Strategic Partnership Agreement with L&T

RNS Number : 7960X

Cyan Holdings Plc

21 February 2012

 



Cyan Holdings plc

("Cyan" or the "Company")

Strategic Partnership Agreement with Larsen & Toubro

Cyan Holdings and Larsen & Toubro (L&T) enter into Strategic Partnership Agreement to provide Indian Utility customers with AMI Advanced Metering Infrastructure products.

Cyan Holdings plc (AIM:CYAN.L), the integrated system design company delivering wireless solutions for lighting control and utility metering has formed a strategic partnership with L&T to collaborate in the development, supply and delivery of Advanced Metering solutions comprising utility meters equipped with Cyan's wireless communication capability for AMI, Smart Metering and Smart Grid Pilot projects.

"L&T is a recognised leader in the Energy and Utilities sector with proven products and a tier 1 reputation" said Bijan Mohandes, Vice President - World Wide Sales and Marketing, Cyan Technology. "We are very pleased to be partnering with L&T.  By using Cyan's wireless modules incorporating CyLec, L&T Meters will be capable of interoperable two-way communication and remote collection of metering data and control of the meters."

Both parties have identified a number of projects in India where there is a need for 865MHz based interoperable Wireless AMI with a short term requirement for end to end communications enabling remote tamper detection and reporting. The parties have entered into this strategic alliance as they believe that thistechnology is likely to become a major factor in the fast growing Indian electricity metering market.

The alliance with L&T is in line with Cyan's strategy of building strategic partnerships with key established players in India. 

Larsen and Toubro Limited, is a company existing  under the Companies Act 1956 , having its registered office at L&T House, Ballard Estate Mumbai 400001, operating through its Metering & Protection Systems Business Unit having its office at  Mysore Campus, KIADB Industrial Area, Hebbal-Hootagalli, Mysore, 570 018, India ("L&T").

CyLec is a trademark of Cyan Technology Ltd.

Enquiries:

Cyan Holdings plc John Read, Chairman www.cyantechnology.com	Tel: [phone]
Cenkos Securities plc NOMAD and Joint Broker Stephen Keys / Adrian Hargrave	Tel: [phone]
XCAP Securities plc Joint Broker Jon Belliss / Adrian Kirk	Tel: [phone]
Newgate Threadneedle Financial PR Adam Reynolds / Guy McDougall/ Caroline Evans- Jones	Tel: [phone]

About Cyan

Cyan is an integrated system design company delivering mesh based flexible wireless solutions for utility metering, lighting control & industrial telemetry. The Company has been listed on London's Alternative Investment Market (AIM) since 2005. Cyan's Headquarters are in Swavesey, Cambridge.

 For more information, please visit www.cyantechnology.com.

 

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