Cyan Holdings Plc Cyan wins Innovation of the Year Award

TIDMCYAN

Cyan Holdings Plc

02 February 2015

("Cyan" or the "Company")

Cyan Wins Innovation of the Year Award

Recognised by industry leaders at top UK event

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 won the Innovation of the Year Award 2015 at the 6(th) annual Smart Energy UK & Europe Awards for its CyLec(R) smart metering solution designed for the power sector in next-generation economies.

Judges felt that Cyan had contributed greatly to the formation of Advanced Metering Infrastructure by enabling wireless data transmission to utilities. Cyan's CyLec solution is based on its wireless mesh networking platform, enabling the measurement and control of energy consumption for the metering market, supporting the reduction of energy losses as well as revenue assurance.

John Cronin, Executive Chairman for Cyan, commented: "It is a great honour to receive this prestigious award in recognition of Cyan's innovation in next-generation smart grids, empowering consumers to manage their energy consumption. We are very proud of the progress we have made within these markets, and optimistic about the future of smart metering in fast-growing economies. We have worked hard to create innovative solutions tailored to the specific environmental and economic conditions in which they are deployed and is great to see our hard work recognised by such a respected institution."

The European Smart Metering Awards are an initiative of Oliver Kinross aimed at recognising the achievements of solution providers and utilities. All award entries were assessed and judged upon by an independent panel of industry experts from utility companies across Europe.

The awards were presented at the 6th Smart Energy UK & Europe Awards (formerly known as the Smart Metering UK & Europe Summit), Europe's leading gathering for Smart Metering, Utilities and Grids professionals from around the world.

Enquiries:

 
 Cyan Holdings plc                 Tel: +44 (0) 1954 
                                    234 400 
 John Cronin, Executive Chairman   www.cyantechnology.com 
 
 Allenby Capital Ltd - Nominated   Tel: +44 (0) 20 
  Adviser and Joint Broker          3328 5656 
 Jeremy Porter / Alex Brearley 
 
 Hume Capital Securities plc       Tel: +44 (0) 20 
  - Joint Broker                    7101 7070 
 Jon Belliss 
 
 Walbrook PR - Financial PR        Tel: +44(0) 20 7933 
                                    8780 
 Paul Cornelius/Nick Rome          cyan@walbrookpr.com

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(R) is a complete control and communication network for electricity metering. CyLec(R) 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

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