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15 Nov 2018 | 10:19

CyanConnode inks distribution agreement with Adtel

CyanConnode said Thursday it had inked a distribution agreement with Adtel, who would distribute the company's smart metering RF network technology in the Philippines.

Under the terms of the agreement, entered into in August 2018, which included sales performance milestones, Adtel and its subsidiary Quantum Renewable would distribute CyanConnode's Optimal technology, an end-to-end smart metering RF network solution that included software and RF network management tools.

Adtel distributed communication network equipment across the Philippines and its parent company Lopez Inc also supplied the electric power distribution sector in the region, CyanConnode said. Both would offer its customers CyanConnode's smart metering RF network technology, the company added.

At 10:19am: (LON:CYAN) CyanConnode PLC share price was +0.4p at 10.1p

Story provided by StockMarketWire.com
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