Cyan Holdings Plc Update on TNEB Tender

TIDMCYAN

Cyan Holdings Plc

10 September 2012

Cyan Holdings plc

("Cyan" or the "Company")

Update on TNEB Tender

Cyan Holdings plc (AIM:CYAN.L), the integrated system and software design company delivering mesh based flexible wireless solutions for utility metering and lighting control today gives further information regarding the timings of the Tamil Nadu Electricity Board (TNEB) Automatic Meter Reading (AMR) tender.

A number of Cyan partners have begun with the installation and commissioning of the 500 unit pilots at Trichy (Tiruchchirappalli), in the state of Tamil Nadu. The Cyan partners in question are confident that the installations are moving forward as planned and estimate that the pilots will be ready for inspection during September/early October.

TNEB are actively observing this phase of the tender process and on completion will review each pilot. At this stage, TNEB will test the technology to ensure it complies with the tender specification which includes interoperability of solution.

John Cronin, Executive Chairman of Cyan commented: "We are continuing to support our partners in the installation and commissioning of our CyLec(R) technology. This includes working with them on the ground in India as well as from Cambridge to ensure the pilots can be successfully demonstrated to TNEB."

 
Cyan Holdings plc                      Tel: +44 (0) 1954 234 400 
 John Cronin, Executive Chairman 
 www.cyantechnology.com 
-------------------------------------  ------------------------- 
Cenkos Securities plc                  Tel: +44 (0)20 7397 8900 
 NOMAD and Joint Broker 
 Stephen Keys / Adrian Hargrave 
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XCAP Securities plc                    Tel: +44 (0)20 7101 7070 
 Joint Broker 
 Jon Belliss / Adrian Kirk 
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Newgate Threadneedle                   Tel: +44 (0)20 7653 9842 
 Financial PR 
 Caroline Evans-Jones / Guy McDougall 
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About Cyan

Cyan 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 CyLec

CyLec is a complete control and communication network for electricity metering. CyLec uses wireless technology to enable the collection and delivery of data from and to a meter, such as energy profiles, instant readings and the sending of tariff updates. Priority data can also be sent back to the utilities such as information regarding tampering enabling the utility to take action immediately.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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