27 June 2024
CyanConnode Holdings plc
("CyanConnode" or the "Company")
Empanelment Of Digismart Networks For
Cellular Deployment In India
CyanConnode Holdings plc (LSE:
CYAN), a global leader in Narrowband Radio
Frequency (RF) Smart Mesh Networks, is pleased to announce that
DigiSmart Networks Private Limited (DigiSmart), a wholly owned
subsidiary of CyanConnode Private Ltd, has now been certified to
deploy Cellular technology as an Advanced Metering Infrastructure
Service Provider (AMISP). This new
certification complements the Omnimesh RF Network certification
obtained on 22 May 2024.
The certification issued by REC Ltd,
(formerly known as the Rural Electrification Corporation Limited
which is ultimately owned by the Ministry of Power), is valid until
23 June 2028. This certification recognises DigiSmart's adherence
and compliance with the stringent specifications set out in the
Request for Empanelment, enabling DigiSmart to bid directly as an
AMISP under the Revamped Distribution Sector Scheme (RDSS) for
smart prepaid metering in India on a Design, Build, Finance, Own,
Operate, and Transfer (DBFOOT) basis.
This additional certification
substantially strengthens CyanConnode's strategic position in
India, enabling broader participation in the national smart meter
rollout The certification allows the
Company to offer a variety of technologies, including third-party
cellular and hybrid models tailored to each deployment. With over 3
million Omnimesh Modules already deployed across India,
CyanConnode, through its subsidiary DigiSmart, is now positioned to
bid directly for major projects throughout the
country.
John Cronin, Executive Chairman of
CyanConnode, commented:
"We are extremely pleased with
DigiSmart's latest certification which enables CyanConnode, through
Digismart, to directly bid for smart metering projects across
India. This achievement is a testament to our commitment to
providing cutting-edge technology solutions and reinforces our
strategic position in the Indian market. With 15 years of
successful operations in India and a robust order book, CyanConnode
is uniquely positioned to drive the evolution of smart metering
systems and thereby support the Government of India's vision for
energy modernisation. Certifications for both RF and Cellular
technologies uniquely position us to directly bid for significant
projects across India, and provide the technology best suited to
each project."
-Ends-
Enquiries:
CyanConnode Holdings
plc
Tel: +44 (0) 1223 865 750
John Cronin, Executive
Chairman
www.cyanconnode.com
Strand Hanson Limited (Nominated and Financial Adviser)
Tel: +44 (0) 20 7409 3494
James Harris / Richard Johnson /
David Asquith
Zeus
Capital Limited (Joint
Broker)
Tel: +44 (0) 20 3829 5900
Simon Johnson / Louisa
Waddell
Panmure Gordon (UK) Limited (Joint
Broker)
Tel: +44 (0) 20 7886 2500
Rupert Dearden / Freddy
Crossley
About
CyanConnode
CyanConnode (AIM:CYAN.L), is a world
leader in Narrowband Radio Frequency (RF) Smart Mesh Networks,
which are used for machine to machine (M2M) communication. As
well as being self-forming and self-healing, CyanConnode's RF Smart
Mesh Networks are designed for rapid deployment, whilst giving
exceptional performance and competitive total cost of
ownership.
In June 2018, CyanConnode launched
its award-winning Omnimesh Advanced Metering Infrastructure (AMI)
platform, which has already gained considerable commercial
traction, especially in India which is a key market for the
Company.
Through a Global partner eco-system,
which is vendor agnostic, CyanConnode has several routes to market,
therefore it is well positioned to capitalise upon increasing
Global demand for smart metering solutions.