Substantial Developments in Indian Market (0087T)
November 30 2011 - 2:00AM
UK Regulatory
TIDMCYAN
RNS Number : 0087T
Cyan Holdings Plc
30 November 2011
30 November 2011
Cyan Holdings Plc
("Cyan" or "the Company")
Substantial Developments in the Indian Smart Metering
Electricity Market
-- Leading Supplier Status for Indian Market
-- New Tender for 1.5M Units Released
-- Short Term 200K Unit Opportunity
Cyan Holdings Plc (AIM:CYAN.L), the integrated system design
company delivering mesh based flexible wireless solutions for
lighting control, utility metering and industrial telemetry
announces that it has been confirmed as a leading supplier of a
smart metering solution for the Indian market at The Smart Energy
Conference held 14-16(th) November in Delhi.
Cyan was the only company to demonstrate a live metering
installation that conformed to the specifications as published by
India's Central Electricity Authority (CEA). The CEA is an
"Attached Office" of the Ministry of Power, which set up a
committee to finalise the specification of single-phase electricity
meters for India's Advanced Metering Infrastructure and has
published a report which refers to a 200 million meter requirement
in India. The committee consisted of representatives from
electricity utilities, meter manufacturers, component manufacturers
and India's standards bodies.
At the show Cyan demonstrated a live communication link to a
pilot installation of over 100 networked smart meters located in an
industrial cluster in Noida, a suburb of Delhi. The pilot
installation was developed in conjunction and cooperation with
several leading Indian companies in the utility sector such as
Capital Meters, who supplied the wireless meters, and Phoenix IT
Solutions, whose mPower Meter Data Management System (MDMS) was
used to process the metering data.
The pilot was to demonstrate the features available to utilities
from the Cyan based Automatic Meter Reading (AMR) solution offered
by this consortium of companies. Deliberately installed in a
challenging, busy and noisy industrial environment that required
good range and penetration, Cyan's 865/867MHz frequency solution
was robust and supported multiple overlapping meter networks. Using
the CyLec protocol, RF modules in meters and gateways configured as
Data Concentrator Units (DCUs), Cyan was able to perform live
retrieval of metering data and meter status including tamper
alerts, and remote disconnect. The pilot validated the availability
of these features and reduced concerns over reliable real world
operation through the choice of a challenging environment. The
speed and ease of the deployment and configuration surprised
Capital Meters and was an unexpected bonus of CyNet.
Capital Meters, in advance of a long anticipated AMR metering
tender, had demonstrated this pilot to Tamil Nadu Electricity Board
(TNEB). This tender, published yesterday, requires a number of the
capabilities demonstrated in the pilot, and specifies features that
in combination favour Cyan over other suppliers.
The TNEB tender is for 1.5 million units, and represents the
first of a number of similar sized tenders required to make up the
total requirement which TNEB have told us will be 18 million units
over a five year period. We have been informed that a meeting will
be held 7(th) December 2011 to review the tender specification and
hear feedback from meter manufacturers proposing to bid. The tender
close date is 11(th) January 2012 after which bidders will be
required to demonstrate that they have a product that meets the
specification. TNEB will then allocate the tender to successful
bidders, possibly one but probably two, meter suppliers with
interoperable meters.
Capital Meters expect to win a substantial portion of this and
subsequent tenders, the balance awarded to one of two other
preferred suppliers to TNEB, both of which are amongst a growing
list of meter manufacturers adopting CyLec. All three manufacturers
claim a good relationship with TNEB and we could see this and
future tenders divided between the three of them. Any other meter
supplier intending to bid on this or subsequent tenders will be
required to demonstrate interoperability with the other selected
meter vendors, something easily achieved through use of Cyan and
CyLec.
Cyan believes that it is reasonable to expect that a substantial
portion of the 18 million meter requirement over the next five
years will use Cyan, and that this tender specification will prove
influential with other utilities as it is based on a fully
operational pilot.
Other developments following the show include a substantial
established IT company, on seeing the live demonstration, deciding
to propose a MDMS solution using Cyan to a utility that has
reportedly had two failed AMR deployments.
Cyan has also been made aware of a short term requirement by
another major electricity utility for 200,000 units as part of a
500,000 unit requirement for installation next year. Following the
Smart Energy Conference, Cyan visited this utility and demonstrated
our AMR solution to senior management who have a high tamper rate
and were particularly interested in the tamper alarm feature. At
the meeting we were given the expectation that orders would be
shortly released. Subsequently Cyan has been informed, by letter
from the meter manufacturer, to the effect that "we are now
confident that orders for the first 200k will be released very soon
and you should also prepare for us to immediately place an order on
Cyan".
Cyan has earlier stage engagements with a number of other
Electricity utilities who are currently developing AMR tender
specifications, all of whom have expressed interest in the pilot
installation in Noida.
Cyan Holdings Plc Tel: +44 (0) 1954 234 400
Kenn Lamb, CEO
www.cyantechnology.com
Cenkos Securities Plc Tel: +44 (0)20 7397 8900
NOMAD and Joint Broker
Stephen Keys / Adrian Hargrave
XCAP Securities Plc Tel: +44 (0)20 7101 7070
Joint Broker
Jon Belliss / Adrian Kirk
Hansard Tel: +44 (0)20 7245 1100
Financial PR
Adam Reynolds / Guy McDougall
This information is provided by RNS
The company news service from the London Stock Exchange
END
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