CyanConnode Holdings plc has announced that it has received a Letter of Award (LOA) for a follow-on smart metering deployment in the Middle East and North Africa (MENA) region. This contract builds upon the first MENA order announced by the company in April 2022 and is for CyanConnode's cellular communications product, which will be used to connect smart electricity and smart water meters. Under the LOA, CyanConnode will supply cellular hubs with a capacity to connect 1.41 million devices. The delivery of the first 7,000 hubs is expected to be completed by early November 2023, with the full contract expected to be delivered over the next 12 months.
John Cronin, Executive Chairman of CyanConnode, expressed his delight at securing this LOA and highlighted the company's previous success in the MENA region. He stated, "This contract significantly enhances our relationship with this important customer, which continues to strengthen as we further develop our business in the MENA region, and enhances our visibility over revenue."
CyanConnode is a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, which are used for machine-to-machine (M2M) communication. The company's RF Smart Mesh Networks are self-forming and self-healing, designed for rapid deployment, and offer exceptional performance and competitive total cost of ownership. CyanConnode's Omnimesh Advanced Metering Infrastructure (AMI) platform, launched in June 2018, has gained considerable commercial traction, particularly in India. The company has a global partner ecosystem and is well positioned to capitalize on the increasing global demand for smart metering solutions.