UK-based smart meter communication company Cyan Technology and Egyptian meter manufacturer El Sewedy Electrometer have signed a letter of intent with a West African utility in a deal that could result in savings of US$150 million over a 10-year period.
The prediction is based on a deployment of 200,000 smart meters using radio mesh communications and is a key element of a letter of intent signed between El Sewedy and Cyan for the deployment at an undisclosed West African utility.
The contract, which will allow for batches of meters to be despatched over a three-year period, does not define timelines or other details, but the contract could be worth up to US$3 million for Cyan.
According to a company release: “The potential order is intended to include 865MHz RF AMI modules, 865 MHz RF In-Home Display modules, Data Concentrator Units, Head-End Server software licenses and a software maintenance contract.”
Cyan's AMI modules will be integrated into the El Sewedy electricity smart meters, along with the Cyan in-home display modules.
The solution will provide for bi-directional communication from the display to the meter and then to the communication network and utility billing systems.
Attempts to contact the utility in question were unsuccessful, but John Cronin, executive chairman of Cyan, commented: “This is a substantial commercial opportunity for Cyan, which also could accelerate entry into other key countries using El Sewedy as a channel to market to their existing and new customers.”
African expansion for metering technology
The news comes as Cyan has firmed up its presence on the African continent.
Last week the company confirmed it has bolstered its entry into the South African market by signing a distribution deal with a local electrical contractor and implementing a proof of concept order.
The Cambridge-headquartered company has added Cape Town-based Adenco to its group of local partners that also includes telecoms provider Vodacom and M2M solutions company XLink Communications.