# CyanConnode and Alfanar Sign MOU for AMI projects

- Link: https://www.directorstalkinterviews.com/cyanconnode-and-alfanar-sign-mou-for-ami-projects/4121113125
- Published: 2023-04-03T07:11:36+01:00
- Author: Emily Johnson

**[CyanConnode Holdings](https://www.directorstalkinterviews.com/company/cyanconnode-holdings-plc/cyan.l)
plc** ([LON:CYAN](https://www.directorstalkinterviews.com/company/cyanconnode-holdings-plc/cyan.l)),
a world leader in narrowband radio frequency (RF) mesh networks, has announced that
it has signed a Memorandum of Understanding (MOU) with Alfanar, a leading engineering,
procurement, and construction (EPC) player, to explore joint investment opportunities
in Advanced Metering Infrastructure (AMI) projects.

The MOU sets forth the intention of both parties to establish investments in AMI
projects on an opportunity basis, leveraging the core strengths of both companies
at the group level. CyanConnode and Alfanar will jointly review tenders across targeted
geographies and, subject to a positive outcome, establish joint ventures for the
implementation of AMI.

This collaboration aims to facilitate and expedite activities related to project
investments, in compliance with existing policies, rules, and regulations in the
targeted regions. Both CyanConnode and Alfanar will invest in the projects upon 
satisfactory techno-commercial due diligence. While the MOU does not create a binding
commitment, it is anticipated that a definitive agreement outlining the terms and
conditions of the collaboration will be signed by both parties in due course.

> **John Cronin, Executive Chairman of CyanConnode Holdings, commented:** “We are
> delighted to enter into this MOU with Alfanar, a company that shares our vision
> of harnessing technology and innovation to drive sustainable growth. This collaboration
> presents a unique opportunity for us to combine our expertise and resources to
> make a significant impact on the global AMI market.”

> **Mohammed Irfan, Chief Executive Officer, Alfanar India, commented:** “The unique
> partnership approach with CyanConnode will enable us to evaluate and strategically
> tap into new markets, especially on the global landscape for increasing our spectrum
> of service offerings. We are confident that our joint efforts will lead to the
> successful implementation of AMI projects, ultimately benefiting our customers
> and stakeholders.” 

This collaboration between CyanConnode and Alfanar reflects their shared commitment
to explore new opportunities for expanding the global footprint in the smart grid
sector. Working together to assess potential projects, both companies look forward
to a fruitful partnership that drives growth and innovation in the advanced metering
infrastructure industry. 

Share on: