Hardman & Co has initiated research on narrowband radio frequency communications networks developer CyanConnode (LON: CYAN) and it believes that the company could be profitable within two years.
Smart meter roll outs have been gathering pace in India and the company’s RFMesh smart meter communications technology is an important component in several of the contracts. There are also potential contract wins in other countries, such as Thailand, the UAE and Egypt.
There are orders for more than 513,000 modules and potential to gain more in India and other parts of the world.
Uncertai...
