Cyan, the integrated system and software design company delivering mesh based flexible wireless solutions for utility metering and lighting control, announces that it has won the 2014 Europe Frost & Sullivan award for Technology Innovation Leadership in developing a smart metering technology for the power sector in emerging economies.
Each year, Frost & Sullivan presents this award to the company that has demonstrated uniqueness in developing and leveraging new technologies, which significantly impacts both the functionality and the customer value of the new products and applications. The award lauds the high R&D spend toward innovation, its relevance to the industry and the positive impact on brand perception.
Frost & Sullivan Best Practices awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.
John Cronin, Executive Chairman commented: "Cyan's strategy of partnering with local smart metering vendors was independently recognised by Frost & Sullivan as a highly effective method of commercialising its technology in emerging markets. Our recent experience has proven this, with the announcements of commercial deployments for Tata Power and Essel Utilities, through consortia, for Cyan's CyLec smart metering solutions in India. We are committed in our focus on emerging regions and appreciate Frost & Sullivan's recognition of our innovative technology in this arena."
"CyLec has already demonstrated its practicality in India and Brazil, and has proven to be compatible with the existing static meters in these countries," said Frost & Sullivan Senior Research Analyst Avimanyu Basu. "The retrofitting is achieved with the help of a compact retrofit module that connects with the existing communications interface on the meter."
Cyan's smart metering technology is available as both an integrated and retrofit solution. It supports interoperability by enabling disparate meter communication protocols from various manufacturers to be integrated into an 'open system'. This is particularly important in emerging regions that are experiencing fast growth, as it ensures utilities have a reliable supply chain and are able to negotiate competitive pricing. The Open Meter Protocol can be customised to the requirements of the local utilities and support real-time monitoring through wireless mesh networks.
"The company has directed its efforts toward providing solutions in the most cost-effective way, with the help of effectual demand forecasting, demand-side management and accurate billing," noted Basu. "Cyan's efforts will go a long way in helping end users accrue cost savings through its meter retrofit solution, and utilities reduce AT&C losses."
In countries such as India, 27%* of the generated power is lost during transmission, distribution and commercial issues including tamper and theft, so optimising the system by reducing losses can provide a significant boost to the economy. It will also allow utility companies to invest in the improvement of infrastructure, which will bring the outlying areas that are without service into the grid network. Cyan envisions that in the next five years, smart grid technology will help to address aggregate technical and commercial (AT&C) losses and completely eliminate load shedding.
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14 June 2017