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CyanConnode Holdings plc (LSE:CYAN), known for its narrowband radio frequency (RF) smart mesh networks, has announced that its Indian subsidiary, CyanConnode Pvt Ltd, has reached a notable achievement. The company has successfully deployed over two million communication endpoints across India, marking a first in the smart metering communications sector in the country. This deployment encompasses ten states including Assam, Rajasthan, Himachal Pradesh, Madhya Pradesh, Gujarat, Tamil Nadu, Bihar, Maharashtra, Karnataka, and Andhra Pradesh. This accomplishment highlights CyanConnode’s capability in providing extensive and reliable smart metering solutions, contributing to advancements in energy management and digital transformation in India.
Recognition for Tangedco's Smart Metering Project
The Tamil Nadu Generation and Distribution Corporation Limited (Tangedco) has been awarded the SKOCH Gold Award in the Power & Energy category. This accolade recognizes the success of Tangedco’s smart metering project, which utilizes CyanConnode's communication network. The project has achieved high performance in billing and smart metering communication, with rates exceeding 99%. This level of performance has led to improved invoicing efficiency, reduced errors, and enhanced customer satisfaction through prompt billing. Additionally, the project has optimized operational processes, contributed to reduced carbon emissions, increased revenue, and improved manpower utilization.
Impact and Future Outlook
The achievements underscore CyanConnode’s role in advancing smart metering solutions and its support for India's energy management initiatives. The successful deployment of two million communication endpoints demonstrates the company’s extensive reach and expertise in smart metering technology. The recognition of Tangedco’s project with the SKOCH Gold Award further affirms the effectiveness of CyanConnode's technology in enhancing operational efficiency and customer experience.
