Cyan Holdings Plc MOU with Innologix Consulting
September 03 2014 - 2:00AM
RNS Non-Regulatory
TIDMCYAN
Cyan Holdings Plc
03 September 2014
Cyan Holdings plc
("Cyan" or the "Company")
Cyan signs MOU with Innologix Consulting
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 Memorandum of Understanding with Innologix Consulting Pvt Ltd
("Innologix") to enter into a non-exclusive partnership to develop,
market and deploy managed smart metering solutions in India.
Cyan and Innologix will work in partnership to identify and
tender for smart metering opportunities where the utility customer
is seeking a managed service. Innologix will integrate Cyan's
Advanced Metering Infrastructure ("AMI") Head End Software platform
with its energy management solutions.
Innologix provide innovative energy management solutions that
store and maintain meter data using a cloud based offering, which
results in a cost effective managed service for utilities.
John Cronin, Executive Chairman at Cyan, commented: "We are
pleased to be partnering with Innologix to offer managed CyLec AMI
solutions across India. Innologix centralises business critical
systems, providing utilities with the high resiliency and secure
infrastructure required for revenue assurance.
"We continue to strengthen our presence across India and this
partnership will further help us extend our reach. We are always
looking for innovative ways to grow our customer base and this
collaboration ensures that we remain well-placed to build our
position in an increasingly important region."
Atul Agrawal, CEO & Founder at Innologix Consulting,
commented: "We look forward to offering Cyan's market leading AMI
technology as a managed service. Our cost effective, cloud
computing service will deliver the latest technology without the
investment in infrastructure or the running costs required to host
and manage a system in-house."
Enquiries:
Cyan Holdings plc www.cyantechnology.com
John Cronin, Executive Chairman Tel: +44 (0) 1954 234
400
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Allenby Capital Ltd - Nominated Adviser Tel: +44 (0) 20 3228
and Joint Broker 5656
Jeremy Porter / Chris Crawford
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Hume Capital Securities plc - Joint Broker Tel: +44 (0) 20 7101
Jon Belliss 7070
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Walbrook PR - Financial PR Tel: +44(0) 20 7933 8780
Paul Cornelius / Nick Rome cyan@walbrookpr.com
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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 Innologix Consulting
Innologix Consulting is in the business of providing innovative
solutions for energy management for its clients across geographies.
Innologix specializes in providing business solutions which
leverage availability of on line data, big data strategies and
cloud computing.
Innologix Consulting is founded by Atul Agrawal who has more
than 20 years of experience in the energy and utility industry,
with rich operations, consulting and information technology
experience. Atul has worked for Ferranti Computer Systems, IBM,
Infosys, Siemens and Reliance Industries before he founded
Innologix Consulting.
Innologix focuses on the following business segments:
Micro-Grids
Residential Segment (home and apartment complexes)
Commercial Building
Commercial Stores
Industry
Grids
Energy and Utility Vertical
This information is provided by RNS
The company news service from the London Stock Exchange
END
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