Alliance with Wipro Technologies (7759T)
December 12 2011 - 4:59AM
UK Regulatory
TIDMCYAN
RNS Number : 7759T
Cyan Holdings Plc
12 December 2011
12 December 2011
Cyan Holdings Plc
("Cyan" or "the Company")
Cyan Technology and Wipro enter into an Alliance to help Indian
Utility customers implement Advanced Metering Infrastructure
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 an alliance with Wipro Technologies, the global
Information Technology, Consulting and Outsourcing business of
Wipro Limited (NYSE:WIT). Wipro will provide Consulting and IT
Services to power utility companies in India deploying wireless
meters incorporating CyLec(TM) , Cyan Technology's wireless
communication solution for electricity metering. Cyan Technology is
an integrated system design company delivering mesh based flexible
wireless solutions for utility metering and has become a recognised
player in the Indian utility sector.
The alliance with Wipro forms the core of Cyan Technology's
approach to building strategic partnerships with key players in
India to become a major player in the fast growing Indian
electricity metering market. The alliance brings together Wipro's
strong track record of success in the energy and utilities space
and Cyan's world-class CyLec(TM) solution to provide Advanced
Metering Infrastructure (AMI) that offers seamless, robust, end to
end wireless communication right from the customer's meter all the
way to the utilities' internal IT systems and applications.
Indian utilities can now benefit from the advanced features
provided by CyLec(TM) and Wipro's extensive capabilities in the
Utilities sector to address the need for immediate and automatic
detection of tampering, enable load balancing through remote
connect and disconnect, provide live monitoring of energy usage and
forecast of energy requirements. Besides, Indian utilities are
suffering staggeringly high aggregate technical and commercial
(AT&C) losses at 28.4% and they are very keen to adopt
solutions that help them reduce these losses that result in lost
revenues.
Faced with oncoming challenges such as efficient grid
integration of renewable sources for the Indian smart grid, Indian
utilities are keen to implement AMI as part of their distribution
infrastructure, with typical installations running into a few
millions of wireless enabled meters.
"Wipro is a global leader in the Energy and Utilities sector
with proven expertise in IT transformational programs and
significant domain expertise in the 'Utilities space'." said Bijan
Mohandes, Vice President - World Wide Sales and Marketing, Cyan
Technology. "We believe that by partnering with Wipro, we can
combine their service delivery expertise with Cyan's CyLec(TM)
solution to deliver much sought-after benefits to Indian
utilities."
About Cyan Technology
Cyan Technology Ltd 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 Wipro Technologies
Wipro Technologies, the global IT business of Wipro Limited
(NYSE:WIT) is a leading Information Technology, Consulting and
Outsourcing company, that delivers solutions to enable its clients
do business better. Wipro Technologies delivers winning business
outcomes through its deep industry experience and a 360 degree view
of "Business through Technology" - helping clients create
successful and adaptive businesses. A company recognized globally
for its comprehensive portfolio of services, a practitioner's
approach to delivering innovation and an organization wide
commitment to sustainability, Wipro Technologies has 120,000
employees and clients across 54 countries. For more information,
please visit www.wipro.com.
CyLec is a trademark of Cyan Technology Ltd.
Contact:
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
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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