3rd Sep 2014 07:35
LONDON (Alliance News) - Cyan Holdings PLC said Wednesday that has signed a memorandum of understanding with Innologix Consulting Pvt Ltd to enter into a non-exclusive partnership to develop, market and deploy managed smart metering solutions in India.
Under the terms of the agreement, Cyan and Innologix will work together to identify and tender for smart metering opportunities where the utility customer is seeking a managed service. Innologix will integrate Cyan's Advanced Metering Infrastructure head end software platform with its energy management solutions.
AIM-listed Cyan is an integrated system and software design company which delivers mesh based flexible wireless solutions for utility metering and lighting control.
Innologix Consulting provides energy management solutions that store and maintain meter data using a cloud based offering.
Shares in Cyan Holdings were trading 2.37% lower at 0.371 pence per share Wednesday morning.
By Alice Attwood; [email protected]; @AliceAtAlliance
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Cyanconnode