TIDMCYAN
Cyan Holdings Plc
02 December 2015
Cyan Holdings plc
("Cyan" or the "Company")
Strategic Partnership Agreement with Newcapec in China
Entry into Chinese Smart Metering 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 strategic partnership agreement with Newcapec Electronics Company
Limited ("Newcapec"), a leading solutions provider in China.
Together, Cyan and Newcapec will explore new opportunities in
next generation smart metering applications for the power, gas and
water industries as well as emerging city applications, such as
lighting and sensors, both in China and internationally.
In August, Cyan's Executive Chairman, John Cronin met Mr Yang
Weiguo, President and Mr Fu Qiusheng, Executive Vice President at
Newcapec in Henan, China. Following this meeting, Cyan and Newcapec
have agreed to collaborate to create added value from their
combined solutions, as well as identifying and developing new
applications across emerging smart energy, 'Smart Cities' and
Internet of Things ("IoT") markets.
Newcapec is an expert in the delivery of innovative technology
and managed services across a range of business sectors including
energy, the public sector and telecoms. It has 35 branches
throughout China has more than 900 employees.
In China, economic growth and urbanisation is driving the
adoption of connected technology as the government seeks to balance
supply and demand in key sectors of the economy, namely energy and
transportation. Furthermore, other major industries are also
embracing IoT which provides real-time information to increase
efficiency, lower costs and manage infrastructure more effectively.
China's Ministry of Industry and Information Technology released
its 12(th) Five-Year Development Plan in 2012, with the goal of
scaling the IoT market to $163 billion by 2020(*) .
John Cronin, Executive Chairman of Cyan, commented: "We are
pleased to be partnering with Newcapec to provide integrated
solutions through combined value. Our aim is to deliver smart
metering solutions to enable increased intelligence for both
utilities and consumers, and to support energy efficiency,
consumption and demand side management initiatives. In addition, we
will work together to identify new applications for our combined
technology within the IoT and 'Smart Cities' to support the
creation of sustainable, viable living spaces with Cyan's
integrated platform providing insight and control."
Mr Yang Weiguo, President, Newcapec, commented: "China aims to
lead the world in the use of connectivity to consume electricity
and other utility services efficiently. Proven by its experience in
emerging markets, Cyan's integrated smart energy solutions address
the immediate market requirement as well as providing a platform to
develop new smart city applications for the future."
(*
http://www.gsma.com/newsroom/wp-content/uploads/16531-China-IoT-Report-LR.pdf)
Enquiries:
Cyan Holdings plc Tel: +44 (0) 1954
234 400
John Cronin, Executive Chairman www.cyantechnology.com
Cantor Fitzgerald Europe (Nomad Tel: +44 20 7894
and Broker) 7000
Andrew Craig / Chris Viggor
Beaufort Securities Limited Tel: +44 (0) 20
-Broker 7382 8300
Jon Belliss
Walbrook PR - Financial PR Tel: +44(0) 20 7933
8780
Paul Cornelius/Nick Rome cyan@walbrookpr.com
About Cyan
Cyan provides a communication platform for energy, lighting and
emerging applications in the wider 'Internet of Things' network.
Its integrated platform and partner collaborations deliver
end-to-end solutions that connect millions of devices and support
bidirectional communication with the end customer. Cyan's smart
metering and lighting solutions enhance quality of service in
emerging regions, through power savings, lower operating costs and
increased cost efficiency. Our vision to create improved value
through Smart City solutions has provided our customers with the
foundation upon which to build incremental services as these
markets evolve.
For more information, please visit www.cyantechnology.com.
About Newcapec Electronics Company Limited
Founded in 2000, Newcapec Electronics Co., Ltd. is China's
leading provider of smart card applications and overall solutions.
Since July 29, 2011, it has become the country's first listed
company on GEM (Growth Enterprises Market) board in smart card
industry, having a primary listing on the Shenzhen Stock Exchange
with stock code of 300248. With over 12 years of smart card system
expertise, the company is committed to smart card study and RFID
technological innovations to provide a range of solutions for smart
card applications in cities, schools, colleges, communities, and
also to provide solutions for other sectors of business, including
public transportation, sanitation, enterprises, banks and mobile
payment. We devote our efforts to manufacturing, researching and
developing, integrating smart card system platform software,
application software and various smart card terminals, and offering
a range of sales and operation service.
The company's corporate headquarters is located in the Zhengzhou
High & New Technology Industries Development Zone. As a key
National Torch Plan high-tech enterprise as well as a software
enterprise with more than 900 employees including 280 professional
research and development personnel and 300 after-sales service
personnel, the company has 35 branches throughout the country, owns
proprietary intellectual property rights including 20 patents and
80 software copyrights. Its self-developed product line covers more
than 50 types of smart card with over 300 models. The company
introduced and passed international standards, such as ISO9001
quality system certification, ISO14001 environmental system
certification, CMMI III certification, obtained Grade 2 system
integration certification and AAA highest credit certification,
which is recognized throughout the world. Due to its continuous and
widespread success in the Chinese market, the company was rewarded
with "China RFID Excellent Application Achievement Award" and
"National Golden Card Project Golden Ant Award" respectively, named
best potential listed enterprise in 2012 by Forbes magazine.
For more information, please visit www.newcapec.net
This information is provided by RNS
The company news service from the London Stock Exchange
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