Cyan Holdings plc is listed on the AIM market in London and is based in Cambridge UK. The company has two subsidiaries; Cyan Technology Ltd (a company registered in England and Wales) provides smart energy solutions for the utility and lighting markets and Cyan Asia Limited (a company registered in Hong Kong) is a sales office for marketing these solutions across Asia.
The company was founded in 2002 and listed on AIM in 2005. Cyan Holdings plc operates through the brand ‘Cyan’
The request was made by the Tamil Nadu Electricity Board, which plans to replace 18 million old meters with devices that can be automatically read.
Cyan provides the backbone wireless technology and software that allows units to communicate.
Chairman John Cronin said: "We are delighted that three further Cyan partners have been formally requested to enter the pilot stage of the tender, bringing the current total number of Cyan partners at this stage in the process to four.
“All indications are that Cyan's partners are in a very strong position and we look forward to updating shareholders with further developments when we can."
Companies bidding for the tender have to demonstrate the suitability of their meters in terms of performance, communication and networking capabilities.