CyanConnode Holdings PLC Appointment of Managing Director India

TIDMCYAN

CyanConnode Holdings PLC

07 September 2017

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Appointment of Managing Director India

CyanConnode, the world leader in narrowband radio mesh networks, announces the appointment of Anil Daulani as Managing Director India, with responsibility for managing the India operation including sales, customer delivery, technical pre-sales and support.

Anil joins CyanConnode from Tech Mahindra(1) , where he held the position of Global Head & Vice President Utilities for the last five years. Prior to joining Tech Mahindra, Anil led the Indian utilities business initiatives for HCL Infosystems(2) for seven years. Anil is a highly experienced executive with knowledge of both the energy sector and IT solutions and has established strategic relationships with CEO/CXO officers at both public and private utilities, resulting in over US$300 million contract wins.

The CyanConnode pipeline of commercial opportunities in India has grown significantly to US$84 million. Anil will be responsible for both the conversion of these opportunities into contracts as well as their successful delivery, which will result in substantive growth in both revenues and customer payments.

In his role at Tech Mahindra, Anil handled large, complex system integration led project bids, resulting in multi-million dollar contract wins. Working with multiple utilities as an executive sponsor, Anil provided commercial, technical and operational improvements in project implementation. In addition to his project implementation, Anil developed The Utilities Centre of Excellence Team at Tech Mahindra, which provides industry knowledge in digital utilities, smart grids, utility operations, metering, billing and CRM. He has been instrumental in creating SAP and Oracle competences for utilities and is a regular speaker at utility conferences both within and outside India.

Anil joined CyanConnode this week and will be based out of the Delhi office, managing the local team across India, and will be appointed as a Director of CyanConnode Pvt Limited in India.

John Cronin, CyanConnode Executive Chairman, commented: "In recent months, we have seen a significant increase in both the number and size of the smart metering opportunities in India, with several tenders now active for hundreds of thousands of units. CyanConnode has established a leadership position in this key market and we are confident that the skills, experience and connections that Anil brings will result in significant revenue growth."

Anil Daulani commented: "I am delighted to be joining as the projects to rollout smart metering in India are now targeting critical mass. CyanConnode has already won the majority of the projects and is very well positioned to maintain this leadership position as India evolves into the largest global smart metering market over the next several years."

(1) https://www.techmahindra.com/company/default.aspx

(2) https://www.hclinfosystems.in/

Enquiries

 
 CyanConnode Holdings plc                   Tel: [phone] 
 John Cronin, Executive Chairman            www.cyanconnode.com 
 
 FinnCap Ltd (Nomad and Broker)             Tel: [phone] 
 Adrian Hargrave / Giles Rolls (Corporate 
  Finance) 
  Alice Lane (Corporate Broking) 
 
 Walbrook PR (Financial PR)                 Tel: [phone] 
 Paul Cornelius / Nick Rome                 [e-mail] 
 

About CyanConnode

CyanConnode is a world leader in narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications. Its innovative solutions use sub GHz frequencies and are optimised for exceptional performance. Ultimesh solutions provide end-to-end quality of service and total cost of ownership and Panmesh delivers standards-based IPv6 solutions, enabling rapid innovation for the implementation of 3rd party applications. Through its global partner eco-system, CyanConnode provides customers with the flexibility and choice required to converge networks for applications in smart cities and IoT, delivering increased customer value.

For more information, please visit www.cyanconnode.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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September 07, 2017 02:01 ET (06:01 GMT)