CyanConnode Holdings ( (GB:CYAN) ) has shared an update.
CyanConnode Holdings PLC announced significant follow-on orders from Montecarlo Limited for 872,000 Omnimesh Modules, aimed at supporting India’s Revamped Distribution Sector Scheme (RDSS). These orders, part of projects in Madhya Pradesh and Maharashtra, underscore the company’s strong partnership with Montecarlo and its pivotal role in India’s smart metering ecosystem. The orders are expected to bolster CyanConnode’s market position and demonstrate the effectiveness of its technology in improving billing efficiency and reducing power theft.
More about CyanConnode Holdings
CyanConnode Holdings PLC is a global leader in narrowband radio frequency (RF) smart mesh networks. The company specializes in providing Omnimesh Modules, which are integral to smart metering solutions, focusing on enhancing power distribution and metering infrastructure, particularly in India.
YTD Price Performance: 59.22%
Average Trading Volume: 731,563
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £49.79M
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