Cyan Holdings Plc (CYAN) - CyLec Deployed in Indian Smart Metering Project
RNS Number : 0405Q
Cyan Holdings Plc
01 November 2012
Cyan Holdings plc
("Cyan" or the "Company")
Cyan's integrated solution for advanced metering deployed by partner for
Indian smart meter project
CyLec, Cyan's smart metering solution for energy utilities transforms existing
power grid infrastructure into the smart grid
Cyan Holdings plc (AIM:CYAN.L), the integrated system and software design
company delivering mesh based flexible wireless solutions for utility metering
and lighting control today announces that one of its partners is
participating in the recently initiated, high profile smart grid project in
The smart grid pilot project is being led by the Power Grid Corporation of
India Limited (PGCIL), a government of India enterprise and was recently
inaugurated by Chief Minister N. Rangasamy in the presence of Power Minister
T.Thiagrajan. The project is to install an Advanced Metering Infrastructure
(AMI) solution in houses throughout Puducherry to support the electricity
department's objective to save power. An AMI solution will enable the
department to monitor online energy usage patterns as well as detect tamper
events, e.g. energy theft. It is anticipated that consumers of Puducherry will
also benefit from real-time accurate billing information to help manage their
Cyan's metering partner has deployed CyLec enabled meters in Puducherry for
evaluation by PGCIL. The installation demonstrates CyLec®, Cyan's integrated
solution for AMI and is expected to remain in place for up to six months. Cyan
and its partner are working with a third party system integrator to provide a
Meter Data Acquisition System (MDAS) platform to manage and present the data
collected from the meters.
John Cronin, Executive Chairman of Cyan commented: "We are delighted that one
of our meter manufacturer partners is involved in this project driven by PGCIL
and look forward to providing the market with further updates as it develops.
Yesterday's RNS concerning the exercise of warrants further demonstrates
shareholder confidence in Cyan's market opportunity in India and provides
additional funding for working capital purposes."
Further information regarding the project can be found at www.thehindu.com, 20
Cyan Holdings plc Tel: +44 (0) 1954 234 400
John Cronin, Executive Chairman
Cenkos Securities plc Tel: +44 (0)20 7397 8900
NOMAD and Joint Broker
Stephen Keys / Adrian Hargrave
XCAP Securities plc Tel: +44 (0)20 7101 7070
Jon Belliss / Adrian Kirk
Newgate Threadneedle Tel: +44 (0)20 7653 9842
About Cyan Technology
Cyan is an integrated system design and software company delivering mesh based
flexible wireless solutions for utility metering and lighting control.
Cyan's technology provides innovative solutions that reduce energy consumption
for the utility and lighting markets and includes CyNet™, CyLec® and CyLux®.
CyNet™ is a wireless mesh networking protocol for scalable and secure
communication with remote units as well as Cyan's enterprise software for full
end-to-end system integration. CyLec® is Cyan's smart metering solution for
energy utilities. It provides a robust, scalable and integrated platform that
enables utilities to transform existing power grid infrastructure into the
smart grid. CyLux® is Cyan's energy efficient smart lighting solution. It
enables significant power savings by optimising the way in which public
lighting is managed.
Together with Cyan's System Integrator partners, Cyan provides first class
support, managed services and Software as a Service (SaaS) to assist in the
planning and integration of its solutions.
This information is provided by RNS
The company news service from the London Stock Exchange
NRALFFFFIRLLVIF -0- Nov/01/2012 07:00 GMT
Press spacebar to pause and continue. Press esc to stop.