Cyanconnode Share Discussion Threads

[tomboyb] 07/12/2018 09:22

John Cronin, CyanConnode Executive Chairman, commented: "We are very pleased to announce the Company's first Licensing Agreement with a new Chinese Partner, Beijing Instruments. CyanConnode can provide licensing packages that support partners' needs as well as facilitating the localised manufacture of components. As there will be little or no associated development or manufacturing costs, the impact on our resources will be minimal. We look forward to a long and successful collaborative partnership with Beijing Instruments."

Actually looks pretty good -

[detective1] 07/12/2018 09:22

Nice deal.

[tomboyb] 07/12/2018 09:20

a USD 4M Licensing Agreement with Beijing Jingybeifang Instrument Co., Ltd

Beijing Instruments, a State-owned company, is well positioned in the Chinese smart metering market. It is also looking forward to working with CyanConnode in international markets."

[tomboyb] 07/12/2018 09:18

CyanConnode Holdings PLC First Licensing Agreement with Chinese Partner
07/12/2018 9:07am
UK Regulatory (RNS & others)

Cyan (LSE:CYAN)
Intraday Stock Chart
Today : Friday 7 December 2018

Click Here for more Cyan Charts.
TIDMCYAN

RNS Number : 8028J

CyanConnode Holdings PLC

07 December 2018

CyanConnode Holdings plc

("CyanConnode" or the "Company")

CyanConnode signs its first Licensing Agreement with Chinese Partner

CyanConnode, a world leader in narrowband radio frequency ("RF") Mesh Networks, is pleased to announce that it has signed a USD 4M Licensing Agreement with Beijing Jingybeifang Instrument Co., Ltd ("Beijing Instruments"). The Licensing Agreement provides Beijing Instruments with the right to use CyanConnode's reference designs to manufacture Advanced Metering Infrastructure ("AMI") including RF mesh network technologies, which Beijing Instruments hopes to supply to its customers.

Beijing Instruments is a well-established meter manufacturer and since 1998, it has been a main supplier to the State Grid Corporation of China. CyanConnode and Beijing Instruments are also pleased to announce that they have agreed to collaborate on sales opportunities outside of China.

According to a report from analyst Navigant Research, China's shipment of smart electric meters hit 130 million units in 2016. They have also calculated that the compound annual growth rate ("CAGR") of shipments for the period 2017 to 2021, will be between 3% and 5%(1) .

This is CyanConnode's first Licensing Agreement and the terms of the contract grant Beijing Instruments the right to use CyanConnode's reference designs to manufacture its AMI RF modules and gateways. Beijing Instruments will pay a license fee each time a RF module and/or gateway unit is manufactured, for a total number of modules and gateways over a two year time frame totalling USD 4m.

John Cronin, CyanConnode Executive Chairman, commented: "We are very pleased to announce the Company's first Licensing Agreement with a new Chinese Partner, Beijing Instruments. CyanConnode can provide licensing packages that support partners' needs as well as facilitating the localised manufacture of components. As there will be little or no associated development or manufacturing costs, the impact on our resources will be minimal. We look forward to a long and successful collaborative partnership with Beijing Instruments."

Mr Li Yi, Beijing Instruments General Manager, commented: "The CyanConnode licensing package enables Beijing Instruments to offer its customers next generation smart meters based on IPv6 standard RF mesh network technologies that are self-forming and self-healing. Beijing Instruments, a State-owned company, is well positioned in the Chinese smart metering market. It is also looking forward to working with CyanConnode in international markets."

The smart metering market is rapidly evolving and the size of implementations increasing. CyanConnode offers licensing packages that can deliver market-leading technology to support partners' business models. These licensing packages can provide partners with product that not only outperforms against large and well-known brands, it is also highly reliable with a competitive total cost of ownership.

This signed Licensing Agreement is the high margin license sale opportunity expected in late in 2018, referred to in the Company's previous announcement of 19 October 2018; the Company is currently taking advice from its auditors regarding revenue recognition in relation to this signed Licensing Agreement.

(1) hxxps://www.smart-energy.com/industry-sectors/smart-energy/china-smart-electric-meter-market/

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

[lwaxf13] 28/11/2018 17:05

Another worthless award for the world leading failure of a company. Maybe someone will be rewarded with a bonus for this or some options at a pathetic low price that is even way too high for this lot to hit.

[realist1950] 28/11/2018 09:42

And with regards to this company actually 'doing business' and gaining meaningful recognition within it's industry..........I advise others to do what I do from time to time.

GOOGLE THE COMPANY

The first three pages (the most important pages) are almost entirely made up of investment results all with low grade links pointing to bb / LSE / chat etc

There is so very little regarding the companies operations and positioning.

Google search results can be an interesting litmus.

The results for CYAN do not add any credibility in my view.

Until things change, if ever, INVESTORS themselves would seem to be the product or focus here........after all, this is from where the companies funds have been derived for the past FIFTEEN YEARS.

[realist1950] 28/11/2018 09:35

And I agree mtw, these back-slapping awards are very dubious in my opinion.

The last one, prior to this mornings, felt very contrived / conceited and read entirely like a message to the investment community imo.

Not good.

[realist1950] 28/11/2018 09:32

Excellent post MTW, marked up.

I was actually musing this morning on how many contracts (awarded but not yet delivered / paid for) are now so very, very old. How many stretch back YEARS? Yet still they are being used and quoted irrespective of whether they will ever come to fruition.

CYAN seem very reluctant to RNS / report which contracts have fallen from grace imo.

(They had to be pushed to RNS that TNEB had gone to 'back burner' status).

No. Instead, whilst CYAN likes to RNS such orders they choose to replace any lag (lets be generous and call it lag!) in delivery with NEW orders. This way they never release overtly 'bad news'. THAT does come at interim and FY results time however, year in, year out, where the REALITY of their shocking inability to convert said hot air into cash is all too explicitly revealed.

What a shower.

All in my opinion, as ever. ADYOR. All without prejudice.

[mtw] 28/11/2018 08:49

Another paid for award. Cronin does like those and then putting out an RNS about it to deflect the unpalatable truth that meaningful orders are not being billed. Nothing changes here except the Cyan mouthpieces over at lse glee club putting random prices on the party ties (one clown even preaches a £5 share price ffs). Cronins pipeline is looking rather more like a squashed grubby drinking straw than anything which will deliver much needed revenue. At least the recent placing and dilution gives comfort to the BoDs for them to resume their awards MOUs and presentation fantasies in lieu of real world business.

[detective1] 28/11/2018 07:03

CyanConnode Holdings PLC Acknowledged At The IPPAI Power Awards 2018Source: RNS Non-RegulatoryTIDMCYANCyanConnode Holdings PLC28 November 2018CyanConnode Holdings plc("CyanConnode" or the "Company")CyanConnode Acknowledged At The IPPAI Power Awards 2018CyanConnode, a world leader in Narrowband Radio Frequency ("RF") Mesh Networks, is pleased to announce that its revolutionary Omnimesh platform has been acknowledged at The Independent Power Producers Association of India ("IPPAI") Power Awards 2018.The IPPAI Power Awards recognise individuals and bodies that have significantly contributed to the development of the power sector in India. CyanConnode's innovative technology was acknowledged in the "Innovation in Techno Commercial - IPv6 over Low-Power Wireless Personal Area Networks ("6LoWPAN") Technology" category.CyanConnode's standards-based technology was recognised for being cost-effective, scalable and meeting the Advanced Metering Infrastructure ("AMI") requirements of the Indian smart metering market. The award was presented by IPPAI's Director General, Harry Dhaul, to CyanConnode Pvt Limited's Senior Business Manager, Subir Majumdar.Delivered as part of CyanConnode's Omni IoT Platform, Omnimesh RF Mesh Networks are self-forming and self-healing, provide unlimited coverage and reliable communication capabilities, supporting the Smart Grid.Anil Daulani, Managing Director of CyanConnode Pvt Limited, commented: "We are delighted to receive this prestigious award, which recognises our highly innovative technology and market leading position. CyanConnode's approach ensures that we have the right technology, partners and expertise to provide secure, cost-effective smart metering communication solutions based on RF Mesh Networks. Our technology enables Utilities to reduce their operating costs, maximise billing revenues as well as improving customer experience."Omnimesh was engineered to be affordable for the Indian market and it allows Utilities to gather complete, accurate and timely metering data to assist them in reducing technical and non--technical power losses. The suitability of Omnimesh for the Indian market is demonstrated by customer contracts to date of a total value of $18.9 million."Enquiries: CyanConnode Holdings plc Tel: [phone] 060 John Cronin, Executive Chairman www.cyanconnode.com FinnCap Ltd (Nomad and Broker) Tel: [phone] Ed Frisby / Giles Rolls (Corporate 0500 Finance) Alice Lane (ECM) Arden Partners plc (Joint Broker) Tel: [phone] Paul Shackleton / Dan Gee-Summons (Corporate 5900 Finance) Walbrook PR (Financial PR) Tel: [phone] Paul Cornelius / Nick Rome [e-mail] About CyanConnodeCyanConnode is a world leader in Narrowband Radio Frequency (RF) Mesh Networks that facilitate machine to machine (M2M) communication. CyanConnode's innovative technology uses the industrial, scientific, and medical radio band, (ISM), which is optimised to give exceptional performance and competitive total cost of ownership. Through global partnerships, CyanConnode provides customers with a solution for the rapid deployment of local or countrywide ISM RF Mesh Networks that provide reliable and secure M2M communication.For more information, please visit www.cyanconnode.comAbout IPPAIIPPAI was set up as a not-for-pro-fit association shortly after the Government of India opened the power sector to private industry. Since its inception as an independent body in 1994, IPPAI's aim has been to provide a neutral platform for the examination of issues critical to the development of the power sector in India, to discuss energy policy and to focus on strategic, financial, legal, regulatory and technical issues in the power, oil, gas and allied sectors with a prime focus on independent power producers.As we initiate dialogues within the power sector incorporating environmental and socio-ecological concerns in our deliberations, we look at strategies which are more holistic and do not prescribe economic growth at the cost of the environment. Moving ahead, we are keen to bring a sustainable approach in our policies.For more information, please visit www.ippai.org/home.aspxThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.ENDNRALFFLILALDFIT(END) Dow Jones NewswiresNovember 28, 2018 02:01 ET (07:01 GMT)

[davep4] 27/11/2018 08:16

Thanks Iwaxf13.

[lwaxf13] 26/11/2018 17:10

Real excitemeht?? Really?!! This is cyan. The company that fails year in year out without fail :-) I expect no excitement here, only the same old. Good luck though with the optimistic attitude.

[davep4] 23/11/2018 18:17

Cyan does not have any SMETS2 involvement in the northern region, (north of England & Scotland).

[davep4] 23/11/2018 11:34

Anyway, I believe the real excitement will be from Asia and in particular India.

[davep4] 23/11/2018 11:31

See text in H1 results, Cyan’s contract is in the Southern regions only and SMETS2 only. SMETS2 delays were caused by DCC being behind schedule:

A close collaborative partnership between CyanConnode, Telefónica and Toshiba resulted in a solution for second generation smart meters (SMETS2). Telefónica, (appointed as the preferred SMIP communications service provider for two thirds of the UK), promoted CyanConnode's narrowband RF mesh network technology to extend the reach of its existing mobile (cellular) network, into locations where cellular signal was not available ('Not-Spots').

Embedding Cyanconnode's Technology into the Toshiba SMETS2 Telefónica Communications Hub has enabled smart meters to be located in 'Not-Spots'. Anthony Shaw, Telefónica UK Smart Metering Director said, "CyanConnode is one of the very few suppliers globally that has the experience and leading-edge technology to support Smart Meter deployment in areas where there is no cellular coverage."

In June 2018, Secretary of State for Business, Energy and Industrial Strategy (BEIS), Greg Clark, announced that 1,000 SMETS2 devices had been installed and that the figure was a "significant milestone because it represents the beginning of the roll-out of the next generation of meters".

CyanConnode's contract is with Toshiba for its SMETS2 Telefónica Communications Hub and consists of software license and support fees. The Toshiba contract was originally calculated to deliver GBP24m of revenue based on the assumption that 10% of SMETS2 meters would be located in 'Not-Spots'. However, Energy Suppliers are now finding that dwellings with thick walls, or in blocks of flats, or in areas with poor mobile signal, are contributing to one out of three meters being located in 'Not-Spots'. Consequently, if the percentage of meters located in 'Not Spots' is more than 10%, then CyanConnode's revenue expectations from the contract will increase on a pro-rata basis. CyanConnode expects the roll-out of SMETS2 meters to gain momentum in the third quarter of 2018.

[fred splange] 23/11/2018 08:14

Cyan already involved ( you know that right?) yet, 'Just 3,000 of those second-generation meters have been installed in the north of England because of technical problems in the region.'

[tonys8] 23/11/2018 07:58

Fred .. what they need is is a cheap and proven solution that can penetrate concrete walls and be used in tower blocks and rural not spots, easily facilitates change of suppliers and has been security tested by GCHQ. Anything come to mind ... Cyanconnode to the rescue :-)

[fred splange] 23/11/2018 07:55

Just 109,000 such SMETS2 meters have been installed so far, rather than the 23m expected by now.

[fred splange] 23/11/2018 07:41

https://www.theguardian.com/environment/2018/nov/23/smart-meters-rollout-labelled-a-fiasco-as-consumers-face-extra-500m-bill

[davep4] 22/11/2018 23:50

Time will tell!

[emptyend] 22/11/2018 23:36

I'd say that "uniquely suited" is pretty clear. ie.....technically superior without material peers.Of course if remains to be seen if that can be turned into cash.....but its better than having inferior tech!

[lwaxf13] 22/11/2018 17:04

The PowerPoint orders :-) I doubt anyone believes a word this lot say. Could be another distribution relationship worth ten tenths of nothing again.

[mtw] 22/11/2018 16:39

Maybe it will be one of those Cronin specials... you know the ones... the "orders" which don't actually put any cash in the bank. The revenue forecast will be met of course... it has to be... the bonuses depend on it.