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Update on TNEB Tender

10 Sep 2012 07:00

RNS Number : 8303L
Cyan Holdings Plc
10 September 2012
 



 

 

Cyan Holdings plc

("Cyan" or the "Company")

Update on TNEB Tender

 

 

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 today gives further information regarding the timings of the Tamil Nadu Electricity Board (TNEB) Automatic Meter Reading (AMR) tender.

A number of Cyan partners have begun with the installation and commissioning of the 500 unit pilots at Trichy (Tiruchchirappalli), in the state of Tamil Nadu. The Cyan partners in question are confident that the installations are moving forward as planned and estimate that the pilots will be ready for inspection during September/early October.

 

TNEB are actively observing this phase of the tender process and on completion will review each pilot. At this stage, TNEB will test the technology to ensure it complies with the tender specification which includes interoperability of solution.

 

John Cronin, Executive Chairman of Cyan commented: "We are continuing to support our partners in the installation and commissioning of our CyLec® technology. This includes working with them on the ground in India as well as from Cambridge to ensure the pilots can be successfully demonstrated to TNEB."

 

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

 

XCAP Securities plc

Joint Broker

Jon Belliss / Adrian Kirk

Tel: +44 (0)20 7101 7070

Newgate Threadneedle

Financial PR

Caroline Evans-Jones / Guy McDougall

 

Tel: +44 (0)20 7653 9842

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.

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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