TIDMCYAN
RNS Number : 9919K
Cyan Holdings Plc
01 July 2014
Cyan Holdings plc
("Cyan" or the "Company")
Second smart metering contract win
Consortium led by Larsen & Toubro has been selected by Tata
Power Mumbai
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 a consortium
led by Larsen & Toubro ("L&T") has been selected by Tata
Power Mumbai for the deployment of Cyan's CyLec(R) Advanced
Metering Infrastructure ("AMI") solution in India.
Tata Power Mumbai ("Tata") is a Tata Group company and part of
India's largest integrated power company with a significant
international presence and approximately 400,000 retail customers
in Mumbai. Tata have spent the last 12 months evaluating the
consortium's technology and following the success of this
evaluation, Cyan has now received an order from L&T to provide
a complete AMI solution consisting of 865MHz RF modules, Data
Concentrator Units, Head-End Server software licenses, onsite
software installation services and an annual software maintenance
contract. The Cyan 865MHz radio communication modules will be
installed inside the L&T smart meters that will be deployed for
Tata. The initial contract with Tata is for the deployment of 5,000
consumer meters in a district in Mumbai and is currently planned to
go live in early 2015.
The consortium members include L&T (consortium lead
partner), Cyan and Neosilica, who in partnership will provide an
integrated CyLec AMI solution to Tata. L&T will supply smart
meters, with CyLec(R) wireless technology inside, and Neosilica
will provide a Meter Data Acquisition System ("MDAS") interface
from Cyan's Head End Server into Tata's Meter Data Management
System for billing and fault management.
John Cronin, Executive Chairman of Cyan, commented, "After the
announcement of the first retrofit order from Essel Utilities less
than two weeks ago, we are delighted to now have our second
significant order and commercial deployment in India. Since signing
a partnership agreement with L&T in February 2012, we have
worked closely with them to ensure we can provide a fully
functional end-to-end solution for the Indian market. As Tata are
viewed as leaders in the generation and transmission of
electricity, their selection of the consortium's AMI technology
will act as an important reference for other utilities evaluating
smart metering technologies across India. This selection
demonstrates the strength and credibility of the consortium's
offering and further establishes Cyan as a credible solution for
emerging markets."
Reji Pillai Kumar, President of India Smart Grid Forum (ISGF),
commented "I wish to congratulate ISGF members Tata Power Company,
L&T and Cyan Technology on the commercial deployment of full
AMI solutions on sub-GHz RF mesh network in India. Utilities have
recognised the benefits that can be achieved by adopting smart grid
technologies and an important step towards reducing T&D losses
is to remotely identify and collect data from every meter. I am
pleased that Tata Power is progressing to commercial deployment of
the CyLec AMI platform which would support Tata Power's billing and
fault management processes as well as provide the full benefits of
these advanced technologies."
Satyam Bheemarasetti of Neosilica, CEO, commented, "We are
pleased to be part of the consortium selected to provide enterprise
level scalable solutions in smart grid AMI that will deliver
tangible savings to Tata Power. We appreciate Tata Power and
L&T for taking this crucial first step towards commercial
adoption of smart grid in India."
The Indian power sector is heavily focussed on reducing
transmission and distribution ("T&D") losses which will support
the distribution companies' requirement to improve their financial
health. Smart grid technologies have been identified as a solution
that could address these losses effectively. By implementing a
smart metering solution, it allows the utility to collect and
analyse data from every meter ensuring accurate billing and
collection for every customer. As revenues increase, and T&D
losses decrease, monies can be reinvested into further smart grid
roll outs. With 200 million meters currently, it is estimated that
India will install 130 million smart meters by 2021.
Country/Continent Total number of Number of smart Smart meters as
meters currently meters already share of total
deployed (in millions) deployed (in millions) deployment
------------------- ------------------------ ------------------------ ----------------
USA 150 46 30.7%
------------------- ------------------------ ------------------------ ----------------
Europe 281 61.2 22.0%
------------------- ------------------------ ------------------------ ----------------
Australia 9.5 3 31.6%
------------------- ------------------------ ------------------------ ----------------
Canada 15 7.3 49%
------------------- ------------------------ ------------------------ ----------------
India 200 - <<1%
------------------- ------------------------ ------------------------ ----------------
Source:
http://indiasmartgrid.org/en/resource-center/Reports/ISGF_Report%20on%20Smart%20Metering%20Scenario%20in%20India.pdf#search=smart%20metering%20scenario%20in%20India
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 Tata Power
Tata Power is India's largest integrated power company with a
growing international presence. The Company together with its
subsidiaries and jointly controlled entities has an installed gross
generation capacity of 8585 MW in India and a presence in all the
segments of the power sector viz. Fuel Security and Logistics,
Generation (thermal, hydro, solar and wind), Transmission,
Distribution and Trading. It is also one of the largest renewable
energy players in India. With its track record of technology
leadership, project execution excellence, world class safety
processes, customer care and driving green initiatives, Tata Power
is poised for a multi-fold growth and committed to 'lighting up
lives' for generations to come. For more information, please visit:
www.tatapower.com
Mumbai Distribution
Tata Power is constantly striving and proud to live to its
founder's dream: To be able to provide cheap, abundant and
uninterrupted power. Its key focus is to reach out to the larger
population of Mumbai with its competitive tariff and see this dream
come true. Tata Power Mumbai takes immense pleasure in being
associated with more than 3.5 lakh households as their preferred
power supplier and are constantly trying to provide Mumbai with an
improved experience. The company has transformed the distribution
landscape by offering a plethora of choice to consumers. Not only
does Tata Power offer benefits to its consumers with a competitive
and economical tariff, but also delivers excellent customer service
at par with international benchmarks.
Tata Power's growth rate to light up the lives of consumers
using less than 300 units has doubled since August 2012. This has
been achieved through special initiatives and camps organized by it
to ensure that consumers can switch to Tata Power conveniently. A
steady network expansion within Mumbai with a focus on 11 clusters
approved by MERC: Mira Road, Dahisar, Kurla LBS, Saki, Mindspace in
Malad, Trombay, Mankhurd-Chembur, Vrindavan in Anushakti Nagar,
Arogyanidhi in Andheri West, Vasant Utsav in Kandivali East, Malad
BMC Lagoon has been taken up. With an average of 6500 MUs of power
sold annually, Tata Power's efforts in these areas are focused on
expanding its reach, and a strong distribution network connected to
homes of its consumers.
About Larsen & Toubro
Larsen & Toubro (L&T) is a USD 14.3 billion technology,
engineering, construction, manufacturing and financial services
conglomerate, with global operations. Its products and systems are
marketed in over 30 countries worldwide. L&T is one of the
largest and most respected companies in India's private sector. A
strong, customer-focused approach and the constant quest for
top-class quality have enabled L&T to attain and sustain
leadership in its major lines of business over seven decades.
Electrical & Automation (E&A), leaders in the low
voltage switchgear category, is one of the key business portfolios
of L&T. E&A business comprises low and medium voltage
switchgear, electrical systems, marine switchgear, electrical and
automation systems integration, energy meters & relays. Its
products and solutions cater to industries, utilities,
infrastructure, building and agriculture segments. The
manufacturing operations of E&A's business are located at
Mumbai (Powai), Navi Mumbai (Mahape & Rabale), Ahmednagar,
Vadodara, Coimbatore and Mysore in India as well as in Saudi
Arabia, UAE (Jebel Ali, Dubai), Malaysia, Indonesia, Australia and
the UK.
About Neosilica
NeoSilica specializes in global Energy markets - making and
deploying Green IT products and solutions, for - a) Utilities
(Smart Grid: Meter Data Management System, MDAS, ADR), b) Buildings
(Grid Responsive BEMS/BMS) and c) Solar Plants (SCADA & Remote
Monitoring with SLDC Integration). NeoSilica's Smart Grid solutions
use enterprise-scale architectures, built on secure and scalable
M2M (Machine to Machine) Platform and Cloud-based Solutions
supported by Big Data Analytics - all developed internally. Using
field proven technologies, NeoSilica caters to wide range of
applications for energy and water conservation from microgrids to
smart cities. More details on www.neosilica.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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