HARDMAN & CO RESEARCH Hardman & Co Research: CyanConnode (CYAN): Major announcement in India with IntelliSmart
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Hardman & Co Research
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 £71.8m (equating to £0.38 per share). Please click on the link below for the full report: If you are interested in meeting the company, you can register your interest by clicking on the above link
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1201681 27-May-2021