CyanConnode Holdings plc

CYAN

GB00BF93WP34

Semiconductors

Market Closed - London S.E. Other stock markets 11:35:25 2024-04-26 am EDT			5-day change	1st Jan Change
8.3 ^GBX	0.00%		-4.05%	+0.61%

Apr. 16	CyanConnode shares jump as revenue "materially" ahead of expectations	AN
Apr. 15	CyanConnode Wins New Supply Order for Omnimesh Modules	MT

CyanConnode shares climb on order win for 1 million Omnimesh modules

January 11, 2024 at 06:36 am EST

(Alliance News) - CyanConnode Holdings PLC on Thursday said its subsidiary, CyanConnode Pvt Ltd, has received an order from Montecarlo Ltd for one million Omnimesh modules.

Shares in the Cambridge, England-based narrowband radio frequency mesh networks provider rose 13% to 11.65 pence each in London on Thursday morning.

The order is the deployment of a smart metering in Nagpur, India, with the supply of Omnimesh modules scheduled for the first quarter of 2024.

The installation will be finished within 27 months, CyanConnode said, and will be followed by a 93 month support and maintenance contract, once the installation phase is complete.

Approximately 60% of the contract will be paid during the installation phase, while the remaining 40% of the contract will be paid for in equal monthly instalments over the duration of the support and maintenance contract period.

This is the second order CyanConnode receives from Montecarlo, a Gujarat, India-based infrastructure development firm, which placed an order for 983,525 Omnimesh modules last year for its smart metering deployment in Jabalpur, Madhya Pradesh.

Omnimesh is an electricity metering capability designed to offer multi-technology communications to support Smart Grid AMI solutions.

CyanConnode Chair John Cronin said: This new contract for one million Omnimesh modules is a testament to our standards-based, innovative technology and deep understanding of India's smart metering landscape. It also underscores the growing market acceptance and momentum for our products. This order significantly boosts our total Indian order book to 6.3 million units, with 3.9 million modules scheduled for delivery in accordance with the established project timelines."

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	SMART METERING SYSTEMS	952 GBX	0.00%	-0.42%	1.64B
	CYANCONNODE HOLDINGS PLC	8.3 GBX	0.00%	-4.05%	29.75M

Latest news about CyanConnode Holdings plc

CyanConnode shares jump as revenue "materially" ahead of expectations	Apr. 16	AN
CyanConnode Wins New Supply Order for Omnimesh Modules	Apr. 15	MT
CyanConnode shares edge higher on latest module contract in India	Apr. 15	AN
CyanConnode Holdings plc Receives Order for New Deployment in India	Apr. 15	CI
CyanConnode partner JST receives Thai utility project order	Feb. 12	AN
CyanConnode Receives New Order from JST Group	Feb. 12	MT
CyanConnode Holdings plc Announces Change in Non-Executive Director	Jan. 15	CI
CyanConnode shares climb on order win for 1 million Omnimesh modules	Jan. 11	AN
AIM WINNERS & LOSERS: Windward sails higher; Nostra Terra raises funds	Jan. 11	AN
CyanConnode Wins Order for Omnimesh Modules from India; Shares Rise	Jan. 11	MT
Stocks in the green; M&S slides as Tesco edges up	Jan. 11	AN
CyanConnode stays optimistic as revenue surges; loss narrows	Dec. 19	AN
Earnings Flash (CYAN.L) CYANCONNODE HOLDINGS Reports Fiscal H1 Loss GBX-0.72	Dec. 19	MT
Earnings Flash (CYAN.L) CYANCONNODE HOLDINGS Posts Fiscal H1 Revenue GBP5.8M	Dec. 19	MT
CyanConnode Holdings plc Reports Earnings Results for the Half Year Ended September 30, 2023	Dec. 19	CI
CyanConnode Holdings plc Announces Change of Registered Office	Dec. 06	CI
EARNINGS AND TRADING: Chapel Down hopes to make splash on AIM	Nov. 09	AN
CyanConnode plans to raise GBP2.5 million for strengthen balance sheet	Nov. 08	AN
Zotefams wins Nike deal; Serinus in licence extension	23-10-31	AN
CyanConnode Holdings plc Receives Letter of Award for Follow-On Smart Metering Deployment in the Middle East and North Africa	23-10-31	CI
CyanConnode seals contract for 300,000 Omnimesh modules	23-10-10	AN
CyanConnode Wins New Order for Omnimesh Modules in India	23-10-10	MT
CyanConnode Holdings plc Receives Order for 300,000 Omnimesh Modules from Intellismart Infrastructure Private Limited	23-10-10	CI
FTSE 100 Closed Up 0.5% Despite Oil Price Drag	23-10-05	DJ
CyanConnode sees first half revenue multiply as orders rise on-year	23-10-05	AN

Chart CyanConnode Holdings plc

Duration

Period

More charts

Company Profile

CyanConnode Holdings plc is a United Kingdom-based company. The Company operates Narrowband Radio Frequency (RF) Smart Mesh Networks, which are used for machine to machine (M2M) communication. The Company's RF Smart Mesh Networks are designed for rapid deployment. It is a specialist provider of communication technologies for smart metering, lighting, and the Internet of Things. The Company provides customers with low-power, end-to-end networking solutions with applications that save energy, as well as providing enhanced service delivery and improved business efficiency. Its Omnimesh solution is based on Internet Protocol version 6 (IPv6) 6LoWPAN, is a standards-based wireless neighborhood area network (NAN). It is a secure IP-based M2M platform that uses narrowband radio mesh networks and cellular networks to create scalable, self-healing and self-configuring deployments that enable rapid innovation for the implementation of third-party applications.

Sector

Semiconductors

Calendar

2024-08-01 - Q4 2024 Earnings Release (Projected)

More about the company