Cyan Holdings plc
("Cyan" or the "Company")
Cyan and Vodafone's M2M unit team up to provide smart metering solutions to Indian 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 teaming agreement with Vodafone's M2M (Machine-to-Machine) team to create joint propositions, develop opportunities and submit proposals to customers to enable either party to address the smart metering market in India.
Vodafone and Cyan will deliver a managed service portfolio of solutions: Cyan's wireless mesh networking platform offers a cost-effective extension to Vodafone's network reach for high-volume/low-value 'last mile' data communications to utility end customers. Vodafone's M2M Global Data Services Platform and managed hosting provide secure data communication and storage beyond the networked devices.
John Cronin, Executive Chairman at Cyan, commented, "Our focus is to supply smart metering solutions to enable utilities to reduce transmission and distribution losses and protect revenue. Therefore, we are very pleased to announce this partnership and that our CyLec platform will be installed in Vodafone's Customer Experience Center in Mumbai to demonstrate its capability in providing metering solutions. This is another step in offering sustainable solutions to the Indian power sector through strategic partnerships."
Enquiries:
Cyan Holdings plc John Cronin, Chairman |
www.cyantechnology.com Tel: +44 (0) 1954 234 400 |
Allenby Capital Ltd - Nominated Adviser and Joint Broker Jeremy Porter / Michael McNeilly |
Tel: +44 (0) 20 3228 5656 |
Hume Capital Securities plc - Joint Broker Jon Belliss |
Tel: +44 (0) 20 7101 7070 |
Walbrook PR - Financial PR Paul Cornelius |
Tel: +44(0) 20 7933 8780 |
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®
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 Vodafone
Vodafone is one of the world's largest telecommunications companies with approximately 419 million customers in its controlled and jointly controlled markets as of 31 December 2013. Vodafone has equity interests in telecommunications operations in nearly 30 countries and around 50 partner networks worldwide. For more information, please visit: www.vodafone.com
