CyanConnode Holdings - New Order for Smart Metering Solution in Thailand
("CyanConnode" or the "Company")
New Order for Smart Metering Solution in
The Company has worked closely with JST and its partner Forth Corporation Public Company Limited (Forth), a telecommunication and electronics company that provides products and integration services in
The purchase order relates to a smart metering deployment which includes CyanConnode's IPV6 Standards-Based Omnimesh Advanced Metering Infrastructure (AMI). Under the agreement CyanConnode will supply its hardware, head end system (HES) and an Annual Maintenance Contract (AMC). Hardware deliveries will commence in 2020, with deliverables for the integrated system commencing immediately. The AMC will deliver a recurring revenue stream over an initial five-year period. As part of the contract, CyanConnode will receive an upfront payment at the time of order of around
MEA, a state-owned energy utility group serving around 4 million customers in the city of
CyanConnode will deploy its Omnimesh technology, which has been integrated into Forth's electricity meters and Oracle's meter data management solution, using the frequency bands of 442 and 447MMHz, allocated to the Thai energy utilities by
"We are delighted to be part of the consortium contracted to implement a smart metering deployment for MEA in
CyanConnode's Omnimesh solution met all evaluation criteria and outperformed competitor solutions. This success demonstrates the suitability of Omnimesh for the global smart metering market.
We look forward to working with JST and Forth to deliver our Omnimesh Advanced Metering Infrastructure platform in
"We are looking forward to working with our partners on this deployment which is the first in
Mr. Pongchai Amatanon, Managing Director, Forth, commented:
"As a leading provider of electricity meters and system integration, we are pleased to deliver CyanConnode's Omnimesh solution to MEA. The ease of integration and deployment of the technology, as well as CyanConnode's expertise in managing data communication across narrowband networks, were key considerations when selecting an AMI solution partner for this bid."
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John Cronin, Executive Chairman www.cyanconnode.com
Yellow Jersey PR (Financial PR) Tel: +44 (0) 20 3004 9512
Sarah Hollins/ Annabel Atkins [email protected]
Paul Shackleton / Dan Gee-Summons (Corporate Finance)
Simon Johnson (Corporate Broking)
CyanConnode (AIM:CYAN.L), is a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, which are used for machine to machine (M2M) communication. As well as being self-forming and self-healing, CyanConnode's RF Smart Mesh Networks are designed for rapid deployment, whilst giving exceptional performance and competitive total cost of ownership.
Through a Global partner eco-system, which is vendor agnostic, CyanConnode has several routes to market, therefore it is well positioned to capitalise upon increasing Global demand for smart metering solutions.
For more information, please visit www.cyanconnode.com
For more information, please visit http://www.jst-group.com/
The Company increased capital and expanded into related-business e.g. telecommunication equipment manufacturing and distribution and digital electronic meter manufacturing, etc. In 2006, the Company was listed on the
For more information, please visit https://www.forth.co.th/en/
This information is provided by RNS, the news service of the
Quick facts: CyanConnode Holdings PLC
Market Cap: £3.27 m
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