Cyan Holdings Plc New strategic partnership agreement with Enzen
July 14 2016 - 2:00AM
RNS Non-Regulatory
TIDMCYAN
Cyan Holdings Plc
14 July 2016
Cyan Holdings plc
("CyanConnode" or the "Company")
New strategic partnership agreement signed with Enzen
CyanConnode expands its reach with new partner in Ireland
CyanConnode (AIM:CYAN.L), the world leader in narrowband RF mesh
networks for Omni Internet of Things communications, announces that
it has signed a strategic partnership agreement with Enzen Global
Ltd ("Enzen").
CyanConnode and Enzen have agreed to collaborate to deliver
expertise in narrowband mesh technology to the Internet of Things
("IoT") market in Ireland. This agreement will provide combined
value to support Smart Energy, Smart Cities and IoT in the Irish
market. CyanConnode's communication platform will enable Enzen to
deliver Metering as a Service ("MaaS"), offering utilities an
outsourced smart metering solution and reduced costs. CyanConnode
will provide hardware and its Head End Software (on a recurring
revenue basis) and Enzen will provide system integration to deliver
this MaaS model.
In 2015, CyanConnode announced two purchase orders from Enzen in
India, for Chamundeshwari Electricity Supply Corporation Limited
("CESC") in Mysore, Karnataka and Pashimanchal Vidyut Vitran Nigam
Limited ("PVVNL") in Utter Pradesh. For both contracts, worth
cGBP1.5 million in total, CyanConnode is acting as Enzen's
end-to-end solution provider for smart metering.
The Commission for Energy Regulation ("CER") is operating a
National Smart Metering Programme ("NSMP") with a target to install
80% of the required smart meters in the Republic of Ireland by
2020. The Irish utility, ESB Networks, has issued a contract notice
to deliver 2.2 million smart meters in the Republic of Ireland.
Enzen will submit a bid based on CyanConnode's Ultimesh(TM)
narrowband mesh solution for the ESB Networks tender, of which the
communications Request For Proposal is expected in Q3 2016.
John Cronin, Executive Chairman of CyanConnode, commented: "We
are delighted to be working with Enzen in Ireland, a partnership
built on our successful relationship with Enzen in India.
CyanConnode has established an eco-system of partners in each
target market and it is now starting to build partnerships that are
global, which will support our expansion into new markets."
Vijay Dwarkanath, Global Head of Energy and Water Networks,
Enzen, commented: "CyanConnode's narrowband technology delivers
exceptional performance which is proven by successful deployments
through our partnership in India. CyanConnode's communication
platform will enable Enzen to deliver Metering as a Service,
providing an outsourced end-to-end smart metering process."
*
http://ted.europa.eu/udl?uri=TED:NOTICE:11825-2015:TEXT:EN:HTML
Enquiries:
Cyan Holdings plc Tel: +44 (0) 1954
234 400
John Cronin, Executive Chairman www.cyantechnology.com
Cantor Fitzgerald Europe - Tel: +44 20 7894
Nomad and Broker 7000
Andrew Craig / Richard Salmond
Beaufort Securities Limited Tel: +44 (0) 20
- Joint Broker 7382 8300
Jon Belliss
Walbrook PR - Financial PR Tel: +44(0) 20 7933
8780
Paul Cornelius/Nick Rome cyan@walbrookpr.com
About CyanConnode
CyanConnode is a world leader in narrowband RF mesh networks
that enable Omni IoT communications. Cyan's Ultimesh provides
narrowband RF mesh network, optimised for exceptional performance
and total cost of ownership and Connode's Panmesh delivers
standards-based IPv6 solutions, enabling rapid innovation for the
implementation of 3(rd) party applications. The Group provides
customers with the flexibility and choice required to converge
networks for applications in smart cities and IoT, delivering
increased customer value.
For more information, please visit www.cyanconnode.com.
About Enzen
Enzen Global is an innovative, knowledge-based energy and
utility enterprise serving the Gas, Power and Water sectors. They
provide outcome based turnkey solutions, blending industry best
practices and leading edge ideas with a continuous focus on
exceeding customers' expectations.
For more information, please visit http://enzenglobal.co.uk/
This information is provided by RNS
The company news service from the London Stock Exchange
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