Source - SMW
CyanConnode's $5.4m purchase order from a specialist in energy management systems for a smart metering contract in Bangladesh announced in February has been increased to $9.3m.

CyanConnode said the order for its advanced metering infrastructure solution had been increased from 150,000 units to 250,000 units to meet the increased requirements of the geographic territory in Bangladesh that has been awarded to the energy management systems company based in eastern Europe. 

CyanConnode said it would also provide head end server software, which would be hosted by the energy management system company, with annual software licence income being recognised over a 10-year contractual period following successful smart meter implementation.