Update on TNEB Tender
June 07 2012 - 2:00AM
RNS Non-Regulatory
TIDMCYAN
Cyan Holdings Plc
07 June 2012
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 Tel: +44 (0) 20 7397 8900
XCAP Securities plc Tel: +44 (0) 20 7101 7070
Joint Broker
Jon Belliss
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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