CyanConnode Holdings plc announced that it has received a Letter of Award (LOA) for a follow-on smart metering deployment in the Middle East and North Africa (MENA) region. This follow-on contract builds upon the first MENA order announced by the Company in April 2022 and is for CyanConnode's cellular communications product, which will be deployed to connect smart electricity and smart water meters. Under the LOA, CyanConnode will supply cellular hubs, with a capacity to connect 1.41 million devices.

Delivery of the first 7,000 hubs is expected to complete by early November 2023, with the full contract expected to be delivered over the next 12 months.