New deal takes India order book for Cambridge tech past $20m
A new contract worth around $480k has boosted CyanaConnode’s order book for its Omnimesh RF technology in India past the $20 million mark.
The Cambridge business has clinched a follow-on order from Larsen & Toubro (L&T) for the Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company.
Larsen & Toubro is one of the largest Indian multinational firms and a leading construction company.
The latest deal follows successful deployment of Omnimesh last year which MPWZ says has triggered dramatic improvements in billing efficiency, particularly in 'feeder' areas with high non-technical losses.
This has prompted MPWZ to increase the quantity of smart meter deployments in 'feeder' areas with high non-technical losses first – a side effect of which will be to increase the number of RF Module deployments.
With the increased number of RF Module deployments, the combined value of the original and follow-on order has increased to around $3.68m.
MPWZ, the State-owned utility, operates in Madhya Pradesh and has over three million electricity meters located in Indore, Ujjain and other cities. CyanConnode's technology meets the technical requirements for advanced metering Infrastructure in India.
Omnimesh provides automated meter reading including; on-demand meter reading, remote meter disconnection/reconnection, alerts and alarms including outage notifications, all of which helps utilities to improve their billing efficiency as well as reducing non-technical losses.
Anil Daulani, managing director India, commented: “Our RF Smart Mesh Network technology facilitates the deployment of a build-as-you-go smart network canopy, which will enable MPWZ to scale-up smart metering deployment across its customer base in a cost-effective and flexible manner.
“MPWZ's implementation demonstrates how standards-based technology can be integrated and deployed swiftly, facilitating billing efficiency and reduction of non-technical losses.
“CyanConnode has made significant progress in India with its revolutionary Omnimesh technology, which is demonstrated by a current Indian order book of over $20m.”