Strategic Partnership Agreement with L&T (7960X)

TIDMCYAN TIDMLTOD

RNS Number : 7960X

Cyan Holdings Plc

21 February 2012

Cyan Holdings plc

("Cyan" or the "Company")

Strategic Partnership Agreement with Larsen & Toubro

Cyan Holdings and Larsen & Toubro (L&T) enter into Strategic Partnership Agreement to provide Indian Utility customers with AMI Advanced Metering Infrastructure products.

Cyan Holdings plc (AIM:CYAN.L), the integrated system design company delivering wireless solutions for lighting control and utility metering has formed a strategic partnership with L&T to collaborate in the development, supply and delivery of Advanced Metering solutions comprising utility meters equipped with Cyan's wireless communication capability for AMI, Smart Metering and Smart Grid Pilot projects.

"L&T is a recognised leader in the Energy and Utilities sector with proven products and a tier 1 reputation" said Bijan Mohandes, Vice President - World Wide Sales and Marketing, Cyan Technology. "We are very pleased to be partnering with L&T. By using Cyan's wireless modules incorporating CyLec, L&T Meters will be capable of interoperable two-way communication and remote collection of metering data and control of the meters."

Both parties have identified a number of projects in India where there is a need for 865MHz based interoperable Wireless AMI with a short term requirement for end to end communications enabling remote tamper detection and reporting. The parties have entered into this strategic alliance as they believe that thistechnology is likely to become a major factor in the fast growing Indian electricity metering market.

The alliance with L&T is in line with Cyan's strategy of building strategic partnerships with key established players in India.

Larsen and Toubro Limited, is a company existing under the Companies Act 1956 , having its registered office at L&T House, Ballard Estate Mumbai 400001, operating through its Metering & Protection Systems Business Unit having its office at Mysore Campus, KIADB Industrial Area, Hebbal-Hootagalli, Mysore, 570 018, India ("L&T").

CyLec is a trademark of Cyan Technology Ltd.

Enquiries:

 
Cyan Holdings plc                Tel: +44 (0) 1954 234 400 
 John Read, Chairman 
 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 
Newgate Threadneedle             Tel: +44 (0)20 7653 9842 
 Financial PR 
 Adam Reynolds / Guy McDougall/ 
 Caroline Evans- Jones

About Cyan

Cyan is an integrated system design company delivering mesh based flexible wireless solutions for utility metering, lighting control & industrial telemetry. The Company has been listed on London's Alternative Investment Market (AIM) since 2005. Cyan's Headquarters are in Swavesey, Cambridge.

For more information, please visit www.cyantechnology.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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