14th Jul 2016 07:16
LONDON (Alliance News) - Cyan Holdings PLC on Thursday said its has signed a strategic partnership with India's Enzen Global Ltd.
Cyan, which designs mesh-based flexible wireless products used for utility metering and lighting control, said it and Enzen will work on delivering narrowband mesh technology to the internet of things market in Ireland.
No financial details were disclosed on the agreement.
"We are delighted to be working with Enzen in Ireland, a partnership built on our successful relationship with Enzen in India. CyanConnode has established an eco-system of partners in each target market and it is now starting to build partnerships that are global, which will support our expansion into new markets," said John Cronin, Cyan's executive chairman.
Cyan shares were up 0.7% to 0.17 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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