Cyanconnode launches smart metering application in Asia
Narrowband radio mesh network developer Cyanconnode Holdings on Wednesday launched its Omnimesh smart-metering solution at Asia Utility Week in Bangkok.
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The AIM-traded company said it was well placed to take advantage of growing demand for standards-based solution, and added it had already won orders worth $4.3m in India, including with Genus Power.
John Cronin, CyanConnode executive chairman, said: "This launch signifies the end of a major development programme for the company, which will result in a substantial reduction in development costs at the same time as opening up new revenue streams."
Ahead of the product’s launch the company has rolled out the new solution to two Indian customers in a move that the company said “demonstrates the suitability of the product”.
The technology is designed to enable utilities to gather complete, accurate and timely customer metering data, reducing loss and energy costs by maximising billing revenues and increasing power quality and customer experience.
Furthermore, the solution provides improvements in energy distribution reliability and resilience through the rapid identification and response to peaks in demand, quickly locating and resolving faults and implementing real time controls to prevent minor faults developing into wider outages.
Jitendra Kumar Agarwal, Genus Power joint managing director, said: "We understand, CyanConnode's robust networks are proven by its customer deployments globally and therefore Genus looks forward to working with CyanConnode on this and other similar projects in India."
As of 1436 BST, Cyanconnode Holdings’ shares were down 5.37% at 9.70p.