Cyan Holdings Plc Project Success at Tata Power in India (3452K)
16 April 2015 - 4:00PM
UK Regulatory
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: +44 (0) 1954 234
400
Allenby Capital Ltd - Nominated Adviser Tel: +44 (0) 20 3228
and Joint Broker 5656
Jeremy Porter / Alex Brearley
Beaufort Securities Limited - Joint Broker Tel: +44 (0) 20 7382
Elliot Hance 8300
Walbrook PR - Financial PR cyan@walbrookpr.com
Paul Cornelius / Nick Rome Tel: +44(0) 20 7933 8780
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
END
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