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Hardman & Co Research: CyanConnode (CYAN): Major announcement in India with IntelliSmart

·2-min read

Hardman & Co Research
27-May-2021 / 16:30 GMT/BST

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:

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.

Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259.

Our research is provided for the use of the professional investment community, market counterparties and sophisticated and high net worth investors as defined in the rules of the regulatory bodies.  It is not intended to be made available to unsophisticated retail investors. Anyone who is unsure of their categorisation should consult their professional advisors. This research is neither an offer, nor a solicitation, to buy or sell any security. Please read the note for the full disclaimer.

 


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The issuer is solely responsible for the content of this announcement.

End of Announcement - EQS News Service

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