CyanConnode Holdings PLC Contract Wins (2533R)

TIDMCYAN

RNS Number : 2533R

CyanConnode Holdings PLC

08 December 2016

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Contract Wins

CyanConnode Expands Scandinavian Projects with E.ON, as part of one of the first smart city projects in Sweden, and Landis+Gyr

CyanConnode (AIM: CYAN), the world leader in narrowband RF networks for Omni Internet of Things (IoT) communications, announces a purchase order for a Panmesh smart metering pilot project in Sweden from E.ON as well as a new order worth EUR230,000 from Landis+Gyr for a project in Finland.

E.ON:

The order is comprised of CyanConnode gateways to enable its IPv6 6LoWPAN Panmesh solution in Hyllie, a new sustainable city district of Malmö, Sweden. CyanConnode's standards-based Panmesh will support the initial pilot implementation of 400 smart electricity meters across the district.

Panmesh is designed to support single and multi-application networks, delivering a versatile solution for current and future customer needs. As part of the Hyllie project, E.ON plans to add other smart city services to the pilot implementation, for example smart lighting control, environmental sensors and waste management solutions to become a full IoT implementation. E.ON is responsible for the distribution of power, gas and heat, serving about 1 million customers in Sweden.

John Cronin, CyanConnode Executive Chairman, commented: "We are pleased to announce this Panmesh smart metering pilot project from E.ON. CyanConnode has been working with this utility in Sweden since 2006, delivering a robust communication solution, based on the legacy C3 product, which meets all Service Level Agreements.

"This is exciting for the Company as this will be the first project where the customer will deploy the full CyanConnode IPv6-based Panmesh solution as an evolution of their existing C3 deployment. Sweden is a leader in sustainability and the customer's focus is to support customers and communities to regulate their own energy consumption. This implementation is further evidence of CyanConnode's suitability for the European and global markets, providing an improved customer experience. We remain optimistic about the opportunity to roll out our standards-based solution as we further enhance our geographic reach."

Thomas Pehrsson, E.ON Project Manager, commented: "We are committed to supplying energy-efficient solutions and helping our customers and their communities become more sustainable. CyanConnode's narrowband RF mesh technology provides E.ON with a complementary solution to support cellular networks as well as a city-wide network to connect multi-application devices at a low cost of ownership."

In 2011, the City of Malmo and E.ON signed a Climate Contract for Hyllie. Under the contract, they will jointly undertake to lay the foundation for Hyllie to become the Oresund region's most climate-smart city district and a global benchmark for sustainable urban development. When Hyllie is fully developed around 2030, the area is intended to comprise around 9,000 homes and nearly as many workplaces.

Landis+Gyr:

The new order is for CyanConnode's legacy C3 solution, which has been rolled out in volume at a large utility company in Finland since 2009, and this is a follow-on order worth EUR 230,000 for a further extension. The order will commence delivery in early 2017, with all deliveries complete by the end of the first half of 2017.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). This inside information is now considered to be in the public domain.

Enquiries:

 
 CyanConnode Holdings plc          Tel: [phone] 
                                    225 060 
 John Cronin, Executive Chairman   www.cyanconnode.com 
 
 Cantor Fitzgerald Europe -        Tel: [phone] 
  Nomad and Broker                  7000 
 Andrew Craig / Richard Salmond 
 
 Beaufort Securities Limited       Tel: +44 (0) 20 
  - Joint Broker                    7382 8300 
 Jon Belliss 
 
 Walbrook PR - Financial PR        Tel: [phone] 
                                    8780 
 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.

About E.ON

E.ON Sweden is part of the international E.ON Group, which is one of the world's largest privately and investor owned utilities. As utility company, our mission is to contribute in building a sustainable society. E.ON Sweden invests in sustainable energy production and distribution and in development projects related to customer solutions, sustainable cities and sustainable transport.

For more information, please visit www.eon.com/se

About Landis+Gyr

Landis+Gyr is the leading global provider of integrated energy management solutions for the utility sector. Offering the broadest portfolio of products and services to address complex industry challenges, the company delivers comprehensive solutions for the foundation of a smarter grid including; smart metering, distribution network sensing and automation tools, load control, analytics and energy storage. Landis+Gyr operates in 31 countries across five continents as an independent growth platform of the Toshiba Corporation (TKY:6502) and is also 40% owned by the Innovation Network Corporation of Japan (INCJ). With annualized sales of more than US$1.5 billion, the company employs 5,700 people with the sole mission of helping the world manage energy better. More information is available at landisgyr.com

For more information, please visit http://www.landisgyr.com/

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTFSSFWWFMSEDE

(END) Dow Jones Newswires

December 08, 2016 02:00 ET (07:00 GMT)