Alliance with Wipro Technologies

RNS Number : 7759T

Cyan Holdings Plc

12 December 2011

 



12 December 2011

Cyan Holdings Plc

("Cyan" or "the Company")

Cyan Technology and Wipro enter into an Alliance to help Indian Utility customers implement Advanced Metering Infrastructure

Cyan Holdings Plc (AIM:CYAN.L), the integrated system design company delivering mesh based flexible wireless solutions for lighting control, utility metering and industrial telemetry announces an alliance with Wipro Technologies, the global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE:WIT). Wipro will provide Consulting and IT Services to power utility companies in India deploying wireless meters incorporating CyLec^TM, Cyan Technology's wireless communication solution for electricity metering. Cyan Technology is an integrated system design company delivering mesh based flexible wireless solutions for utility metering and has become a recognised player in the Indian utility sector.

The alliance with Wipro forms the core of Cyan Technology's approach to building strategic partnerships with key players in India to become a major player in the fast growing Indian electricity metering market. The alliance brings together Wipro's strong track record of success in the energy and utilities space and Cyan's world-class CyLec^TM solution to provide Advanced Metering Infrastructure (AMI) that offers seamless, robust, end to end wireless communication right from the customer's meter all the way to the utilities' internal IT systems and applications.

Indian utilities can now benefit from the advanced features provided by CyLec^TM and Wipro's  extensive capabilities in the Utilities sector to address the need for immediate and automatic detection of tampering, enable load balancing through remote connect and disconnect, provide live monitoring of energy usage and forecast of energy requirements. Besides, Indian utilities are suffering staggeringly high aggregate technical and commercial (AT&C) losses at 28.4% and they are very keen to adopt solutions that help them reduce these losses that result in lost revenues.

Faced with oncoming challenges such as efficient grid integration of renewable sources for the Indian smart grid, Indian utilities are keen to implement AMI as part of their distribution infrastructure, with typical installations running into a few millions of wireless enabled meters.

 "Wipro is a global leader in the Energy and Utilities sector with proven expertise in IT transformational programs and significant domain expertise in the 'Utilities space'." said Bijan Mohandes, Vice President - World Wide Sales and Marketing, Cyan Technology. "We believe that by partnering with Wipro, we can combine their service delivery expertise with Cyan's CyLec^TM solution to deliver much sought-after benefits to Indian utilities."

About Cyan Technology

Cyan Technology Ltd is an integrated system design company delivering mesh based flexible wireless solutions for utility metering, lighting control & industrial telemetry. For more information, please visit www.cyantechnology.com.

About Wipro Technologies

Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has 120,000 employees and clients across 54 countries. For more information, please visit www.wipro.com.

CyLec is a trademark of Cyan Technology Ltd.

Contact:                                                                  

Cyan Holdings Plc Kenn Lamb, CEO www.cyantechnology.com	Tel: [phone]
Cenkos Securities Plc NOMAD and Joint Broker Stephen Keys / Adrian Hargrave XCAP Securities Plc Joint Broker Jon Belliss / Adrian Kirk	Tel: [phone] Tel: [phone]
Hansard Financial PR Adam Reynolds / Guy McDougall	Tel: [phone]

 

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