Cyan Holdings shares rise on India pilot

Software design company Cyan Holdings on Monday said one of its manufacturing partners has started a pilot with a large public utility in north India.

Software design company Cyan Holdings on Monday said one of its manufacturing partners has started a pilot with a large public utility in north India.

Shares in the company rose 4.38% to 0.72p after the group revealed its flexible wireless technology CyLec was being deployed with the utility for the first time.

The utility runs the power distribution and retail supply business in the north of the country, servicing about 2.0m domestic and more than 300,000 non-domestic/light industrial customers in 11 districts.

Cyan has also been chosen to participate in Web Mission 2013, a trade mission to Bangalore and New Delhi supported by the Technology Strategy Board and UK Trade & Investment (UKTI).

"We are delighted that one of our key strategic partners has implemented a further pilot in India, demonstrating an additional step in the adoption of CyLec as a standard for smart electricity metering across India," Executive Chairman, John Cronin, said.

"We are also encouraged that Cyan has been chosen to participate in this technology trade mission to India, supported by the UKTI."

RD

Most Popular

The MoneyWeek Podcast: Asia, financial repression and the nature of capitalism
Economy

The MoneyWeek Podcast: Asia, financial repression and the nature of capitalism

Russell Napier talks to Merryn about financial repression – or "stealing money from old people slowly" – plus how Asian capitalism is taking over in t…
16 Jul 2021
Commodity supercycle or not, here’s a metal that’ll still be in demand – tin
Industrial metals

Commodity supercycle or not, here’s a metal that’ll still be in demand – tin

Commodity prices may have come off the boil recently. But for tin, the only way is up. Dominic Frisby picks the best ways to invest.
7 Jul 2021
Three companies that are reaping the rewards of investment
Share tips

Three companies that are reaping the rewards of investment

Professional investor Edward Wielechowski of the Odyssean Investment Trust highlights three stocks that have have invested well – and are able to deal…
19 Jul 2021