Entry into Chinese Smart Metering Market

RNS Number : 6074H

Cyan Holdings Plc

02 December 2015

 

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

Strategic Partnership Agreement with Newcapec in China

Entry into Chinese Smart Metering Market

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 signed a strategic partnership agreement with Newcapec Electronics Company Limited ("Newcapec"), a leading solutions provider in China.

Together, Cyan and Newcapec will explore new opportunities in next generation smart metering applications for the power, gas and water industries as well as emerging city applications, such as lighting and sensors, both in China and internationally.

In August, Cyan's Executive Chairman, John Cronin met Mr Yang Weiguo, President and Mr Fu Qiusheng, Executive Vice President at Newcapec in Henan, China. Following this meeting, Cyan and Newcapec have agreed to  collaborate to create added value from their combined solutions, as well as identifying and developing new applications across emerging smart energy, 'Smart Cities' and Internet of Things ("IoT") markets.

Newcapec is an expert in the delivery of innovative technology and managed services across a range of business sectors including energy, the public sector and telecoms. It has 35 branches throughout China has more than 900 employees.

In China, economic growth and urbanisation is driving the adoption of connected technology as the government seeks to balance supply and demand in key sectors of the economy, namely energy and transportation. Furthermore, other major industries are also embracing IoT which provides real-time information to increase efficiency, lower costs and manage infrastructure more effectively. China's Ministry of Industry and Information Technology released its 12^th Five-Year Development Plan in 2012, with the goal of scaling  the IoT market to $163 billion by 2020^*.

John Cronin, Executive Chairman of Cyan, commented: "We are pleased to be partnering with Newcapec to provide integrated solutions through combined value. Our aim is to deliver smart metering solutions to enable increased intelligence for both utilities and consumers, and to support energy efficiency, consumption and demand side management initiatives. In addition, we will work together to identify new applications for our combined technology within the IoT and 'Smart Cities' to support the creation of sustainable, viable living spaces with Cyan's integrated platform providing insight and control."

Mr Yang Weiguo, President, Newcapec, commented: "China aims to lead the world in the use of connectivity to consume electricity and other utility services efficiently. Proven by its experience in emerging markets, Cyan's integrated smart energy solutions address the immediate market requirement as well as providing a platform to develop new smart city applications for the future."

^{* http://www.gsma.com/newsroom/wp-content/uploads/16531-China-IoT-Report-LR.pdf}

Enquiries:

Cyan Holdings plc	Tel: [phone]
John Cronin, Executive Chairman	www.cyantechnology.com
Cantor Fitzgerald Europe (Nomad and Broker)	Tel: [phone]
Andrew Craig /  Chris Viggor
Beaufort Securities Limited -Broker	Tel:  [phone]
Jon Belliss
Walbrook PR - Financial PR	Tel:  [phone]
Paul Cornelius/Nick Rome	[e-mail]

About Cyan

Cyan provides a communication platform for energy, lighting and emerging applications in the wider 'Internet of Things' network. Its integrated platform and partner collaborations deliver end-to-end solutions that connect millions of devices and support bidirectional communication with the end customer. Cyan's smart metering and lighting solutions enhance quality of service in emerging regions, through power savings, lower operating costs and increased cost efficiency. Our vision to create improved value through Smart City solutions has provided our customers with the foundation upon which to build incremental services as these markets evolve.

For more information, please visit www.cyantechnology.com.

About Newcapec Electronics Company Limited

Founded in 2000, Newcapec Electronics Co., Ltd. is China's leading provider of smart card applications and overall solutions. Since July 29, 2011, it has become the country's first listed company on GEM (Growth Enterprises Market) board in smart card industry, having a primary listing on the Shenzhen Stock Exchange with stock code of 300248. With over 12 years of smart card system expertise, the company is committed to smart card study and RFID technological innovations to provide a range of solutions for smart card applications in cities, schools, colleges, communities, and also to provide solutions for other sectors of business, including public transportation, sanitation, enterprises, banks and mobile payment. We devote our efforts to manufacturing, researching and developing, integrating smart card system platform software, application software and various smart card terminals, and offering a range of sales and operation service.

The company's corporate headquarters is located in the Zhengzhou High & New Technology Industries Development Zone. As a key National Torch Plan high-tech enterprise as well as a software enterprise with more than 900 employees including 280 professional research and development personnel and 300 after-sales service personnel, the company has 35 branches throughout the country, owns proprietary intellectual property rights including 20 patents and 80 software copyrights. Its self-developed product line covers more than 50 types of smart card with over 300 models. The company introduced and passed international standards, such as ISO9001 quality system certification, ISO14001 environmental system certification, CMMI III certification, obtained Grade 2 system integration certification and AAA highest credit certification, which is recognized throughout the world. Due to its continuous and widespread success in the Chinese market, the company was rewarded with "China RFID Excellent Application Achievement Award" and "National Golden Card Project Golden Ant Award" respectively, named best potential listed enterprise in 2012 by Forbes magazine.

For more information, please visit www.newcapec.net

 

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