Last checked at 11 Feb 2013 07:00
Cyan Holdings plc
("Cyan" or the "Company")
Deployment of pilot in Northern India
and
Participation in technology trade mission to India
Cyan Holdings plc (AIM:CYAN.L), the integrated system and software design company delivering mesh based flexible wireless solutions for utility metering and lighting control, announces that one of its strategic meter manufacturer partners has deployed a pilot with a large public utility in the north of India demonstrating CyLec®, Cyan's smart electricity metering technology. This is the first time Cyan's solution has been deployed with the utility.
Cyan's meter manufacturer partner is deploying Cyan's integrated solution for Advanced Metering Infrastructure (AMI) for a large public utility in the north of India. The utility, a regional government undertaking, undertakes the power distribution and retail supply business in the northern parts of the state. It services approximately 2 million domestic and over 300,000 non-domestic/light industrial customers in 11 districts under their jurisdiction.
Participation in technology trade mission to India
Cyan also announces that is has been chosen to participate in Web Mission 2013, a trade mission to Bangalore and New Delhi supported by the Technology Strategy Board and UK Trade & Investment (UKTI). The 16 participants were assessed on their innovation, market opportunity and ability to do meaningful business in India. The week long trade mission, starting on 9 February 2013, will allow participants to meet with potential customers and partners and develop their know-how of the business ecosystem and what it takes to succeed. http://webmission.com/
John Cronin, Executive Chairman of Cyan, commented: "We are delighted that one of our key strategic partners has implemented a further pilot in India, demonstrating an additional step in the adoption of CyLec® as a standard for smart electricity metering across India.
We are also encouraged that Cyan has been chosen to participate in this technology trade mission to India, supported by the UKTI. Whilst we await the decision on the TNEB tender, Cyan has been active in building momentum in India with multiple pilot installations demonstrating CyLec®. This mission will support our strategy to build key relationships with local and international companies in the energy and utilities sectors in India to address the significant market opportunity."
Enquiries:
Cyan Holdings plc John Cronin, Executive Chairman www.cyantechnology.com | Tel: +44 (0) 1954 234 400 |
Cenkos Securities plc NOMAD and Joint Broker Stephen Keys / Adrian Hargrave | Tel: +44 (0)20 7397 8900
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XCAP Securities plc Joint Broker Jon Belliss / Adrian Kirk | Tel: +44 (0)20 7101 7070 |
Walbrook PR Bob Huxford (Media Enquiries) Paul Cornelius (Investor Enquiries) | Tel: +44 (0)20 7933 8780 CyanHoldings@walbrookpr.com |
About Cyan
Cyan is an integrated system design company delivering mesh based flexible wireless solutions for utility metering, lighting control & industrial telemetry. For more information, please visit www.cyantechnology.com.
About CyLec
CyLec is a complete control and communication network for electricity metering. CyLec uses wireless technology to enable the collection and delivery of data from and to a meter, such as energy profiles, instant readings and the sending of tariff updates. Priority data can also be sent back to the utilities such as information regarding tampering enabling the utility to take action immediately.