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03 Apr 2019 | 09:15

CyanConnode receives order for smart metering utility project in India

CyanConnode received an order from a new partner for an Indian state-owned Utility to provide 3,000 smart meters, which would use a hybrid RF Smart Mesh and cellular communications network. This was the first order from this new partner, who is a system integrator that provided utilities with solutions to improve customer service, as well as reducing non-technical losses.

Delivery of the project and recognition of revenue would be during 2019, the company confirmed.

CyanConnode said expected to receive follow on orders when the evaluation process has been completed.

At 9:15am: (LON:CYAN) CyanConnode PLC share price was +0.25p at 6.45p

Story provided by StockMarketWire.com
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