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 12th 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.”
John Cronin, Executive Chairman
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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.
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