Last checked at 7 Jun 2012 07:00
Cyan Holdings Plc
("Cyan" or "The Company")
Update on TNEB Tender
Three further Cyan partners advance to 500 unit pilot stage
Cyan Holdings plc (AIM: CYAN.L), the integrated system design company delivering wireless solutions for lighting control and utility metering today gives further information regarding the status of the Tamil Nadu Electricity Board (TNEB) Automatic Meter Reading (AMR) tender.
Following the announcement on 31 May 2012, confirming that the first Cyan metering partner in India had received a formal request from TNEB to proceed with a 500 unit pilot, Cyan has been informed that three more Cyan partners have also received requests to proceed with installation and commissioning of 500 unit pilots within the next 25 days.
John Cronin, Executive Chairman at Cyan added, "We are delighted that three further Cyan partners have been formally requested to enter the pilot stage of the tender, bringing the current total number of Cyan partners at this stage in the process to four. All indications are that Cyan's partners are in a very strong position and we look forward to updating shareholders with further developments when we can."
Enquiries:
Cyan Holdings plc | www.cyantechnology.com |
John Cronin, Exec Chairman
| Tel: +44 (0) 1954 234 400 |
Cenkos Securities plc NOMAD and Joint Broker | |
Stephen Keys / Adrian Hargrave
XCAP Securities plc Joint Broker Jon Belliss
| Tel: +44 (0) 20 7397 8900
Tel: +44 (0) 20 7101 7070 |
Newgate Threadneedle Financial PR | |
Caroline Evans-Jones/ Guy McDougall | Tel: +44(0) 20 7653 9850 |
The TNEB Tender
TNEB is one of the largest electricity distributors in India. In November 2011, it published a tender for the supply of 1.5 million meters as part of its consumer network upgrade programme. This represents the first phase in what is anticipated to be a total upgrade programme of 18 million meters.
About Cyan
Cyan is an integrated system design and software company delivering mesh based flexible wireless solutions for utility metering and lighting control. The Company has been listed on London's Alternative Investment Market (AIM) since 2005. Cyan's Headquarters are in Swavesey, Cambridge, UK. For more information, please visit www.cyantechnology.com.
CyLec
Cyan's CyLec technology provides a complete control and communication network including user interface. CyLec offers point-to-point and mesh network solutions for metering applications. CyLec is a trademark of Cyan Technology Ltd.
CyLux
Cyan's CyLux technology provides a complete control and communications network including user interface. CyLux is a control system allowing lighting manufacturers to build and sell RF controlled street and tunnel lighting. CyLux is a trademark of Cyan Technology Ltd.