# CyanConnode Holdings Wins Second Significant Order from Montecarlo Ltd

- Link: https://www.directorstalkinterviews.com/cyanconnode-holdings-wins-second-significant-order-from-montecarlo-ltd/4121138179
- Published: 2024-01-11T07:13:08+00:00
- 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
its subsidiary, CyanConnode Pvt Ltd, has received an order from Montecarlo Limited(
Montecarlo) for one million Omnimesh Modules, together with Advanced Metering Infrastructure,
Standards-Based Hardware, Omnimesh Head-End Software, Perpetual License, and a Support
and Maintenance Contract.

The order relates to a smart metering deployment in Nagpur, Maharashtra, with supply
of Omnimesh Modules expected to commence within this quarter. The installation will
be completed within 27 months and followed by a 93 month Support and Maintenance
Contract, which will commence upon completion of the installation phase.  Approximately
60% of the contract will be paid during the installation phase, against either (
i) letters of credit or (ii) via a trade finance portal with 30-day payment terms.
The remaining 40% of the contract will be paid for in equal monthly instalments 
over the duration of the Support and Maintenance Contract period.

**John Cronin, Executive Chairman of CyanConnode Holdings,** **commented**:

_“I am pleased to announce this second significant order from Montecarlo, following
our initial collaboration that began last year with the January 2023 order for a
similar volume. This new contract for one million Omnimesh Modules is a testament
to our standards-based, innovative technology and deep understanding of India’s 
smart metering landscape. It also underscores the growing market acceptance and 
momentum for our products. This order significantly boosts our total Indian order
book to 6.3 million units, with 3.9 million modules scheduled for delivery in accordance
with the established project timelines.”_

**Mr. Mrunal Patel, Joint MD of Montecarlo, commented**:

_“We are extremely pleased to continue our partnership with CyanConnode, building
on our previous successful and ongoing collaboration in Madhya Pradesh. Our strong
background in project implementation, coupled with CyanConnode’s proven track record
in smart metering communications infrastructure in India, instils confidence in 
the successful implementation of this project. I believe that our combined strengths
will pave the way for further such opportunities and partnerships.”_

CyanConnode ([LON: CYAN](https://www.directorstalkinterviews.com/company/cyanconnode-holdings-plc/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. Its
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 Holdings
has several routes to market, therefore it is well positioned to capitalise upon
increasing Global demand for smart metering solutions.

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