Cyan Wins Innovation of the Year Award Recognised by industry leaders at top UK event
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 won the Innovation of the Year Award 2015 at the 6th annual Smart Energy UK & Europe Awards for its CyLec® smart metering solution designed for the power sector in next-generation economies.
Judges felt that Cyan had contributed greatly to the formation of Advanced Metering Infrastructure by enabling wireless data transmission to utilities. Cyan’s CyLec solution is based on its wireless mesh networking platform, enabling the measurement and control of energy consumption for the metering market, supporting the reduction of energy losses as well as revenue assurance.
John Cronin, Executive Chairman for Cyan, commented: “It is a great honour to receive this prestigious award in recognition of Cyan’s innovation in next-generation smart grids, empowering consumers to manage their energy consumption. We are very proud of the progress we have made within these markets, and optimistic about the future of smart metering in fast-growing economies. We have worked hard to create innovative solutions tailored to the specific environmental and economic conditions in which they are deployed and is great to see our hard work recognised by such a respected institution.”
The European Smart Metering Awards are an initiative of Oliver Kinross aimed at recognising the achievements of solution providers and utilities. All award entries were assessed and judged upon by an independent panel of industry experts from utility companies across Europe.
The awards were presented at the 6th Smart Energy UK & Europe Awards (formerly known as the Smart Metering UK & Europe Summit), Europe’s leading gathering for Smart Metering, Utilities and Grids professionals from around the world.
John Cronin, Executive Chairman
Tel: +44 (0) 1954 234 400
Cantor Fitzgerald Europe – Nomad and Broker
Andrew Craig / Richard Salmond
Tel: +44 (0)207 894 7000
Beaufort Securities Limited – Joint Broker
Tel: +44 (0) 207 382 8300
Walbrook PR – Financial PR
Paul Cornelius / Nick Rome
Tel: +44(0) 20 7933 8780
CyanConnode is a world leader in narrowband RF mesh networks that enable Omni IoT communications. Cyan’s Ultimesh provides narrowband RF mesh network, optimised for exceptional performance and total cost of ownership and Connode’s Panmesh delivers standards-based IPv6 solutions, enabling rapid innovation for the implementation of third party applications. The Group provides customers with the flexibility and choice required to converge networks for applications in smart cities and IoT, delivering increased customer value.
For more information, please visit www.cyanconnode.com.
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.