Business
Follow-on order for Indian smart metering contract
Follow-on order for Indian smart metering contract.
About this update from Cyanconnode Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 5097M Cyan Holdings Plc 21 January 2016 \n\n \nCyan Holdings plc\n(\"Cyan\" or the \"Company\")\n \nFollow-on order for smart metering contract in India\n \nLarsen & Toubro place follow-on order for 5,000 smart meters at Tata Power Mumbai \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 a follow-on order for a further 5,000 meters from Larsen & Toubro (\"L&T\") to expand the deployment of Cyan's smart metering solution at Tata Power Mumbai (\"Tata Power\").\n \nThis second order from L&T, for Cyan's CyLec Advanced Metering Infrastructure (\"AMI\") solution, follows the successful implementation of 5,000 consumer smart meters in Mumbai, announced by Tata Power in July 2015: http://www.tata.com/media/releasesinside/-Tata-Power-commissions-one-of-the-largest-radio-frequency-metering-projects-in-India \n \nThe follow-on contract is to provide a complete AMI solution for the deployment of 4,000 single phase consumer meters and 1,000 three phase meters for high use consumers and light industrial customers. The order will be delivered to Tata Power over the coming weeks. Furthermore, due to the investment the Company has already made in training Tata Power staff to install smart meters and operate the Cyan AMI solution, delivery of this follow on order can be achieved without on-site assistance from Cyan staff, demonstrating the scalability of its business model. \n \nDiscussions have now commenced with Tata Power regarding a Framework Order to meet their future needs over a multi-year period.\n \nJohn Cronin, Executive Chairman of Cyan, commented, \"We are delighted to have a follow-on order from L&T, providing a clear signal to customers, partners and shareholders that Cyan's AMI communications platform is ideally suited for emerging market technical requirements as well as reconfirming our leadership position in the India smart metering market. Tata Power is pioneering initiatives in the generation and transmission of electricity and the success of this project has provided Cyan with a strong customer reference for opportunities in India.\n \n\"Cyan's communication platform is an enabling technology, delivered...