilding, electrical & automation, mining and metallurgy. Its integrated capabilities span the entire spectrum of 'design-to-deliver', and it offers turnkey EPC solutions in its major business lines. Its track record covers products, projects and processes executed to international benchmarks.
Electrical & Automation is a major business portfolio of Larsen & Toubro. The business basket of Electrical & Automation (E&A) contains low and medium voltage switchgear products, electrical systems, energy meters and automation solutions. Its products and solutions cater to industry, utility, building & home, infrastructure and agriculture segments.
For more information, please visit www.larsentoubro.com.