CyanConnode has received an order for 350,000 units from MPWZ, an Indian utility, through its partner IPCL Group, taking the current orders being deployed by CyanConnode in India to almost 1 million units. This is the company's third order received for this utility. The units will be deployed over a period of thirty months, commencing Q3 2020, followed by a five year annual maintenance contract with potential for annual renewal (subject to mutual agreement of Ts&Cs) post the initial term. The co ....
07 Sep 2020
CyanConnode* - New contract win with hybrid opex-capex model
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CyanConnode* - New contract win with hybrid opex-capex model
CyanConnode Holdings plc (CYAN:LON) | 8.4 0 (-2.9%) | Mkt Cap: 25.1m
- Published:
07 Sep 2020 -
Author:
Kartik Swaminathan -
Pages:
2
CyanConnode has received an order for 350,000 units from MPWZ, an Indian utility, through its partner IPCL Group, taking the current orders being deployed by CyanConnode in India to almost 1 million units. This is the company's third order received for this utility. The units will be deployed over a period of thirty months, commencing Q3 2020, followed by a five year annual maintenance contract with potential for annual renewal (subject to mutual agreement of Ts&Cs) post the initial term. The co ....