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

Recommended

Ocado faces a “crunch” year – should you buy or avoid?
Share tips

Ocado faces a “crunch” year – should you buy or avoid?

Ocado was one of the big winners from the pandemic as customers moved online. But now it’s struggling, and losses are growing. So, asks Rupert Hargrea…
27 May 2022
What to buy as the tech-stock bull market crashes
Tech stocks

What to buy as the tech-stock bull market crashes

The decade-long bull market in tech stocks has come to a rapid halt. Investors need to distinguish solid stocks from speculative ones rather than just…
27 May 2022
Share tips of the week – 27 May
Share tips

Share tips of the week – 27 May

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
27 May 2022
Marks & Spencer shares look cheap – should you buy in?
Retail stocks

Marks & Spencer shares look cheap – should you buy in?

Marks & Spencer shares have been a disappointment for investors for two decades. But with the company now on something of a comeback, Rupert Hargreave…
25 May 2022

Most Popular

The world’s hottest housing markets are faltering – is the UK next?
House prices

The world’s hottest housing markets are faltering – is the UK next?

As interest rates rise, house prices in the world’s most overpriced markets are starting to fall. The UK’s turn will come, says John Stepek. But will …
23 May 2022
The Federal Reserve wants markets to fall – here’s what that means for investors
Stockmarkets

The Federal Reserve wants markets to fall – here’s what that means for investors

The Federal Reserve’s primary mandate is to keep inflation down, and lower asset prices help with that. So, asks Dominic Frisby – just how low will st…
25 May 2022
Scottish Mortgage Investment Trust has fallen hard. But is now the time to buy?
Investment trusts

Scottish Mortgage Investment Trust has fallen hard. But is now the time to buy?

After a spectacular couple of decades, the Scottish Mortgage Investment Trust has fallen by almost 45% so far this year. Rupert Hargreaves asks if no…
26 May 2022