Cyan Holdings, Enzen in Irish collaboration
AIM-listed Cyan Holdings said it has signed a strategic partnership agreement with Enzen Global to collaborate to deliver expertise in narrowband mesh technology to the Internet of Things (IoT) market in Ireland.
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“This agreement will provide combined value to support Smart Energy, Smart Cities and IoT in the Irish market. CyanConnode's communication platform will enable Enzen to deliver Metering as a Service (MaaS), offering utilities an outsourced smart metering solution and reduced costs," Cyan said in a statement.
Cyan will provide hardware and its Head End Software on a recurring revenue basis and Enzen will provide system integration to deliver this MaaS model.
Ireland's Commission for Energy Regulation is operating a National Smart Metering Programme with a target to install 80% of the required smart meters in the Republic of Ireland by 2020.
The Irish utility, ESB Networks, has issued a contract notice to deliver 2.2m smart meters in the Republic of Ireland.
Enzen will submit a bid based on CyanConnode's Ultimesh™ narrowband mesh solution for the ESB Networks tender, of which the communications Request For Proposal is expected in Q3 2016.
Cyan executive chairman John Cronin said: "We are delighted to be working with Enzen in Ireland, a partnership built on our successful relationship with Enzen in India. CyanConnode has established an eco-system of partners in each target market and it is now starting to build partnerships that are global, which will support our expansion into new markets."