Cyanconnode Share News (CYAN)

(ShareCast News) - AIM-listed Cyan Holdings said it has signed a strategic partnership agreement with Enzen Global to collaborate to deliver expertise in narrowband mesh technology to the Internet of Things (IoT) market in Ireland."This agreement will provide combined value to support Smart Energy, Smart Cities and IoT in the Irish market. CyanConnode's communication platform will enable Enzen to deliver Metering as a Service (MaaS), offering utilities an outsourced smart metering solution and reduced costs," Cyan said in a statement.Cyan will provide hardware and its Head End Software on a recurring revenue basis and Enzen will provide system integration to deliver this MaaS model.Ireland's Commission for Energy Regulation is operating a National Smart Metering Programme with a target to install 80% of the required smart meters in the Republic of Ireland by 2020.The Irish utility, ESB Networks, has issued a contract notice to deliver 2.2m smart meters in the Republic of Ireland.Enzen will submit a bid based on CyanConnode's Ultimesh narrowband mesh solution for the ESB Networks tender, of which the communications Request For Proposal is expected in Q3 2016.Cyan executive chairman John Cronin said: "We are delighted to be working with Enzen in Ireland, a partnership built on our successful relationship with Enzen in India. CyanConnode has established an eco-system of partners in each target market and it is now starting to build partnerships that are global, which will support our expansion into new markets."