15th Jul 2021 11:53
CyanConnode Holdings PLC - Cambridge, England-based narrowband radio frequency smart mesh networks firm - Secures further follow-on order from its partner the JST Group. The order is for 31,000 Omnimesh Modules and associated gateways for the Metropolitan Electricity Authority, a Thai state enterprise under the Ministry of Interior. The new order is in addition to the 33,000 omnimesh modules and 206,735 omnimesh perpetual software licenses purchased in 2019 and 2020. Deployment of the new order is expected in the final quarter of 2021.
"We are delighted to have received this follow-on order from our partner JST. The Smart Grid project for MEA, being our first project in Thailand, is an important project for CyanConnode, and we are pleased to see it progress to the next stage of hardware requirements," comments Executive Chair John Cronin.
Current stock price: 11.05 pence, up 5.2%
Year-to-date change: up 65%
By Will Paige; [email protected]
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