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CyanConnode – contract “Letter of Award”, but how are those shipments delays now?

By Steve Moore | Monday 12 May 2025


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Describing itself as “a global provider of IoT communication and smart metering solutions”, CyanConnode (CYAN) has announced that “it has now received a formal Letter of Award by the Government of Goa's Electricity Department for this contract, to deploy approximately 750,000 smart meters”. How significant is the news, with the shares currently over 4% higher in response at 8.35p?
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