Cyan Holdings Plc Project Success at Tata Power in India (3452K)

TIDMCYAN

RNS Number : 3452K

Cyan Holdings Plc

16 April 2015

Cyan Holdings plc

("Cyan" or the "Company")

Tata Power Successfully Implements Cyan Smart Metering Solution

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 successfully deployed what the directors believe to be is the first 865MHz Advanced Metering Infrastructure ("AMI") commercial volume project in India.

In July 2014, Cyan announced an order from Larsen & Toubro ("L&T") to provide a complete CyLec(R) AMI solution to Tata Power Mumbai ("Tata Power"), consisting of 865MHz radio frequency ("RF") modules, Data Concentrator Units, Head End Server software licenses, onsite software installation services and an annual software maintenance contract. The initial contract with Tata Power was for the deployment of 5,000 consumer meters in a district in Mumbai and around 4,000 meters are now live with the remainder expected to be completed before the end of Q2 2015. The Cyan RF modules were installed inside the L&T smart meters that have been deployed by Tata Power. The smart meters, integrated with Tata Power's control centre, are now providing data to generate customer bills, real-time information on outages and other factors related to the quality of power.

Cyan's AMI platform supports fully automated, accurate billing for Tata Power. On the last billing cycle, Tata Power achieved 100% success rate in communicating meter readings from the CyLec-enabled meters to their consumer billing system. In addition the AMI platform enables Tata Power to manage grid emergencies with increased efficiency, improving the reliability of the customer's power supply and optimising peak power demand management.

Tata Power Mumbai is a Tata group company and part of India's largest integrated power company with a significant international presence and over 500,000 retail customers in Mumbai.

John Cronin, Executive Chairman of Cyan, commented, "I am pleased to update our customers, partners and shareholders that the first volume rollout of Cyan smart metering technology has been a success. The fact that Tata Power was able to achieve a 100% success rate in communicating meter reading data to their billing systems is testament to the reliability of the Cyan sub-GHz radio mesh solution resulting from over 200 man-years of development by our team in Cambridge.

"The success of this project confirms Cyan's leadership position in providing smart metering solutions to address the pressing power issues faced by both utilities and end consumers in India. I would like to thank Tata Power, L&T and Neosilica for their valued support during the implementation project. We look forward to working on further deployments at Tata Power in due course as well as additional projects with L&T at other utilities. As Tata Power is viewed as a leader in the generation and transmission of electricity, the success of this project will act as an important reference for other utilities evaluating smart metering technologies across India as well as for our customers in other regions around the world."

Enquiries:

 
 Cyan Holdings plc                            www.cyantechnology.com 
  John Cronin, Executive Chairman              Tel: [phone] 
                                               400 
 Allenby Capital Ltd - Nominated Adviser      Tel: [phone] 
  and Joint Broker                             5656 
  Jeremy Porter / Alex Brearley 
 Beaufort Securities Limited - Joint Broker   Tel: [phone] 
  Elliot Hance                                 8300 
 Walbrook PR - Financial PR                   [e-mail] 
  Paul Cornelius / Nick Rome                   Tel: [phone] 
 

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(R)

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 Tata Power

Tata Power is India's largest integrated power company with a growing international presence. The company, together with its subsidiaries and jointly controlled entities, has an installed gross generation capacity of 8585 MW in India and a presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading. It is also one of the largest renewable energy players in India. For more information, please visit: www.tatapower.com

Mumbai Distribution

Tata Power is constantly striving and proud to live to its founder's dream: To be able to provide cheap, abundant and uninterrupted power. Its key focus is to reach out to the larger population of Mumbai with its competitive tariff and see this dream come true. Tata Power Mumbai takes immense pleasure in being associated with more than 3.5 lakh households as their preferred power supplier and are constantly trying to provide Mumbai with an improved experience. The company has transformed the distribution landscape by offering a plethora of choice to consumers. Not only does Tata Power offer benefits to its consumers with a competitive and economical tariff, but also delivers excellent customer service at par with international benchmarks.

Tata Power's growth rate to light up the lives of consumers using less than 300 units has doubled since August 2012. This has been achieved through special initiatives and camps organized by it to ensure that consumers can switch to Tata Power conveniently. A steady network expansion within Mumbai with a focus on 11 clusters approved by MERC: Mira Road, Dahisar, Kurla LBS, Saki, Mindspace in Malad, Trombay, Mankhurd-Chembur, Vrindavan in Anushakti Nagar, Arogyanidhi in Andheri West, Vasant Utsav in Kandivali East, Malad BMC Lagoon has been taken up. With an average of 6500 MUs of power sold annually, Tata Power's efforts in these areas are focused on expanding its reach, and a strong distribution network connected to homes of its consumers.

This information is provided by RNS

The company news service from the London Stock Exchange

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