Business
Order Update: India Electrici
Order Update: India Electrici.
About this update from Cyanconnode Holdings Plc
[{"type":"text","content":"\n RNS Number : 6747N Cyan Holdings Plc 16 June 2010 \n \n\n 16 June 2010\n \nCyan Holdings Plc\n(\"Cyan\" or \"the Group\")\n \nOrder Update: India Electricity Metering\n \nCyan Holdings plc (AIM:CYAN.L), announces that it has received an important initial order for wireless monitoring of electricity meters in India. Cyan is a fabless semiconductor company providing wireless utility metering and lighting control products based on its feature rich, low power, microcontroller chips.\n \nThe initial order of 10,000 units represents one of the smallest of several tenders that Cyan understands are currently open in the Indian market. The end customer is a global tier 1 meter manufacturer. This customer was sourced by our partner Future Electronics which secured the order on behalf of Cyan and continues to provide local support. \n \nCyan products are being quoted into further tenders from both this and other end customers. The tenders range in size up to 100,000 units, several of which, like this order, are understood to require installation this year. The tenders are a necessary pre-condition for attacking a market which Cyan believes will run to multi-million annual installation of both new and replacement meters.\n \nCyan has been working with a number of established meter manufacturers in India since early 2009 in anticipation of an increasing demand for wireless and specifically mesh connected meter reading and monitoring solutions from utility companies.\n \nSeveral manufacturers have, in recent months, reported a substantial increase in the volume of tenders for wireless electricity meters with increasing demand for mesh connection capability. Cyan has developed a product specifically for the Indian market that offers point to point (\"P2P\") meter reading from a handheld reader. This product matches the functionality of some existing wireless systems but also offers the ability to access meters from an office at any time over the mobile telephone network. \n \nBecause the Cyan wireless meter product supports the existing meters' communication protocol it provides an easy interface to different manufacturers' existing meter hardware. Existing systems can be upgraded at installation, or at a later date to support both remote access and mesh operation. \...