Update on TNEB Tender

RNS Number : 8303L

Cyan Holdings Plc

10 September 2012

 



Cyan Holdings plc

("Cyan" or the "Company")

Update on TNEB Tender

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 gives further information regarding the timings of the Tamil Nadu Electricity Board (TNEB) Automatic Meter Reading (AMR) tender.

A number of Cyan partners have begun with the installation and commissioning of the 500 unit pilots at Trichy (Tiruchchirappalli), in the state of Tamil Nadu. The Cyan partners in question are confident that the installations are moving forward as planned and estimate that the pilots will be ready for inspection during September/early October.

TNEB are actively observing this phase of the tender process and on completion will review each pilot. At this stage, TNEB will test the technology to ensure it complies with the tender specification which includes interoperability of solution.

John Cronin, Executive Chairman of Cyan commented: "We are continuing to support our partners in the installation and commissioning of our CyLec® technology. This includes working with them on the ground in India as well as from Cambridge to ensure the pilots can be successfully demonstrated to TNEB."

Cyan Holdings plc John Cronin, Executive 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 Caroline Evans-Jones / Guy McDougall	Tel: [phone]

About Cyan

Cyan is an integrated system design company delivering mesh based flexible wireless solutions for utility metering, lighting control & industrial telemetry. 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.

 

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