Appointment of MD and CEO CyanConnode India

RNS Number : 1850H

CyanConnode Holdings PLC

02 December 2020

 

 2 December 2020

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Appointment of Managing Director and Chief Executive Officer CyanConnode India

CyanConnode Holdings plc (AIM: CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, is pleased to announce that it has appointed Ajoy Rajani as Managing Director and Chief Executive Officer of CyanConnode India. Anil Daulani will step down with immediate effect.

Ajoy Rajani is a highly experienced and well-regarded business leader within the Indian Power Sector and also has a wealth of expertise in the Telecoms and IT Sectors.  He has held various senior positions with Reliance Communications and Reliance Energy for the last sixteen years, with Ajoy also having held  the position of Senior Executive Vice President of Adani Energy Mumbai, where he has driven technological innovation to increase revenues to circa USD 100m.

John Cronin, Executive Chairman of CyanConnode, commented :

"We are delighted that Ajoy Rajani has joined CyanConnode as Managing Director and Chief Executive Officer of India. Ajoy has significant experience with a strong track record of growing and improving technology based businesses within the Indian Power Sector. I look forward to working with Ajoy to continue the growth and development of our business.

"The Board would also like to thank Anil Daulani for his hard work in growing CyanConnode India during an important period and we wish him every success with his new venture."

Ajoy Rajani, Managing Director and Chief Executive Officer of CyanConnode India, commented:

"CyanConnode India is an exciting business which has a strong customer base with a proven and robust suite of products. I am delighted to have the opportunity to work with the team and lead CyanConnode India into the next stage of its strategic development."

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Enquiries:

CyanConnode Holdings plc                                                                          Tel: [phone]

John Cronin, Executive Chairman                                                                www.cyanconnode.com

Yellow Jersey PR (Financial PR)  Tel: [phone]
Sarah Hollins/ Annabel Atkins                                                                      [e-mail]

Arden Partners plc (Joint Broker)                                                               Tel: [phone]

Paul Shackleton / Dan Gee-Summons (Corporate Finance)

Simon Johnson (Corporate Broking) 

About CyanConnode

CyanConnode (AIM:CYAN.L), is a world 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, whilst giving exceptional performance and competitive total cost of ownership.

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.

Through a Global partner eco-system, which is vendor agnostic, CyanConnode has several routes to market, therefore it is well positioned to capitalise upon increasing Global demand for smart metering solutions.

For more information, please visit  www.cyanconnode.com

 

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