Today, CyanConnode (LSE: CYN) announced an MOU (Memorandum of Understanding) with Intellismart in India, a smart meter asset provider to Indian utilities with asset under management of around £4.3billion. That should be enough to finance the meter-as-a service financing package for the Indian utilities and others who will then be able to repay the capital costs out of the savings generated by installing these smart meters with its users. This RNS follows a JV that was recently announced with a US company Strategic Alliance Agreement with SEW (Smart Energy Water) provider s...
