Cyan Holdings Plc CyLec Deployed in Indian Smart Metering Project
November 01 2012 - 3:00AM
RNS Non-Regulatory
TIDMCYAN
Cyan Holdings Plc
01 November 2012
Cyan Holdings plc
("Cyan" or the "Company")
Cyan's integrated solution for advanced metering deployed by
partner for Indian smart meter project
CyLec, Cyan's smart metering solution for energy utilities
transforms existing power grid infrastructure into the smart
grid
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 announces
that one of its partners is participating in the recently
initiated, high profile smart grid project in Puducherry,
India.
The smart grid pilot project is being led by the Power Grid
Corporation of India Limited (PGCIL), a government of India
enterprise and was recently inaugurated by Chief Minister N.
Rangasamy in the presence of Power Minister T.Thiagrajan. The
project is to install an Advanced Metering Infrastructure (AMI)
solution in houses throughout Puducherry to support the electricity
department's objective to save power. An AMI solution will enable
the department to monitor online energy usage patterns as well as
detect tamper events, e.g. energy theft. It is anticipated that
consumers of Puducherry will also benefit from real-time accurate
billing information to help manage their energy consumption.
Cyan's metering partner has deployed CyLec enabled meters in
Puducherry for evaluation by PGCIL. The installation demonstrates
CyLec(R), Cyan's integrated solution for AMI and is expected to
remain in place for up to six months. Cyan and its partner are
working with a third party system integrator to provide a Meter
Data Acquisition System (MDAS) platform to manage and present the
data collected from the meters.
John Cronin, Executive Chairman of Cyan commented: "We are
delighted that one of our meter manufacturer partners is involved
in this project driven by PGCIL and look forward to providing the
market with further updates as it develops. Yesterday's RNS
concerning the exercise of warrants further demonstrates
shareholder confidence in Cyan's market opportunity in India and
provides additional funding for working capital purposes."
Further information regarding the project can be found at
www.thehindu.com, 20 October 2012
Cyan Holdings plc Tel: +44 (0) 1954
John Cronin, Executive Chairman 234 400
www.cyantechnology.com
-------------------------------- -------------------
Cenkos Securities plc Tel: +44 (0)20 7397
NOMAD and Joint Broker 8900
Stephen Keys / Adrian Hargrave
-------------------------------- -------------------
XCAP Securities plc Tel: +44 (0)20 7101
Joint Broker 7070
Jon Belliss / Adrian Kirk
-------------------------------- -------------------
Newgate Threadneedle Tel: +44 (0)20 7653
Financial PR 9842
Caroline Evans-Jones
-------------------------------- -------------------
About Cyan Technology
Cyan is an integrated system design and software company
delivering mesh based flexible wireless solutions for utility
metering and lighting control.
Cyan's technology provides innovative solutions that reduce
energy consumption for the utility and lighting markets and
includes CyNet(TM), CyLec(R) and CyLux(R).
CyNet(TM) is a wireless mesh networking protocol for scalable
and secure communication with remote units as well as Cyan's
enterprise software for full end-to-end system integration.
CyLec(R) is Cyan's smart metering solution for energy utilities. It
provides a robust, scalable and integrated platform that enables
utilities to transform existing power grid infrastructure into the
smart grid. CyLux(R) is Cyan's energy efficient smart lighting
solution. It enables significant power savings by optimising the
way in which public lighting is managed.
Together with Cyan's System Integrator partners, Cyan provides
first class support, managed services and Software as a Service
(SaaS) to assist in the planning and integration of its
solutions.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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