CyanConnode Holdings plc (LON:CYAN), a global leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, has announced the receipt of an order for 300,000 Omnimesh Modules from IntelliSmart Infrastructure Private Limited. In addition to the modules, the order includes Advanced Metering Infrastructure (AMI), Standards-Based Hardware, Services, Omnimesh Head-End Software, a Perpetual License, and an Annual Maintenance Contract.
The order will support the smart metering deployment for South Bihar Power Distribution Company Ltd. (SBPDCL), a utility located in Bihar, India. This marks the fourth order received under a Strategic Framework Agreement for 3 million modules, which was signed in February 2023. Including this order, the total number of modules ordered under the Agreement has now reached 1.7 million Omnimesh Modules. All of these orders have been secured in the past five months.
The supply of Omnimesh Modules for this project is expected to commence during Q4 FY 2024, and the deployment will be completed within 27 months, under a DBFOOT (Design, Build, Finance, Own, Operate, Transfer) model. A support and maintenance contract will be in effect for a period of seven and a half years after the go-live stage.
John Cronin, Executive Chairman of CyanConnode, commented:
“We are delighted to announce a subsequent order from IntelliSmart, taking our cumulative order book for India to 5.3 million modules. We have successfully delivered around 2.1 million modules to the end of Q2 FY24 and anticipate the delivery of the remaining backlog of 3.2 million modules as per the projected timelines.”
