Strengthening of CyanConnode India Team

RNS Number : 9161C

CyanConnode Holdings PLC

24 June 2021

 

REACH

 24 June 2021

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Strengthening of CyanConnode India Team

CyanConnode Holdings plc (AIM: CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, is pleased to announce management changes to CyanConnode India, which it believes will strengthen the team as it continues on its growth path.

Rajiv Kumar has been appointed as Managing Director and Chief Executive Officer of CyanConnode India, while Ajoy Rajani takes the role of Vice Chairman of CyanConnode India, where he will focus on the strategy and key partnerships of the Company.

Rajiv Kumar is a dynamic professional with twenty-five years experience in digital energy for transmission and distribution utilities. He joins CyanConnode from Intellismart (Intellismart  Infrastructure Private Limited), where he managed one of the largest smart meter deployment programs in India in his role as Chief operating Officer, a role he held since Intellismart was set up in 2019. He joined Intellismart from EESL (Energy Efficiency Services Limited),  where he was responsible for driving the Smart Meter National Program under the Ministry of Power, Govt. of India.  Prior to EESL, Rajiv's experience included more than a decade working for Schneider Electric, both internationally and in India in strategic roles in their digital energy business, and a decade working for Powergrid Corporation of India.  

John Cronin, Executive Chairman of CyanConnode, commented :

"We are delighted that Rajiv has joined us as Managing Director and Chief Executive Officer of CyanConnode India. His background and experience will be of great benefit to CyanConnode at this exciting time and I look forward to working with him. I'm also pleased to announce the change in Ajoy Rajani's role to Vice Chairman of CyanConnode India where he will continue to develop and maintain our key partnerships."

Rajiv Kumar, Managing Director and Chief Executive Officer of CyanConnode India, commented:

"CyanConnode India is a business which I believe has great potential during this exciting time in the Indian power sector, and I'm pleased to be joining it as MD & CEO. I believe my experience in this industry can be of great benefit as the Company continues on its path of growth"

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Enquiries:

CyanConnode Holdings plc    Tel: [phone]

John Cronin, Executive Chairman    www.cyanconnode.com

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

Paul Shackleton / Akhil Shah (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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