Cyanconnode Share Discussion Threads

[fred splange] 27/6/2018 08:07

Not all positive, it'll also cut of their current biggest revenue stream - tax credits. JC is the equivalent of a benefits scrounger.

[fred splange] 27/6/2018 08:00

So, in the pre AGM update, we were told costs had been reduced to £670k per month, with an incremental £500k pa proposed =c£628k pm. Two weeks later, £500k announced along with ongoing monthly costs of £650k. Where's the extra £260k of costs come from? JC's consultancy fees?

[multibagger] 27/6/2018 07:46

Two salient sentences IMHO...

"...This changing dynamic has created enormous interest in Omnimesh and built positive momentum across the market....

....Furthermore, this launch signifies the end of a major development programme for the Company, which will result in a substantial reduction in development costs at the same time as opening up new revenue streams."

So potentially high demand for Omnimesh, reduced R&D spend and opening of new revenue streams....all positive and hope the share price picks up in due course.

Good luck all :)

[lwaxf13] 27/6/2018 07:35

Don't knock it. Omnimess is officially released today. Hope the Cyan sales desks are manned ready for the never ending sales. Let's see :-)

[multibagger] 27/6/2018 07:11

CyanConnode Holdings PLC

27 June 2018

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Official Launch of Omnimesh Smart Metering Solution

CyanConnode (AIM: CYAN), the world leader in narrowband radio mesh networks, has today officially launched its cost-optimised standards-based Omnimesh smart metering application at Asia Utility Week in Bangkok.

The benefits of this additional route to market have already been highlighted by orders won in India worth $4.3m and the Board believes the Company is well placed to take advantage of growing demand for standards-based solutions.

The Omnimesh Application

Delivered as part of CyanConnode's Omni IoT Platform, Omnimesh provides electricity metering capability. Based on IPv6 6 LoWPAN narrowband RF mesh technology, Omnimesh is a scalable, robust system that provides cost-effective communication capabilities, supporting the Smart Grid.

In July 2016, the Company acquired Connode Holding AB, a leading provider of IPv6-based solutions including a software license and support contract for the UK Smart Metering Implementation Programme. Following the acquisition, CyanConnode has rapidly engineered a cost optimised standards-based smart metering solution, designed to enable utilities to remotely monitor and control energy usage to reduce distribution losses. Omnimesh is designed to support global and country-specific Advanced Metering Infrastructure (AMI) standards, including those developed by Bureau of Indian Standards.

Global Opportunity

Omnimesh is designed to enable utilities to gather complete, accurate and timely customer metering data. This supports loss reduction programmes and reduces energy costs by maximising billing revenues and increasing power quality and customer experience. In addition, energy distribution reliability and resilience is improved by rapidly identifying and responding to peaks in demand, quickly locating and resolving faults and implementing real time controls to prevent minor faults developing into wider outages. Utilities can also implement real time pricing and enable customers to control energy consumption and costs. Most importantly, Omnimesh allows utilities to maximise smart grid investment by extending existing and new command and control capabilities over dedicated communication networks which reduce total cost of ownership.

The global AMI market is growing rapidly with much more demanding operating requirements. Omnimesh features, functionality and widely adopted standards meet the requirements of increasingly complex tenders, at a price point that supports utilities' business cases at all deployment scales. This changing dynamic has created enormous interest in Omnimesh and built positive momentum across the market.

John Cronin, CyanConnode Executive Chairman commented: "The development of our new Omnimesh product expands our global reach and ensures our technology can support global and country-specific standards for AMI. Furthermore, this launch signifies the end of a major development programme for the Company, which will result in a substantial reduction in development costs at the same time as opening up new revenue streams.

"Ahead of today's official launch at Asia Utility Week, we are already rolling Omnimesh out to two Indian customers, which demonstrates the suitability of the product as well as the growing demand for standards-based solutions."

Jitendra Kumar Agarwal, Genus Power Joint Managing Director commented: "CyanConnode's world class communication solution, based on IPv6 narrowband RF mesh network, meets the technical requirements for AMI for many of the utilities in India. Following the rapid integration of CyanConnode's technology with our IS 16444 meters (Bureau of Indian Standards meter protocol) we are now implementing the IPv6-enabled smart meters at UGVCL. We understand, CyanConnode's robust networks are proven by its customer deployments globally and therefore Genus looks forward to working with CyanConnode on this and other similar projects in India. By joining hands with such proven players, we are committed to make Smart Cities and Smart Grid possible in India."

[lwaxf13] 26/6/2018 22:26

Noted. Do hookers count as professional? They always do the trick and help me :-)

[emptyend] 26/6/2018 21:34

Wall to wall delusional drivel in this thread.People here seem to be complete morons with no grasp of what it takes to develop a business.By all means be sceptical - but FFS most of this anti-management stuff is total garbage, apparently written by people who have so many chips on their shoulders their vision is completely obscured.Certifiable nonsense, in my opinion - having attended the AGM and listened carefully to both management and shareholders present.Just FO and seek some professional help, folks! :-/

[lwaxf13] 26/6/2018 19:30

I thought it was a medical mesh for hernias or similar. Now if they could use it for that there is a market in developed countries that have real money unlike Cyans target markets such as India, Brazil and even South Africa bigged up a while ago. You couldn't make it up. Where should we target our products? I know, I know. Third world countries please that have no cash :-)

[lwaxf13] 26/6/2018 18:42

It's hard to argue with those points. On that basis lets hope JC resumes his world leading consulting thing and a bit of flip flopping. f8&k knows where we flip flop to next if the latest thing to save this company (omnimesh - whatever that is) is another flop.

[stedon] 26/6/2018 15:21

I also disagree,.... more like a Snake Oil CONsultant:)

[owenski] 26/6/2018 13:40

I disagree, he's a very good wage trough consultant.

[lwaxf13] 26/6/2018 13:13

Oh please Lord no. Let's not have JC consulting to CYAN. Consultants are supposed to know their stuff. 5 years of expert consulting here and this company is a complete basket case heading one way IMO. Not bad if you can get £170,000 per year for failure. I so want a job like that :-)

[realist1950] 26/6/2018 13:10

Agreed. It is still far too much imo.

It just brings into sharp focus what they WERE on.......something I flagged on here and discussed many many months ago.

Tot together what they've earned since joining CYAN and the total is pretty damned shocking imo.

[davep4] 26/6/2018 12:15

And it’s still too much!

[davep4] 26/6/2018 12:14

I believe it’s about 50% less than what he was getting , and the BOD are down by about 60% taking into account Smith’s departure.

[owenski] 26/6/2018 11:15

£170k

Wonder if that will include 'consultancy fees'. lol

[davep4] 26/6/2018 10:23

John Stamped Upon.

[realist1950] 26/6/2018 10:08

£170,000 is hugely generous imho.

The reduction only serves to highlight just how grossly inflated the original renumeration was - in my opinion.

[realist1950] 26/6/2018 10:07

Since when is receiving £170,000 cash, regardless of company performance, being stamped upon?

There are a good many directors on AIM, on a hell of a lot less. And those companies are not turning in record losses and have not presided over massive shareholder dilution.

[davep4] 26/6/2018 10:02

Sounds like they’ve been Stamped upon and will be Stamped on again if they don’t achieve £7m of revenue for 2018.

[realist1950] 26/6/2018 09:19

Best post on the other site:

allthatguff
Posts: 1,911
Opinion: No Opinion
Price: 10.25
RE: RNS re Executive PayToday 07:14Notice how the Rns does not start with "we are pleased to announce"

[realist1950] 26/6/2018 09:07

So remember John, if you work late one night and do a bit of overtime, say descaling the office kettle, please do have the courtesy to invoice for it (and get paid) in the same financial year.

That way we all know where we stand, don't we?