Cyanconnode Share Discussion Threads

[duxy786] 24/9/2018 08:00

Keep them doggies moving

[ny boy] 24/9/2018 07:36

Starting to see some good news flow building, chart breakout underway GLA

[skinny] 24/9/2018 07:29

CyanConnode (AIM: CYAN), a world leader in narrowband radio frequency (RF) mesh networks, is pleased to announce the receipt of a $2.9 million purchase order for a five-year support and maintenance contract for an Omnimesh smart metering deployment by a State-Owned Utility in India.

This contract relates to the $11.6 million purchase order announced last week, for Omnimesh IPv6-based hardware, perpetual software licenses and services, received from a Tier One Metering Partner. It includes support and maintenance of the RF Canopy, firmware and software support and training. The contract will start within six months from the commencement of meter installations and is for an initial period of five years.

Anil Daulani, Managing Director of CyanConnode Pvt Limited, commented: "We are very pleased to announce this significant, follow-on order for support and maintenance for the Omnimesh smart metering solution being provided to the State-Owned Utility. As an integrated network services company, we have the technology, partners and expertise to provide end-to-end smart metering RF communications solutions that enable utilities to reduce their cost to serve and improve customer experience.

"This contract demonstrates our commitment and ability to provide both world class technology and expert support to customers, from integration to ongoing maintenance. CyanConnode designs, delivers and supports solutions and services which enable organisations to create, improve and operate the smart networks that their businesses depend on. Our comprehensive approach builds customer confidence and loyalty, providing scope for follow-on orders as well as further revenue streams."

The Omnimesh product was officially launched on 27 June 2018 and the total value of orders received for this new product is now more than $18.9 million, which demonstrates its suitability for the Indian smart metering market.

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

[emptyend] 24/9/2018 07:20

.....as I suggested merely a couple of weeks ago, the company is at a turning point.

[multibagger] 24/9/2018 07:11

The 1-2 nature of a $11.6m + $2.9m contracts should get pulses racing in the market - we could see a real scramble for shares starting !!

Good luck all :)

[multibagger] 24/9/2018 07:06

Another fantastic bit of news :)


RNS Number : 6304B
CyanConnode Holdings PLC

24 September 2018

$2.9 million order for support contract for Indian smart metering deployment

CyanConnode (AIM: CYAN), a world leader in narrowband radio frequency (RF) mesh networks, is pleased to announce the receipt of a $2.9 million purchase order for a five-year support and maintenance contract for an Omnimesh smart metering deployment by a State-Owned Utility in India.

This contract relates to the $11.6 million purchase order announced last week, for Omnimesh IPv6-based hardware, perpetual software licenses and services, received from a Tier One Metering Partner. It includes support and maintenance of the RF Canopy, firmware and software support and training. The contract will start within six months from the commencement of meter installations and is for an initial period of five years.

Anil Daulani, Managing Director of CyanConnode Pvt Limited, commented: "We are very pleased to announce this significant, follow-on order for support and maintenance for the Omnimesh smart metering solution being provided to the State-Owned Utility. As an integrated network services company, we have the technology, partners and expertise to provide end-to-end smart metering RF communications solutions that enable utilities to reduce their cost to serve and improve customer experience.

"This contract demonstrates our commitment and ability to provide both world class technology and expert support to customers, from integration to ongoing maintenance. CyanConnode designs, delivers and supports solutions and services which enable organisations to create, improve and operate the smart networks that their businesses depend on. Our comprehensive approach builds customer confidence and loyalty, providing scope for follow-on orders as well as further revenue streams."

The Omnimesh product was officially launched on 27 June 2018 and the total value of orders received for this new product is now more than $18.9 million, which demonstrates its suitability for the Indian smart metering market.

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

[sabre6] 21/9/2018 14:39

Who has kidnapped IWAX and is nobody prepared to pay the ransom?

[fred splange] 21/9/2018 11:21

How's that chart looking NY?

[johnwall] 21/9/2018 07:23

timbo003 - many thanks from me as well.

[multibagger] 21/9/2018 06:49

Good morning timbo003 and all :)

Many posters on the other BB have expressed their thanks to you for your detailed feedback.

End of the week - so is there going to be profit taking by momentum breakout traders or a continuation of the climb back up ? Given the perceived lack of liquidity, I think the latter.

Good luck !

[ny boy] 20/9/2018 22:28

11p resistance broken, no further resistance until 39p, chart start to look very interesting for momentum breakout traders!

[emptyend] 20/9/2018 21:05

Thanks timbo ?

[multibagger] 20/9/2018 20:35

Many thanks timb003 for taking the time and effort to feedback - much appreciated as always ! I shall post on the LSE thread with acknowledgement, as there is a quite an BB there.

[timbo003] 20/9/2018 19:41

The slide set from last night’s presentation is here:




I arrived at around 18:20 so missed the presentation but managed to help myself to drinks and canapes


Most of the BOD were in attendance last night, including JC, HP and HB along with a number of employees, I spoke to as many of them as I could during the 45 minutes available before they had to clear the room. I was very impressed with Anil Daulani


On India, the opportunity sounds huge and most of the heavy lifting has now been done with the first major contract announced earlier this week. This was just one contact with one utility in one state. There are over 30 states and typically three utilities per state. There are two main competitors and they were both tendering for this first contract which Cyan won. Cyan had certain distinct advantages over the two competitors, one of which (I think) was that with the two competitors you have to buy the whole kit (including the meter itself), but Cyan’s solution can be used with any meter. One new insight: Electricity loss isn’t just through attaching crocodile clips to transmission cables in rural areas, it is also through the Utility’s meter readers not being able to access affluent gated communities (the gates stay locked). If there is no meter reading, there is no bill to pay. There is also a problem with brown paper envelopes changing hands after meter readings have been altered (downwards).


All the bad press regarding UK smart meters is based on SMET1, which is nothing to do with Cyan, nor is the “fix” which is being employed in an attempt to make the SMET1 meters suitable for switching suppliers. The Cyan SMET2 roll out begins Q4 this year. I suggested a couple of times that this should be seen as a good PR opportunity and perhaps Walbrooks should play a very active role in sending out a message that Smart meter problems were now fixed and the solution was provided by Cyan and partners.


On Finance, Cyan will probably need to raise further cash before they reach break even (I got the impression this would be £4m or less) and I gathered that an equity based raise at the current share price was definitely not the preferred option. Invoice financing was mentioned a couple of times, but doing this through a UK finance operator would probably be difficult, given that the invoices and subsequent revenue will be coming from the Indian operations. An alternative would be to obtain the finance through an Indian based finance provider, I asked whether they had approached the British Business Bank which seemed to feature fairly prominently in the HMT’s recent Patient Capital Review, HP said she would look into that and it sounded like all options were being considered and no decisions had been taken.

[multibagger] 20/9/2018 18:44

Most welcome emptyend ! I get the impression that liquidity is very tight and no sellers in any decent quantity. We could be in for sharp upward move at this rate once the funding issue is clarified.

[emptyend] 20/9/2018 16:45

Thanks for the link. So......8+ potential orders for £10mn+. Including a possible monster. Not bad.Also partnering with both Toshiba and Telefonica on SMETS2 ?

[multibagger] 20/9/2018 08:03

Look forward to your feedback timbo003 - much appreciated !

[multibagger] 20/9/2018 06:55

CYAN on the ball....Investor presentation from 19 Sep 2018 has been uploaded

[timbo003] 19/9/2018 22:00

I couldn't get along for the presentations, but I did manage to turn up during drinks and canapes and managed to get a few questions in. I also picked up a slide deck (which I haven't looked at yet), so I will give it read tomorrow morning and report back.

[emptyend] 19/9/2018 14:34

I think that the order book, licensing opportunities and SMETS2 outlook will speak for itself..... ;-)

[qs99] 19/9/2018 14:24

Just me talking my own shares up.... haha

[qs99] 19/9/2018 11:35

OK, that seems to me like good solid follow up buying...DYOR but 20p first stop....take it as a ramp if you like, but this looks oversold...DYOR

[qs99] 19/9/2018 09:57

Nice to see some further demand today IMO.....and some more blue / confident move above 10p...DYOR..am holding on for the ride

[qs99] 19/9/2018 09:50

dwall, I can't go either, but would be great if you could post your views following it please? I have also topped up as think that funding should not be an issue if they continue showing demand and momentum for their products etc....DYOR etc and thanks in advance and no worries if you don't have time"!