CyanConnode Holdings PLC Contract in the Middle East and North Africa

RNS Number : 7727J

CyanConnode Holdings PLC

28 October 2024

 

 

28 October 2024

CyanConnode Holdings plc

("CyanConnode" or the "Company")

 

Contract in the Middle East and North Africa (MENA)

 

CyanConnode Holdings plc (AIM: CYAN), a world leader in narrowband radio frequency ("RF") mesh networks, is pleased to announce that it has received a follow-on order with a value in excess of $1 million for cellular gateways in the Middle East and North Africa (MENA) region. This contract builds upon the initial MENA order for this project, which was announced by the Company on 4 August 2022.

The full order is scheduled for delivery, with revenue also recognised, within this financial year, which ends on 31 March 2025.

 

John Cronin, Executive Chairman, commented:

 

"We are delighted to have secured this follow-on order, which builds on our previous successes in the MENA region. This order significantly strengthens our relationship with this valued customer, further supporting our global business expansion and enhancing our revenue visibility."

 

 

- Ends -

 

Enquiries:

CyanConnode Holdings plc                                                                      Tel: [phone]

John Cronin, Executive Chairman                                                             www.cyanconnode.com

Strand Hanson Limited (Nominated and Financial Adviser)             Tel: [phone]

James Harris, Richard Johnson, David Asquith                                                    

 

Zeus Capital Limited (Joint Broker)                                                         Tel: [phone]

Simon Johnson, Louisa Waddell

 

Panmure Liberum (Joint Broker)                                                              Tel: [phone]

Rupert Dearden / James Sinclair-Ford

 

About CyanConnode

CyanConnode (AIM:CYAN.L), is a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, which are used for machine to machine (M2M) communication.  As well as being self-forming and self-healing, CyanConnode's RF Smart Mesh Networks are designed for rapid deployment, whilst giving exceptional performance and competitive total cost of ownership.

 

In June 2018, CyanConnode launched its award-winning Omnimesh Advanced Metering Infrastructure (AMI) platform, which has already gained considerable commercial traction, especially in India which is a key market for the Company.

 

Through a Global partner eco-system, which is vendor agnostic, CyanConnode has several routes to market, therefore it is well positioned to capitalise upon increasing Global demand for smart metering solutions.

For more information, please visit www.cyanconnode.com

 

This 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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

CNTFFFILIDLDFIS