REACH
CyanConnode Holdings plc
("CyanConnode" or the "Company")
CyanConnode selected as Technology Partner for EESL
Energy Solutions in Middle East and Africa
CyanConnode, a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, is pleased to announce that it has been engaged by EESL Energy Solutions LLC, Dubai, (EESL), as technology partner for projects in the Middle East and Africa for smart metering and smart lighting projects.
EESL India is a joint venture of four Indian public-sector undertakings; NTPC Limited, Power Finance Corporation Limited, Rural Electrification Corporation Limited and POWERGRID Corporation of India Limited. EESL has also established a Joint Venture in Dubai, partnering with Hansa Energy Solutions to form EESL Energy Solutions LLC.
John Cronin, Executive Chairman, CyanConnode, commented:
"I am delighted to announce this partnership with EESL Energy Solutions, which I believe will deliver new opportunities for CyanConnode.
"Offering a range of business models gives a flexible approach to our partnership with EESL and we look forward to collaborating with them to develop and deliver large-scale projects in the Middle East and African markets."
Saurabh Kumar, EESL Executive Vice Chairperson, commented:
"EESL Energy Solutions is promoting energy efficiency projects in the Middle East and Africa and is pleased to be partnering with CyanConnode. We have selected CyanConnode as Technology Partner to leverage its market-leading RF Mesh Technology.
"I look forward to a successful collaborative partnership with CyanConnode."
- Ends -
Enquiries:
CyanConnode Holdings plc Tel: +44 (0) 1223 225 060
John Cronin, Executive Chairman www.cyanconnode.com
Arden Partners plc (Joint Broker) Tel: +44 (0) 20 7614 5900
Paul Shackleton / Dan Gee-Summons (Corporate Finance)
Simon Johnson (Corporate Broking)
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
About Reach announcements
This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.
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.
