Cyan broadens South African horizons with Adenco

RNS Number : 8433M

Cyan Holdings Plc

12 May 2015

 

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

Cyan broadens South African horizons with Adenco

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 been selected by Adenco Construction (Pty) Ltd ("Adenco") as a preferred supplier of smart metering and lighting solutions as well as emerging, related Internet of Things applications in South Africa.

Cyan and Adenco will collaborate to deliver smart energy solutions that enable the measurement and control of energy consumption, helping to increase energy security and reduce supply costs in South Africa. Adenco is an electrical construction company registered with all relevant authorities including Eskom Western Cape, CIBD and Provincial Administration to supply, install and commission electrical and lighting contracts.

John Cronin, Executive Chairman of Cyan, commented: "We are pleased to be working with Adenco in South Africa. The US Trade & Development Agency has forecast that South African utility executives will spend $11 billion on grid modernization over the next decade*. Cyan is focussed on delivering smart metering and lighting technology to next generation economies, providing energy companies with the technology to support demand management, as well as enabling consumers to manage their energy consumption effectively."

Bes Bezuidenhout, Chief Executive of Adenco, commented: "In South Africa demand to deploy energy efficient infrastructure is growing. Cyan's technology supports the management of energy consumption as well as demand side management to control peak load."

As part of its collaboration with partners in South Africa, Cyan is participating over the next three days in Africa Utility Week in Cape Town, South Africa**. Cyan's Vice President, Mark Coyle will present, 'Why Africa should get 'smart' with its metering' on day one of the conference programme. The presentation will describe how Cyan's integrated smart metering platform delivers practical benefits specifically aligned with the requirements of Africa's energy market: Enabling security of supply, affordability and sustainability through reduced losses, peak load management and enhanced revenue assurance. Mark will go on to explain how Cyan's technology can enable the management of energy consumption and demand side participation by customers, establishing a platform to deliver ongoing benefits across all stakeholders.

*http://www.ustda.gov/news/pressreleases/2013/US/SGT_ZakSmartGridOpps_111913.pdf

** http://www.african-utility-week.com/

Enquiries:

Cyan Holdings plc	Tel: [phone]
John Cronin, Executive Chairman	www.cyantechnology.com
Allenby Capital Ltd - Nominated Adviser and Joint Broker	Tel: [phone]
Jeremy Porter / Alex Brearley
Beaufort Securities Limited - Joint Broker	Tel:  [phone]
Elliot Hance
Walbrook PR - Financial PR	Tel:  [phone]
Paul Cornelius/Nick Rome	[e-mail]

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 Adenco

South African based Adenco Construction was established on 1st September 1993. Adenco provides turn key projects on Transmission and Distribution Electrical reticulation networks including design, construction and commissioning of sub stations; supply, installation and commissioning of high, medium and light voltage electrical reticulation networks to Government and Private Developers; supply, installation, commissioning and maintenance of street and sports field lighting; and construction of renewable energy farms. Adenco counts some of the biggest private property developers and state owned enterprises as clients. Adenco has also completed projects on the African continent.

Adenco Construction is a CIDB 8EP rated company and is 51% black owned, a key criteria and significant achievement in the South African market.

For more information, please visit www.adenco.co.za.

 

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