Business
Second Smart Metering Contract Win
Second Smart Metering Contract Win.
About this update from Cyanconnode Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 9919K Cyan Holdings Plc 01 July 2014 \n \n\n \nCyan Holdings plc(\"Cyan\" or the \"Company\")\n \nSecond smart metering contract win\n \nConsortium led by Larsen & Toubro has been selected by 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 that a consortium led by Larsen & Toubro (\"L&T\") has been selected by Tata Power Mumbai for the deployment of Cyan's CyLec® Advanced Metering Infrastructure (\"AMI\") solution in India.\n \nTata Power Mumbai (\"Tata\") is a Tata Group company and part of India's largest integrated power company with a significant international presence and approximately 400,000 retail customers in Mumbai. Tata have spent the last 12 months evaluating the consortium's technology and following the success of this evaluation, Cyan has now received an order from L&T to provide a complete AMI solution consisting of 865MHz RF modules, Data Concentrator Units, Head-End Server software licenses, onsite software installation services and an annual software maintenance contract. The Cyan 865MHz radio communication modules will be installed inside the L&T smart meters that will be deployed for Tata. The initial contract with Tata is for the deployment of 5,000 consumer meters in a district in Mumbai and is currently planned to go live in early 2015.\n \nThe consortium members include L&T (consortium lead partner), Cyan and Neosilica, who in partnership will provide an integrated CyLec AMI solution to Tata. L&T will supply smart meters, with CyLec® wireless technology inside, and Neosilica will provide a Meter Data Acquisition System (\"MDAS\") interface from Cyan's Head End Server into Tata's Meter Data Management System for billing and fault management. \n \nJohn Cronin, Executive Chairman of Cyan, commented, \"After the announcement of the first retrofit order from Essel Utilities less than two weeks ago, we are delighted to now have our second significant order and commercial deployment in India. Since signing a partnership agreement with L&T in February 2012, we have worked closely with them to ensure we can provide a fully functional end-to-end solution for the Indian market....