CyanConnode receive LOA for a follow-on smart metering deployment in MENA region

CyanConnode Holdings plc (LON:CYAN) 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 follow-on 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 deployed 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. Delivery of the first 7,000 hubs is expected to complete by early November 2023, with the full contract expected to be delivered over the next 12 months.

John Cronin, CyanConnode Executive Chairman, commented:

“We are delighted to have secured this LOA, building upon our previous success in 2022, where the delivery of cellular hubs to connect up to 1 million Omnimesh cellular communications modules in the MENA region has been accomplished successfully. 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.”

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Written by: Amilia Stone

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CyanConnode Holdings plc

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