CyanConnode Holdings plc (LON:CYAN), a world leader in narrowband radio frequency (“RF”) mesh networks, has announced that it has received a follow-on order with a value in excess of $1 million for cellular gateways in the Middle East and North Africa (MENA) region. This contract builds upon the initial MENA order for this project, which was announced by the Company on 4 August 2022.
The full order is scheduled for delivery, with revenue also recognised, within this financial year, which ends on 31 March 2025.
John Cronin, Executive Chairman, commented:
“We are delighted to have secured this follow-on order, which builds on our previous successes in the MENA region. This order significantly strengthens our relationship with this valued customer, further supporting our global business expansion and enhancing our revenue visibility.”
