Cyan Holdings Plc Meeting with India's Minister of State for Power
September 23 2013 - 2:00AM
RNS Non-Regulatory
TIDMCYAN
Cyan Holdings Plc
23 September 2013
Cyan Holdings plc
("Cyan" or the "Company")
Cyan meets with India's Minister of State for Power
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
Cyan's Executive Chairman, John Cronin participated in a Round
Table event with Mr J M Scindia, Minister of State for Power,
Government of India.
The Round Table event, organised by the department for UK Trade
and Investment, was held in London on Friday 13 September. John had
the opportunity to highlight Cyan's progress to date in India and
reinforce Cyan's position within the smart metering eco-system with
successful pilot deployments of low-power smart metering in
high-density urban areas across India.
Furthermore, the Ministry of Power also released its 'Smart Grid
Vision and Roadmap for India(1) 'earlier this month. In his message
Mr Scindia describes the roadmap as being "aligned to the Ministry
of Power's overarching policy of Access, Availability and
Affordability of Quality Power for all." He continues, "This
roadmap has placed highest importance to providing supply of
electricity to all households by 2017 through smart grid
technologies."
3(rd) World Smart Grid Conference
Last week, Cyan participated in the 3(rd) World Smart Grid
Conference held in New Delhi, India. Shiv Kaushik, Country Manager
in India, chaired the session 'Smart IC Technologies for Advanced
Metering Infrastructure and presented 'Smart Metering Deployments'.
Cyan also had a stand in the exhibition where visitors could meet
Cyan's team in India.
ISGF webinar
In February this year Cyan's application to become an
'International Member' was approved by the Board of Governors of
the India Smart Grid Forum (ISGF). As a member Cyan was invited to
host a webinar, 'Last Mile Connectivity for Smart Metering',
earlier this month.
The ISGF is a Public Private Partnership (PPP) initiative of the
Ministry of Power (Government of India) for the accelerated
development of smart grid technologies in the Indian power sector.
It was launched in May 2010 to help the Indian power sector to
deploy smart grid technologies in an efficient, cost effective,
innovative and scalable manner by bringing together all key
stakeholders and enabling technologies. The forum's members include
public and private utilities and various industry leaders including
metering manufacturers and system integrators.
John Cronin, Executive Chairman of Cyan, commented: "I am
pleased to report to shareholders that Cyan is maintaining its
technological, product and thought leadership in the field of smart
metering. The opportunity to speak directly with the Indian
minister proved extremely useful in terms of highlighting Cyan's
progress to date and ensuring Cyan is well placed to capitalise on
the acceleration towards smart metering in India.
"I am also pleased to report that the Company was invited to
take part in the 3(rd) World Smart Grid conference and has now
become an International Member of the India Smart Grid Forum. All
these activities give me further confidence for the future of
Cyan."
(1)
http://indiasmartgrid.org/en/Lists/News/Attachments/154/India%20Smart%20Grid%20Forum%20Booklet.pdf
Enquiries:
Cyan Holdings plc www.cyantechnology.com
John Cronin, Executive Chairman Tel: +44 (0) 1954 234 400
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Cenkos Securities plc (NOMAD and Joint Tel: +44 (0)20 7397 8900
Broker)
Stephen Keys / Adrian Hargrave/ Camilla
Hume
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XCAP Securities plc (Joint Broker) Tel: +44 (0)20 7101 7070
Jon Belliss / Adrian Kirk
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Walbrook PR Ltd Tel: +44 (0)20 7933 8780
Bob Huxford bob.huxford@walbrookpr.com
Paul Cornelius paul.cornelius@walbrookir.com
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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
This information is provided by RNS
The company news service from the London Stock Exchange
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