This contract relates to the $11.6 million purchase order announced last week, for Omnimesh IPv6-based hardware, perpetual software licenses and services, received from a Tier One Metering Partner. It includes support and maintenance of the RF Canopy, firmware and software support and training. The contract will start within six months from the commencement of meter installations and is for an initial period of five years.
Anil Daulani, Managing Director of CyanConnode Pvt Limited, commented: "We are very pleased to announce this significant, follow-on order for support and maintenance for the Omnimesh smart metering solution being provided to the State-Owned Utility. As an integrated network services company, we have the technology, partners and expertise to provide end-to-end smart metering RF communications solutions that enable utilities to reduce their cost to serve and improve customer experience.
“This contract demonstrates our commitment and ability to provide both world class technology and expert support to customers, from integration to ongoing maintenance. CyanConnode designs, delivers and supports solutions and services which enable organisations to create, improve and operate the smart networks that their businesses depend on. Our comprehensive approach builds customer confidence and loyalty, providing scope for follow-on orders as well as further revenue streams.”
The Omnimesh product was officially launched on 27 June 2018 and the total value of orders received for this new product is now more than $18.9 million, which demonstrates its suitability for the Indian smart metering market.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.