CyanConnode Holdings PLC – Follow-on order for Swedish utility

CyanConnode Holdings plc, (AIM:CYAN), a global leader in IoT smart communications technology utilising narrowband Radio Frequency (RF) for smart city solutions, is pleased to announce that it has received a follow-on order from HM Power, for a smart metering implementation for a Swedish utility, worth SEK 8.6 million (£700k).  Deliveries for this order are expected to commence in Q3 2019 and will continue into future periods. The final roll-out schedule is still being agreed with the customer. 

The follow-on order, which relates to the order announced on 16 July 2018, was received following the successful completion of a smart metering pilot in Q3 2018, and leverages the functionality of Omnimesh.  CyanConnode’s solution provides long-range RF communications, which will maximise the resilience of the RF Smart Network in rural areas and will be used for the smart metering of Electricity and District Heating. 

District Heating is an environmentally friendly method of heating homes, schools and commercial premises.  Instead of every premises having its own heating system, heat is produced within the neighbourhood from a centrally located plant, with heat being transmitted to individual premises by a piped fluid.  The central plant uses environmentally friendly technology to generate heat and power from many different fuels, including domestic and industrial waste.

Björn Lindblom, CyanConnode Chief Commercial Officer, commented: “I am pleased to announce this follow-on order, which validates HM Power’s confidence and commitment to Omnimesh RF Smart Mesh Networks.  The smart metering of District Heating further demonstrates the versatility of the Omnimesh platform.”