Cyan Holdings has signed a development, marketing and deployment agreement with Egyptian smart meter specialist El Sewedy to target both the Indian market and elsewhere.
El Sewedy and Cyan will tender for a number of smart metering projects in India and other markets with CyLec, Cyan's smart metering technolgy, to be integrated with El Sewedy's single-phase smart meters.
The meters will support the Open Meter Protocol (OMP), an open standard for real-time monitoring and control over wireless mesh networks.
El Sewedy, which already supplies meters into 20 countries and in Europe under the Iskraemeco brand, generated revenues in 2013 of E15bn (1.2bn).
John Cronin, Cyans executive chairman, said: "We are very pleased to be partnering with El Sewedy to provide smart metering technology to their customers in India and other markets. This partnership will also increase the number of qualified meter manufacturers in India using OMP as standard.
"As the Indian market moves to commercial deployments, Cyan is well positioned to support open standards for meter and communication protocols, which is imperative to ensure customers can achieve cost efficiencies and benefit from technological advances."
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12 December 2017