TIDMCYAN
Cyan Holdings Plc
15 November 2016
Cyan Holdings plc
("CyanConnode" or the "Company")
CyanConnode Wins Two Frost & Sullivan Awards for
Excellence
Cambridge, UK: CyanConnode, the world leader in narrowband RF
networks for Omni Internet of Things (IoT) communications, has won
two Frost & Sullivan best practices titles in the 2016 awards.
The Company was awarded the Global Smart Meter Growth Excellence
Leadership Award and the Award for Best Practices in Enabling
Technology Leadership in Smart Lighting Control for the Public
Lighting Industry. These awards recognise CyanConnode's consistency
in delivering innovative technology and customer value across the
global smart metering and smart lighting industries.
With more than 500% growth in revenues for the first half of
2016 alone, CyanConnode has recorded the highest growth rate in the
global smart meter market. Through the effective leverage of the
Company's technical competence, along with its ability to forge
strategic partnerships with leading industry participants and a
customer-centric approach, CyanConnode has successfully deployed
smart metering in highly competitive business environments. The
Company has built strong partner ecosystems within its target
markets, which has helped maintain their position at the top of the
industry as well as attract new customers. In addition to its
organic growth strategy in next-generation economies, Cyan acquired
Connode in July 2016 to build its brand and presence within
developed markets as well, adding a fully compliant standards-based
smart metering technology platform to the Company's pre-existing
well established mesh based flexible wireless solutions.
John Cronin, CyanConnode Executive Chairman, commented: "Design,
quality and service are at the heart of what we're trying to
achieve at CyanConnode. We take an enormous amount of pride in
consistently delivering high levels of value through strategic
partnerships which transfers skills and generates wealth for our
local partners. In a highly dynamic global market, it is a great
achievement for our team to be recognised for its commitment to
innovation, leadership and for staying ahead of the
competition."
David Frigstad, Chairman of Frost and Sullivan, commented: "To
achieve leadership in growth is never an easy task, but it is one
made even more difficult due to today's competitive intensity,
customer volatility, and economic uncertainty-not to mention the
difficulty of innovating in an environment of escalating challenges
to intellectual property. Within this context, CyanConnode's
receipt of this award signifies an even greater accomplishment. We
believe that such an achievement should be acknowledged and
celebrated."
Rajiv Kumar, Senior Analyst at Frost and Sullivan, commented:
"The Company's focus on delivering a powerful and energy-efficient
smart lighting system based on narrowband RF mesh network wireless
communications, which can be further scaled up for various IoT
applications, can be expected to revolutionise the smart lighting
market. The capability of Ultimesh to work with any lighting
technology and Web applications can expand the potential of
Ultimesh lighting control on a global scale. With its strong
overall performance, CyanConnode has earned Frost & Sullivan's
2016 Enabling Technology Leadership Award."
Previous recipients of Frost & Sullivan best practice awards
include Huawei Technologies Co Ltd, Intel Corporation, Tata
Communications Ltd, Vodafone Group, and Cisco.
CyanConnode provides narrowband RF mesh technology worldwide.
Its solutions provide narrowband mesh technology, optimised for
exceptional performance and total cost of ownership. Smart metering
is part of a country's critical infrastructure, and CyanConnode
recognises that its work is of national importance. The company,
therefore, works in partnership with local suppliers and
manufacturers worldwide and has developed an approach that
explicitly seeks to transfer skills and knowledge, establish local
ownership, and generate local wealth.
Enquiries:
Cyan Holdings plc Tel: +44 (0) 1954
234 400
John Cronin, Executive Chairman www.cyantechnology.com
Cantor Fitzgerald Europe - Tel: +44 20 7894
Nomad and Broker 7000
Andrew Craig / Richard Salmond
Beaufort Securities Limited Tel: +44 (0) 20
- Joint Broker 7382 8300
Jon Belliss
Walbrook PR - Financial PR Tel: +44(0) 20 7933
8780
Paul Cornelius/Nick Rome cyan@walbrookpr.com
About CyanConnode
CyanConnode is a world leader in narrowband RF mesh networks
that enable Omni IoT communications. Cyan's Ultimesh provides
narrowband RF mesh network, optimised for exceptional performance
and total cost of ownership and Connode's Panmesh delivers
standards-based IPv6 solutions, enabling rapid innovation for the
implementation of third party applications. The Group provides
customers with the flexibility and choice required to converge
networks for applications in smart cities and IoT, delivering
increased customer value.
For more information, please visit www.cyanconnode.com.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in
collaboration with clients to leverage visionary innovation that
addresses the global challenges and related growth opportunities
that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these
opportunities and incorporating two key elements driving visionary
innovation: The Integrated Value Proposition and The Partnership
Infrastructure.
-- The Integrated Value Proposition provides support to our
clients throughout all phases of their journey to visionary
innovation including: research, analysis, strategy, vision,
innovation and implementation.
-- The Partnership Infrastructure is entirely unique as it
constructs the foundation upon which visionary innovation becomes
possible. This includes our 360 degree research, comprehensive
industry coverage, career best practices as well as our global
footprint of more than 40 offices.
For more than 50 years, we have been developing growth
strategies for the global 1000, emerging businesses, the public
sector and the investment community. Is your organization prepared
for the next profound wave of industry convergence, disruptive
technologies, increasing competitive intensity, Mega Trends,
breakthrough best practices, changing customer dynamics and
emerging economies?
This information is provided by RNS
The company news service from the London Stock Exchange
END
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November 15, 2016 02:01 ET (07:01 GMT)
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