Hardman & Co Research 
Hardman & Co Research: CyanConnode (CYAN): Major new contracts in India and Africa 
05-Aug-2021 / 14:05 GMT/BST 
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Hardman & Co Research: Major new contracts in India and Africa 
CyanConnode has this week announced two major new orders, one in India, for 152,000 smart meter modules, and the other 
in Africa for 100,000 modules. Both are plus associated gateways, software licences and maintenance for full Advanced 
Metering Infrastructure (AMI). In India, the customer is a new one for CyanConnode, while the prime contractor is 
Schneider Electric (Schneider), one of the largest global manufacturers of infrastructure platforms. The details of the 
African contract remain confidential. 80%-90% of revenue for both contracts is expected to be recognised in the first 
two years, leading to upgrades to our FY'22 estimates. 
Please click on the link below for the full report: 
https://www.hardmanandco.com/research/corporate-research/major-new-contracts-in-india-and-africa/ 
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1224428 05-Aug-2021

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(END) Dow Jones Newswires

August 05, 2021 09:05 ET (13:05 GMT)