CyanConnode (LON:CYAN) has announced that it will partner EESL Energy Solutions LLC, Dubai, (EESL), as technology partner for projects in the Middle East and Africa for smart metering and smart lighting projects.
EESL India is a joint venture of four Indian public-sector undertakings; NTPC Limited, Power Finance Corporation Limited, Rural Electrification Corporation Limited and POWERGRID Corporation of India Limited.
EESL has also established a Joint Venture in Dubai, partnering with Hansa Energy Solutions to form EESL Energy Solutions LLC.
John Cronin, executive chairman of CyanConnode, commented on the newly established partnership:
“I am delighted to announce this partnership with EESL Energy Solutions, which I believe will deliver new opportunities for CyanConnode.”
“Offering a range of business models gives a flexible approach to our partnership with EESL and we look forward to collaborating with them to develop and deliver large-scale projects in the Middle East and African markets.”
Saurabh Kumar, EESL Executive Vice Chairperson, expressed similar views over the collaboration:
“EESL Energy Solutions is promoting energy efficiency projects in the Middle East and Africa and is pleased to be partnering with CyanConnode. We have selected CyanConnode as Technology Partner to leverage its market-leading RF Mesh Technology.”
“I look forward to a successful collaborative partnership.”
CyanConnode is a leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, which are used for machine to machine (M2M) communication. As well as being self-forming and self-healing, CyanConnode’s RF Smart Mesh Networks are designed for rapid deployment.
In June 2018, CyanConnode launched its award-winning Omnimesh Advanced Metering Infrastructure (AMI) platform, which has already gained considerable commercial traction, especially in India which is a key market for the Company.
On early morning trading CyanConnode’s share price is up by nearly 10%.
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