Cyan Holdings Plc Deployment of pilot in Northern India
February 11 2013 - 2:00AM
RNS Non-Regulatory
TIDMCYAN
Cyan Holdings Plc
11 February 2013
Cyan Holdings plc
("Cyan" or the "Company")
Deployment of pilot in Northern India
and
Participation in technology trade mission to India
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, announces that
one of its strategic meter manufacturer partners has deployed a
pilot with a large public utility in the north of India
demonstrating CyLec(R), Cyan's smart electricity metering
technology. This is the first time Cyan's solution has been
deployed with the utility.
Cyan's meter manufacturer partner is deploying Cyan's integrated
solution for Advanced Metering Infrastructure (AMI) for a large
public utility in the north of India. The utility, a regional
government undertaking, undertakes the power distribution and
retail supply business in the northern parts of the state. It
services approximately 2 million domestic and over 300,000
non-domestic/light industrial customers in 11 districts under their
jurisdiction.
Participation in technology trade mission to India
Cyan also announces that is has been chosen to participate in
Web Mission 2013, a trade mission to Bangalore and New Delhi
supported by the Technology Strategy Board and UK Trade &
Investment (UKTI). The 16 participants were assessed on their
innovation, market opportunity and ability to do meaningful
business in India. The week long trade mission, starting on 9
February 2013, will allow participants to meet with potential
customers and partners and develop their know-how of the business
ecosystem and what it takes to succeed. http://webmission.com/
John Cronin, Executive Chairman of Cyan, commented: "We are
delighted that one of our key strategic partners has implemented a
further pilot in India, demonstrating an additional step in the
adoption of CyLec(R) as a standard for smart electricity metering
across India.
We are also encouraged that Cyan has been chosen to participate
in this technology trade mission to India, supported by the UKTI.
Whilst we await the decision on the TNEB tender, Cyan has been
active in building momentum in India with multiple pilot
installations demonstrating CyLec(R). This mission will support our
strategy to build key relationships with local and international
companies in the energy and utilities sectors in India to address
the significant market opportunity."
Enquiries:
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
XCAP Securities plc Tel: +44 (0)20 7101 7070
Joint Broker
Jon Belliss / Adrian Kirk
Walbrook PR Tel: +44 (0)20 7933 8780
Bob Huxford (Media Enquiries) CyanHoldings@walbrookpr.com
Paul Cornelius (Investor Enquiries)
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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