Interview with MD & CEO for CyanConnode India

RNS Number : 3150W

CyanConnode Holdings PLC

17 April 2023

 

17 April 2023

CyanConnode Holdings plc

("CyanConnode" or the "Company")

CyanConnode interview with Ratna Garapati, MD & CEO for CyanConnode India

CyanConnode Holdings plc (AIM: CYAN), a world leader in narrowband radio frequency (RF) mesh networks, is currently undergoing a period of significant growth in the Indian smart metering industry. Please find a link below to a recent interview with Ratna Garapati, MD & CEO of CyanConnode India, conducted by Directors' Talk Interviews. In the interview, Mr. Garapati discusses the rapid growth of the Indian smart metering market and the company's role in supporting the Government of India's vision of connecting 250 million homes with smart meters. He highlights CyanConnode's competitive edge in the market, its commitment to climate action and sustainability, and its plans to maintain its leadership position as the market continues to expand.

During the 9 minute interview, Mr Garapati highlighted the importance of the Revamped Distribution Sector Scheme (RDSS), which has been introduced to tackle challenges faced by the power sector in India. These include high aggregate technical and commercial losses and the gap between the average cost of supply and the average revenue realized. The RDSS aims to deploy smart meters on a large scale, and there are already tenders targeting approximately 100 million smart meters in the market.

CyanConnode's technology is ideally suited for the rollout in India, thanks to its compliance with government regulations, robust security features, cost-effectiveness, reliability, and versatility. The company's RF communication technology operates within the license-free spectrum for smart metering and employs advanced encryption techniques to ensure customer data privacy and security.

Ratna also revealed CyanConnode's plans to introduce a long-range RF solution designed to benefit rural areas and overcome limitations of cellular coverage, along with a universal Head-end system. This solution has already been successfully tested in the state of Himachal Pradesh in India.

As smart meters become increasingly important in India's energy transition, they will facilitate bidirectional data and energy flow between consumers and utilities, thus enabling better integration of renewable energy sources. With its expertise in the Indian ecosystem and proven track record, CyanConnode is confident in maintaining its leadership position in the future.

The full interview with Ratna Garapati can be viewed here:

https://www.directorstalkinterviews.com/cyanconnode-well-positioned-for-rapid-growth-of-indian-smart-metering-market-video/4121114381

For further information, please contact:

CyanConnode Holdings plc John Cronin, Executive Chairman	[phone]
Strand Hanson Limited (Nominated and Financial Adviser) James Harris, Richard Johnson, David Asquith	[phone]
Zeus Capital Limited (Broker) Simon Johnson, Alexandra Campbell-Harris	[phone]

About CyanConnode

CyanConnode (AIM:CYAN), 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.

 CyanConnode's award-winning Omnimesh Advanced Metering Infrastructure (AMI) platform has 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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