John Cronin, Executive Chairman, Cyan

Cambridge, U.K. --- (METERING.COM) --- January 17, 2013 - A recent forecast that smart utility meters will account for half of all global meter market revenues by 2016 is encouraging news for Cyan, the company has said in a statement.

In particular, the study by IMS Research indicated that Asian markets are also moving towards communicating utility meters, a trend that is expected to continue in the coming years – and a prediction that is of particular interest to Cyan, which has its CyLecsmart metering solution for utilities deployed in multiple projects throughout India.

Among these the company is involved in the Tamil Nadu Electricity Board (TNEB) automatic meter reading (AMR) pilot project in Tiruchchirappalli(Trichy) in the state of Tamil Nadu.  

Cyan is also participating in a high profile smart grid pilot in Puducherry, through one of its partners. The project is being led by the Power Grid Corporation of India Limited (PGCIL), and involves installing an advanced metering infrastructure (AMI) solution in houses throughout Puducherry to support the electricity department’s objective to save power. Cyan’s metering partner has deployed CyLec enabled meters in Puducherry for evaluation by PGCIL.

Cyan is also involved in an AMI pilot project for a leading integrated power company in Mumbai through one of its strategic partners.  

“In recent months we have seen how the Indian market is gearing up for large scale deployment of AMI,” said John Cronin, Executive Chairman of Cyan. “Our involvement in a number of pilot projects in India demonstrates the capabilities of our CyLec solution.We are confident that Cyan is well positioned to meet the growing demand for smart metering solutions in India and worldwide.”