DJ Hardman & Co Research: CyanConnode (CYAN): Major announcement in India with IntelliSmart
Hardman & Co Research
Hardman & Co Research: CyanConnode (CYAN): Major announcement in India with IntelliSmart
27-May-2021 / 16:30 GMT/BST
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Hardman & Co Research: Major announcement in India with IntelliSmart
CyanConnode has announced a non-binding Memorandum of Understanding (MOU) with IntelliSmart, a partially state-owed
entity that is at the centre of the smart meter rollout programme in India. Under the terms of the MOU, CyanConnode
will utilise its hybrid RF/cellular technologies for existing and new IntelliSmart smart meter contracts amounting to
millions of units. In the context of the Indian Government's programme to deploy 250 million smart meters, this is
likely to be a leap forward for CyanConnode in securing a significant share of the Indian opportunity. Our DCF-implied
equity fair value is GBP71.8m (equating to GBP0.38 per share).
Please click on the link below for the full report:
https://www.hardmanandco.com/research/corporate-research/major-announcement-in-india-with-intellismart/
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About Hardman & Co: For the past 25 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.
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1201681 27-May-2021
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(END) Dow Jones Newswires
May 27, 2021 11:30 ET (15:30 GMT)
