This follow-on contract builds upon the first MENA order announced by the Company in April 2022 and is for CyanConnode's cellular communications product, which will be deployed to connect smart electricity and smart water meters. Under the LOA, CyanConnode will supply cellular hubs, with a capacity to connect 1.41 million devices. This contract significantly enhances our relationship with this important customer, which continues to strengthen as we further develop our business in the MENA region, and enhances our visibility over revenue." In June 2018, CyanConnode launched its award-winning Omnimesh Advanced Metering Infrastructure (AMI) platform, which has already gained considerable commercial traction, especially in India which is a key market for the Company. Through a Global partner eco-system, which is vendor agnostic, CyanConnode has several routes to market, therefore it is well positioned to capitalise upon increasing Global demand for smart metering solutions.
