CyanConnode wins order HM Power

CyanConnode has received a purchase order for 100,000 Panmesh software licences from HM Power Metering AB in Sweden for smart grid and Internet of Things implementations.

In April 2016, CyanConnode signed a non-exclusive distribution agreement with HM Power to distribute the company's smart grid and IoT solutions in Sweden.

The purchase order is expected to cover HM Power's initial requirements for Panmesh software licences and will be invoiced as the licences are delivered to HM Power's utility customers, as part of the rollout to replace existing smart meters in Sweden.

At 9:29am: (LON:CYAN) CyanConnode PLC share price was +0.01p at 0.2p