CyanConnode Holdings (LON:CYAN) New Order for Smart Metering Solution in Thailand

CyanConnode Holdings plc (AIM: CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, is pleased to announce an order in Thailand, a new territory, for 33,000 units from its Distributor and Technology Partner.

The JST Group (JST). The end customer is Metropolitan Electricity Authority (MEA), a Thai state enterprise under the Ministry of Interior.

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 Thailand.

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 $0.4 million, which is approximately 25% of the contract value. On successful deployment the 33,000 units is expected to extend to a further 200,000 units. A kick-off meeting will be held in mid-January at which the full roll out plan will be agreed.

MEA, a state-owned energy utility group serving around 4 million customers in the city of Bangkok and two adjacent provinces, is deploying a Smart Metro Grid platform to improve power availability and reliability, as well as to analyse distribution losses, automate meter reading, and increase customer satisfaction.

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 The National Broadcasting and Telecommunications Commission (NBTC) of Thailand.

John Cronin, CyanConnode Executive Chairman, commented:

“We are delighted to be part of the consortium contracted to implement a smart metering deployment for MEA in Thailand.

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 Thailand.”

John Stamp, JST Group CEO, commented:

“We are looking forward to working with our partners on this deployment which is the first in Thailand for our group of partners. The collaboration will deliver value-added benefits to MEA and the broader energy market in Thailand, offering new and innovative solutions that enable energy security and sustainability.”

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.”


Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates.

Terms of Website Use

All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned

CYAN - CyanConnode Holdings (LON:CYAN) New Order for Smart Metering Solution in ThailandCYAN - CyanConnode Holdings (LON:CYAN) New Order for Smart Metering Solution in Thailand
Share via
Copy link
Malcare WordPress Security