CyanConnode - $10M follow-on order
CYAN
Tue, 15 Aug 2017, 07:15am BST
CyanConnode Holdings plc is listed on the AIM market in London and is based in Cambridge UK. The company has three wholly owned subsidiaries, CyanConnode Ltd (a company registered in England and Wales), CyanConnode Private Limited (a company registered in India), and Connode Holding AB (a company registered in Sweden). In addition, Connode Holding AB has one wholly owned subsidiary, Connode AB (a company registered in Sweden), which also has a wholly owned subsidiary, Connode India Private Limited (a company registered in India). The companies provide wireless communication technology for smart metering, lighting and the Internet of Things.
Industry: Telecommunications
Contact:
http://www.cyanconnode.com/
John Cronin, Executive Chairman, announces a further $10M follow-on order for a smart metering project in Bangladesh. CyanConnode announced an initial order of $5M for this project in February, which was then extended to $9M in June. Only two months later, the customer has now placed a new extension order of $10M for a further 300,000 units taking the total order to date to 550,000 units, with an overall value of $19M.