Business
Award for Technology Innovation
Award for Technology Innovation.
About this update from Cyanconnode Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 4610O Cyan Holdings Plc 07 August 2014 \n \n\n \nCyan Holdings plc(\"Cyan\" or the \"Company\")\n \nCyan wins 2014 Frost & Sullivan Award for Technology Innovation Leadership\n \nCyan (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 won the 2014 Europe Frost & Sullivan award for Technology Innovation Leadership in developing a smart metering technology for the power sector in emerging economies.\n \nEach year, Frost & Sullivan presents this award to the company that has demonstrated uniqueness in developing and leveraging new technologies, which significantly impacts both the functionality and the customer value of the new products and applications. The award lauds the high R&D spend toward innovation, its relevance to the industry and the positive impact on brand perception.\n\nFrost & Sullivan Best Practices awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.\n \nJohn Cronin, Executive Chairman commented: \"Cyan's strategy of partnering with local smart metering vendors was independently recognised by Frost & Sullivan as a highly effective method of commercialising its technology in emerging markets. Our recent experience has proven this, with the announcements of commercial deployments for Tata Power and Essel Utilities, through consortia, for Cyan's CyLec® smart metering solutions in India. We are committed in our focus on emerging regions and appreciate Frost & Sullivan's recognition of our innovative technology in this arena.\"\n \n\"CyLec has already demonstrated its practicality in India and Brazil, and has proven to be compatible with the existing static meters in these countries,\" said Frost & Sullivan Senior Research Analyst Avimanyu Basu. \"The retrofitting is achieved with the help of a compact retrofit module that connects with the...