LONDON (ShareCast) - (ShareCast News) - CyanConnode, a specialist in narrowband radio mesh networks, has won a $150,000 order from Innologix Consulting in India for its smart metering software.
Innologix will integrate CyanConnode's software into its cloud-based energy management solutions to create a platform to store meter data to make sure utilities are charging correctly.

The smart meters for the Innologix solution will use CyanConnode's communications module and data concentrator units, which will be sourced from one of the company's existing local partners.

The order for the head end server software licenses also includes an yearly maintenance contract, which will provide a recurring revenue stream.

CyanConnode executive chairman John Cronin said: "Through our collaborative approach, and commitment to transferring skills and experience to our partners in-country, CyanConnode's communication platform is an enabling technology that delivers cost-effective solutions designed for the utility sector in India."

Innologix Consulting chief executive and founder Atul Agrawal added: "Working with CyanConnode's partner eco-system, we are delighted to have secured our first major customer order for smart metering as a managed service."

Shares in CyanConnode were down 3.16% to 0.184p at 0923 BST.

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