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 Memorandum of Understanding with Innologix Consulting Pvt Ltd (“Innologix”) to enter into a non-exclusive partnership to develop, market and deploy managed smart metering solutions in India.
Cyan and Innologix will work in partnership 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 (“AMI”) Head End Software platform with its energy management solutions.
Innologix provide innovative energy management solutions that store and maintain meter data using a cloud based offering, which results in a cost effective managed service for utilities.
John Cronin, Executive Chairman at Cyan, commented: “We are pleased to be partnering with Innologix to offer managed CyLec AMI solutions across India. Innologix centralises business critical systems, providing utilities with the high resiliency and secure infrastructure required for revenue assurance.
“We continue to strengthen our presence across India and this partnership will further help us extend our reach. We are always looking for innovative ways to grow our customer base and this collaboration ensures that we remain well-placed to build our position in an increasingly important region.”
Atul Agrawal, CEO & Founder at Innologix Consulting, commented: “We look forward to offering Cyan’s market leading AMI technology as a managed service. Our cost effective, cloud computing service will deliver the latest technology without the investment in infrastructure or the running costs required to host and manage a system in-house.”