CyanConnode Holdings PLC Distribution into UAE & Bahrain smart meter market

TIDMCYAN

CyanConnode Holdings PLC

22 November 2018

CyanConnode Holdings plc

("CyanConnode" or the "Company")

CyanConnode Enters United Arab Emirates and Bahrain smart metering market

CyanConnode, a world leader in narrowband radio frequency ("RF") Mesh Networks, is pleased to announce that on 19 November 2018 it signed a distribution agreement with DS Technology DWC LLC ("DS Technology") (the "Agreement"), as a Systems Integration and Distribution Partner for the United Arab Emirates ("UAE") and Bahrain.

DS Technology is an Information Communication Technology (ICT) infrastructure and services integration company. The company is a trusted integrator to the Utility, Oil and Gas, Government, Defence and Telecommunications sectors and focuses on very large-scale telecommunications and network infrastructure, applications and services which are designed, deployed and supported by highly skilled technical and management teams.

Under the terms of the Agreement CyanConnode displaces a significant competitor. The Agreement also includes various sales performance milestones. DS Technology will distribute CyanConnode's RF Mesh Networks, which are self-forming and self-healing, as well as its revolutionary Ominmesh platform that can manage multiple communication systems through one management control interface, thereby significantly reducing complexity and integration costs.

The Gulf Corporation Council ("GCC") has estimated that GCC member states may be able to save up to US$ 10 billion in infrastructural investment by 2020(1) , through the use of information technology, including smart grids and smart metering. The GCC estimate provides DS Technology and CyanConnode with an immense opportunity to work with integrated utilities in the region.

Harry Berry, CyanConnode's Chief Operating Officer, commented: "We are excited to announce this Partnership with DS Technology, who have decided to replace a previous vendor's solution with CyanConnode's RF Mesh Networks and Omnimesh.

"With DS Technology's established customer base in UAE and Bahrain, this partnership provides CyanConnode with a quick route to market. The partnership will maximise sales potential in two new territories as well as widening the Company's global distribution channels."

Omar Barzanji, DS Technology's CEO, commented: "As the integrator of one of the largest Smart Grid deployments in the region, DS Technology is a market leader who offers highly innovative and sustainable telecom solutions to its utility customers.

"DS Technology is delighted that it can now offer its customers CyanConnode's RF Mesh Networks and Ominmesh solutions, which are uniquely suited for our regional utilities and in the knowledge that CyanConnode's technology has been proven by large commercial scale deployments."

(1) https://www.middleeastelectricity.com/content/dam/Informa/Middle-East-Electricity/en/pdf/GCC%20Power%20Market%20Report%20-%20Oct17.pdf

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                          0500 
  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 CyanConnode

CyanConnode 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.com

About DS Technology DWC-LLC

DS Technology Partners is an ICT, infrastructure and services integration company. The company is a trusted integrator to the Telecommunications, Utility, Government, Defence and Oil and Gas sectors with the regional and domain experience to deliver technically innovative and complex projects.

Technology Partners focuses on very large-scale telecommunications and network infrastructure, applications and services which are designed, deployed and supported by highly skilled technical and management teams. These solutions are created from best-of-breed, industry-standard components, acquired through international partnerships with the world's leading technology vendors.

As a trusted partner to government and enterprise across the region, the Company's portfolio of next generation technologies includes solutions across focus industries, including Utilities, Telecommunications, Government and Business Solutions.

For more information, please visit http://www.tpfz.com/company.html

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November 22, 2018 02:02 ET (07:02 GMT)