Trading Update and Notice of Results

RNS Number : 8322V

CyanConnode Holdings PLC

11 April 2019

 

                                11 April 2019

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Trading Update and Notice of Results  

CyanConnode Holdings plc (AIM: CYAN), a global leader in Narrowband Radio Frequency (RF) Smart Mesh Networks for smart city solutions, advises that it will be announcing its financial results for the year ended 31 December 2018, on Wednesday, 8 May 2019.  As reported on 17 January 2019, the Company's 2018 financial results revenues will significantly exceed FY 2017. CyanConnode also confirms that trading for the first three months in 2019 has been performing well and is in line with market expectations.

John Cronin, Executive Chairman, commented:

"We are pleased to report that trading for the first quarter of 2019 has met CyanConnode's market expectations.  In addition, the Board believes it has sufficient funds to execute its business plan for 2019 and reach cashflow breakeven. CyanConnode is expecting a positive second half of 2019 in its key markets including India, China and the rest of world for its pioneering smart city technology solutions."

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Enquiries:

CyanConnode Holdings plc                                                                        

John Cronin, Executive Chairman                                                       Tel: [phone]

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

Arden Partners plc (Nomad and Broker)

Paul Shackleton / Dan Gee-Summons (Corporate Finance)          Tel: [phone]

Simon Johnson (Corporate Broking)

About CyanConnode

CyanConnode is a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks that facilitate machine to machine (M2M) communication. CyanConnode's innovative network technology, which is self-forming and self-healing, uses the Licence Free Industrial, Scientific and Medical Radio Band which is optimised to give exceptional performance and competitive total cost of ownership. Through global partnerships, CyanConnode provides customers with solutions for the rapid deployment of build-as-you-go Narrowband RF Smart Mesh Networks, that provide reliable and secure citywide or countrywide M2M communication.

For more information, please visit www.cyanconnode.com

 

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