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CyanConnode secures letter of award from JST Grouip
(Sharecast News) - Radiofrequency mesh network specialist CyanConnode announced on Monday that it had secured a significant letter of award from its partner, the JST Group (JST). The AIM-traded firm said the letter of award entailed the delivery of 101,360 Omnimesh cellular modules (CNICs).
It said the agreement expanded on previous deployments and orders for Omnimesh RF modules, gateways, and 206,735 Omnimesh perpetual software licences in Thailand, spanning from 2019 to 2021.
The board said the letter of award stood as CyanConnode's largest received contract for CNICs to date.
It said the deployment of the Omnimesh CNICs was slated to start in the first quarter of the 2025 financial year.
"I am pleased to announce this latest letter of award from JST, which not only broadens our engagement in the Thai market but also demonstrates the expansion of our Omnimesh product range to include a standards-based cellular solution," said executive chairman John Cronin.
"This important development, with a standards-based cellular product, gives our HES both RF and cellular capability."
At 1001 GMT, shares in CyanConnode Holdings were up 3.73% at 11.67p.
Reporting by Josh White for Sharecast.com.
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