Cyanconnode Regulatory News (CYAN)

4 November 2015

Cyan Holdings plc("Cyan" or the "Company")

Cyan Wins Smart Metering, ICT & Data Management Award

Recognised by Industry leaders at top European event

Cambridge, UK: Cyan (AIM:CYAN.L), the integrated system and software design company delivering mesh based flexible wireless solutions for utility metering and lighting control,  has won the Smart Metering, ICT & Data Management Award at the European Utility Week 2015 Awards for its CyLec® retrofit smart metering module - designed for the power sector in emerging economies.

Judges felt that Cyan had contributed greatly to the formation of Advanced Metering Infrastructure, praising the originality, practicality and sustainability of Cyan's CyLec Connect retrofit module. The technology provides smart metering functionality to legacy meters to accelerate the rollout of smart grids without having to 'rip and replace' the existing meter stock.

John Cronin, Executive Chairman of Cyan Technology, commented: "We are thrilled to receive this prestigious award in recognition of Cyan's innovation in next-generation smart grids. We continue to create innovative solutions tailored to the specific environmental and economic conditions in which they are deployed. It's great to see our hard work recognised by such a respected institution."

The awards were presented at European Utility Week, held in Vienna over 3 days, which brings together 10,000 smart energy professionals from around the world. These experts share insights on how the energy sector can move forward, where innovation is needed and also the role of the policy maker and new market entrant in establishing a cleaner future. 

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About Cyan

Cyan provides a communication platform for energy, lighting and emerging applications in the wider 'Internet of Things' network. Its integrated platform and partner collaborations deliver end-to-end solutions that connect millions of devices and support bidirectional communication with the end customer. Cyan's smart metering and lighting solutions enhance quality of service in emerging regions, through power savings, lower operating costs and increased cost efficiency. Our vision to create improved value through Smart City solutions has provided our customers with the foundation upon which to build incremental services as these markets evolve.

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.