Cyan Holdings Plc Cyan and Vodafone's M2M unit team up (2148K)
June 23 2014 - 2:00AM
UK Regulatory
TIDMCYAN
RNS Number : 2148K
Cyan Holdings Plc
23 June 2014
Cyan Holdings plc
("Cyan" or the "Company")
Cyan and Vodafone's M2M unit team up to provide smart metering
solutions to Indian market
Cyan (AIM:CYAN.L), the integrated system and software design
company delivering mesh based flexible wireless solutions for
utility metering and lighting control, announces that it has signed
a teaming agreement with Vodafone's M2M (Machine-to-Machine) team
to create joint propositions, develop opportunities and submit
proposals to customers to enable either party to address the smart
metering market in India.
Vodafone and Cyan will deliver a managed service portfolio of
solutions: Cyan's wireless mesh networking platform offers a
cost-effective extension to Vodafone's network reach for
high-volume/low-value 'last mile' data communications to utility
end customers. Vodafone's M2M Global Data Services Platform and
managed hosting provide secure data communication and storage
beyond the networked devices.
John Cronin, Executive Chairman at Cyan, commented, "Our focus
is to supply smart metering solutions to enable utilities to reduce
transmission and distribution losses and protect revenue.
Therefore, we are very pleased to announce this partnership and
that our CyLec platform will be installed in Vodafone's Customer
Experience Center in Mumbai to demonstrate its capability in
providing metering solutions. This is another step in offering
sustainable solutions to the Indian power sector through strategic
partnerships."
Enquiries:
Cyan Holdings plc www.cyantechnology.com
John Cronin, Chairman Tel: +44 (0) 1954 234
400
Allenby Capital Ltd - Nominated Adviser Tel: +44 (0) 20 3228
and Joint Broker 5656
Jeremy Porter / Michael McNeilly
-------------------------
Hume Capital Securities plc - Joint Broker Tel: +44 (0) 20 7101
Jon Belliss 7070
-------------------------
Walbrook PR - Financial PR Tel: +44(0) 20 7933 8780
Paul Cornelius
-------------------------
About Cyan
Cyan is an integrated system design company based in Cambridge,
UK. It provides a communication platform that enables the
measurement and control of energy consumption for the metering and
lighting markets, helping to reduce energy losses. Cyan's wireless
mesh networking platform offers 'last mile' connectivity between
millions of devices and enterprise software, supporting bilateral
communications with the end customer. For more information, please
visit www.cyantechnology.com.
About CyLec(R)
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.
About Vodafone
Vodafone is one of the world's largest telecommunications
companies with approximately 419 million customers in its
controlled and jointly controlled markets as of 31 December 2013.
Vodafone has equity interests in telecommunications operations in
nearly 30 countries and around 50 partner networks worldwide. For
more information, please visit: www.vodafone.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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