Second Smart Metering Contract Win

RNS Number : 9919K

Cyan Holdings Plc

01 July 2014

 



Cyan Holdings plc
("Cyan" or the "Company")

Second smart metering contract win

Consortium led by Larsen & Toubro has been selected by Tata Power Mumbai

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 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.

Tata 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.

The 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.

John 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. As Tata are viewed as leaders in the generation and transmission of electricity, their selection of the consortium's AMI technology will act as an important reference for other utilities evaluating smart metering technologies across India. This selection demonstrates the strength and credibility of the consortium's offering and further establishes Cyan as a credible solution for emerging markets."

Reji Pillai Kumar, President of India Smart Grid Forum (ISGF), commented "I wish to congratulate ISGF members Tata Power Company, L&T and Cyan Technology on the commercial deployment of full AMI solutions on sub-GHz RF mesh network in India. Utilities have recognised the benefits that can be achieved by adopting smart grid technologies and an important step towards reducing T&D losses is to remotely identify and collect data from every meter. I am pleased that Tata Power is progressing to commercial deployment of the CyLec AMI platform which would support Tata Power's billing and fault management processes as well as provide the full benefits of these advanced technologies."

Satyam Bheemarasetti of Neosilica, CEO, commented, "We are pleased to be part of the consortium selected to provide enterprise level scalable solutions in smart grid AMI that will deliver tangible savings to Tata Power. We appreciate Tata Power and L&T for taking this crucial first step towards commercial adoption of smart grid in India."

The Indian power sector is heavily focussed on reducing transmission and distribution ("T&D") losses which will support the distribution companies' requirement to improve their financial health. Smart grid technologies have been identified as a solution that could address these losses effectively. By implementing a smart metering solution, it allows the utility to collect and analyse data from every meter ensuring accurate billing and collection for every customer. As revenues increase, and T&D losses decrease, monies can be reinvested into further smart grid roll outs. With 200 million meters currently, it is estimated that India will install 130 million smart meters by 2021.

Country/Continent	Total number of meters currently deployed (in millions)	Number of smart meters already deployed (in millions)	Smart meters as share of total deployment
USA	150	46	30.7%
Europe	281	61.2	22.0%
Australia	9.5	3	31.6%
Canada	15	7.3	49%
India	200	-	<<1%

Source:
http://indiasmartgrid.org/en/resource-center/Reports/ISGF_Report%20on%20Smart%20Metering%20Scenario%20in%20India.pdf#search=smart%20metering%20scenario%20in%20India

Enquiries:

Cyan Holdings plc John Cronin, Chairman	www.cyantechnology.com Tel:  [phone]
Allenby Capital Ltd - Nominated Adviser and Joint Broker Jeremy Porter / Michael McNeilly	Tel: [phone]
Hume Capital Securities plc - Joint Broker Jon Belliss	Tel:  [phone]
Walbrook PR - Financial PR Paul Cornelius	Tel:  [phone]

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®

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. With its track record of technology leadership, project execution excellence, world class safety processes, customer care and driving green initiatives, Tata Power is poised for a multi-fold growth and committed to 'lighting up lives' for generations to come. 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.

About Larsen & Toubro

Larsen & Toubro (L&T) is a USD 14.3 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. Its products and systems are marketed in over 30 countries worldwide. L&T is one of the largest and most respected companies in India's private sector. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business over seven decades.

Electrical & Automation (E&A), leaders in the low voltage switchgear category, is one of the key business portfolios of L&T. E&A business comprises low and medium voltage switchgear, electrical systems, marine switchgear, electrical and automation systems integration, energy meters & relays. Its products and solutions cater to industries, utilities, infrastructure, building and agriculture segments. The manufacturing operations of E&A's business are located at Mumbai (Powai), Navi Mumbai (Mahape & Rabale), Ahmednagar, Vadodara, Coimbatore and Mysore in India as well as in Saudi Arabia, UAE (Jebel Ali, Dubai), Malaysia, Indonesia, Australia and the UK.

About Neosilica

NeoSilica specializes in global Energy markets - making and deploying Green IT products and solutions, for - a) Utilities (Smart Grid: Meter Data Management System, MDAS, ADR), b) Buildings (Grid Responsive BEMS/BMS) and c) Solar Plants (SCADA & Remote Monitoring with SLDC Integration). NeoSilica's Smart Grid solutions use enterprise-scale architectures, built on secure and scalable M2M (Machine to Machine) Platform and Cloud-based Solutions supported by Big Data Analytics - all developed internally. Using field proven technologies, NeoSilica caters to wide range of applications for energy and water conservation from microgrids to smart cities. More details on www.neosilica.com.

 

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