LONDON (ShareCast) - (Sharecast News) - Mesh networks specialist CyanConnode Holdings has received a follow-on order from Larsen & Toubro (L&T) for the Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company (MPWZ), worth around $0.48m, it announced on Wednesday.
The AIM-traded firm had announced receipt of an order worth $3.2m from L&T in 2018, relating to the deployment of its Omnimesh solution for MPWZ.

Hardware for that order was delivered to L&T during 2018, and the deployment had reportedly progressed rapidly.

Upon implementation of CyanConnode's Ominimesh solution, the board said MPWZ had seen "dramatic improvements" in billing efficiency, particularly in 'feeder' areas with high non-technical losses.

As a result, MPWZ had decided to increase the quantity of smart meter deployments in 'feeder' areas with high non-technical losses first, the result of which was to reduce the number of 'RF Smart Mesh Network Canopy Gateway' deployments but increase the number of 'RF Module' deployments.

With the increased number of RF Module deployments, the combined value of the original order and the follow-on order had increased to around $3.68m.

State-owned utility MPWZ operates in Madhya Pradesh, and has more than three million electricity meters, located in Indore, Ujjain and other cities.

CyanConnode said its technology, which met the technical requirements for 'Advanced Metering Infrastructure' in India, had been integrated into L&T's IS 16444 Smart Meter, which complied with the 'Bureau of Indian Standards' meter protocol.

It explained that its Omnimesh solution provided automated meter reading, including on-demand meter reading, remote meter disconnection and reconnection, alerts, and alarms including outage notifications, all of which helped utilities to improve their billing efficiency as well as reducing non-technical losses.

"CyanConnode India is pleased to announce the first follow-on order for its Omnimesh solution, which was officially launched in June last year," said CyanConnode's managing director of India, Anil Daulani.

"Our RF Smart Mesh Network technology facilitates the deployment of a build-as-you-go smart network canopy, which will enable MPWZ to scale-up smart metering deployment across its customer base in a cost-effective and flexible manner."

Daulani said MPWZ's implementation demonstrated how standards-based technology could be integrated and deployed swiftly, facilitating billing efficiency and reduction of non-technical losses.

"CyanConnode has made significant progress in India with its revolutionary Omnimesh technology, which is demonstrated by a current Indian order book of over $20m."

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