Cyan Technology, an integrated system and software design company delivering mesh based flexible wireless solutions for utility metering and lighting control, has won a smart metering order from a Tier 1 utility company through Brazilian partner Nobre. The order is for 1,000 CyLec retrofit modules, 25 CyLec Data Concentrator Units and other smart meter components to fulfil Nobre’s commitment to manufacture and stock enough bespoke retrofit units for its planned pilots with Tier 1 Brazil utilities, as well as enable them to fulfil smaller orders on short notice across the country.
According to Cyan Technology, Nobre has deployed its first smart electricity meter pilot project early this year for a Tier 1 utility in Brazil, which has over two million consumers and subsequently In August this year completed a second pilot with another Tier 1 utility, with six million consumers.
John Cronin, Executive Chairman, Cyan Technology
I am pleased to announce an order from Cyan’s metering partner in Brazil. Like many other emerging economies, Brazil has a high rate of non-technical distribution losses. To address these losses and to enable the utilities to manage the rapidly growing economy, the Brazilian government has set a target of replacing all 63 million2 existing meters with smart meters. This represents a substantial market opportunity for Cyan and an initial order underpins anticipated growth during 2015, led by our new Vice President, Mark Coyle.
João Nelson de la Torre, Executive Director, Nobre
Following the development and successful pilot evaluation of our retrofit smart metering solution by customers, a number of meter manufacturers have requested that we integrate CyLec technology with their products. We are now ready to commence with an initial build of Nobre and CyLec retrofit solutions at our third party contract manufacturer.
