CyanConnode Holdings PLC CyanConnode India is a Start-Up 50 Trailblazer
22 Junio 2023 - 1:00AM
RNS Non-Regulatory
TIDMCYAN
CyanConnode Holdings PLC
22 June 2023
22 June 2023
CyanConnode Holdings plc
("CyanConnode" or the "Company")
CyanConnode India recognised as a Start-Up 50 Trailblazer by Dun
& Bradstreet
CyanConnode Holdings plc (AIM: CYAN), a world leader in
Narrowband Radio Frequency (RF) Smart Mesh Networks, is proud to
announce that its subsidiary in India, CyanConnode Private Limited,
has been recognised as a "Start-Up 50 Trailblazer" by Dun &
Bradstreet. This award underscores the Company's firm commitment to
innovation, quality, and customer-centric solutions, with a robust
roadmap for sustainable growth and profitability.
With over 1.3 million smart meters currently using CyanConnode's
communication infrastructure in India across 11 states, the Company
has made significant contributions in the sector since 2012. Its
project in Indore has demonstrated the considerable benefits of its
network, allowing the utility to recover its Return On Investment
within just 2.5 years. Even in the challenging terrains of projects
like those in Himachal Pradesh and Assam, the tenacity of
CyanConnode's team has been instrumental in overcoming hurdles and
addressing ongoing issues through vigilant maintenance and
monitoring. Delivering over 99% SLAs, even in the face of these
challenges, CyanConnode continues to lead in the IoT communications
and smart metering sector.
"CyanConnode's recognition as a Dun & Bradstreet Start-Up 50
Trailblazer 2023 is a clear testament to our commitment and
perseverance," said John Cronin, Executive Chairman of CyanConnode.
"This accolade is recognition not just of what we've achieved, but
also the way we've achieved it."
"Getting this award is a proud moment for every member of the
CyanConnode family" said Ratna Garapati, Managing Director and CEO
of CyanConnode India. "It reflects our combined efforts to
revolutionize IoT communications with our cutting-edge Omnimesh
solution, secure RF communication systems, and commitment to
sustainable growth."
CyanConnode's Omnimesh solution optimizes channel capacity and
improves network performance, making it a game-changer in the
Internet of Things communication sector, while adhering to the
highest security standards in its RF communication solution for
smart metering, which incorporates multiple layers of defence
mechanisms.
The Company's adoption of Wi-SUN, an open international standard
in its FG25 based products, has solidified its leadership in
providing long-range Sub-GHz wireless connectivity for smart
metering. The interoperability of the Wi-SUN stack simplifies the
integration of new devices into existing networks and allows
utilities to expand their networks as needed. CyanConnode's
RF-based systems offer cost-effectiveness and sustainability,
significantly reducing annual power costs for utilities and
ensuring compliance with recent regulations of the WPC wing of the
Ministry of Communications.
As CyanConnode continues to align with India's sustainability
goals, the Company is prepared to maintain its leading position in
shaping India's smart metering future.
For further information, please contact:
CyanConnode Holdings plc
John Cronin, Executive Chairman +44 (0) 1223 865 750
Strand Hanson Limited (Nominated
and Financial Adviser)
James Harris
Richard Johnson
David Asquith +44 (0) 20 7409 3494
Zeus Capital Limited (Broker)
Simon Johnson
Alexandra Campbell-Harris +44 (0) 20 3829 5000
About CyanConnode
CyanConnode (AIM:CYAN), 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.
CyanConnode's award-winning Omnimesh Advanced Metering
Infrastructure (AMI) platform has 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
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