LONDON (Alliance News) - Cyan Holdings PLC on Wednesday said it has secured an order for around GBP10.0 million for implementing smart meters of electricity in Iran.
Cyan has won the contract with telecommunications contractor Micromodje to implement around 360,000 smart meters using Cyan's CyLec's advanced electricity metering infrastructure.
Cyan said the hardware shipments are expected to start towards the end of 2016. The order follows Cyan having secured an initial purchase order with Micromodje in February.
"We are delighted to have secured this very significant order in Iran so quickly after our initial pilot deployment. This is a transformational point in Cyan's development," said John Cronin, Cyan's executive chairman.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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