Cyan exploits lifting of trade sanctions on Iran
Smart metering and lighting technology business Cyan has won a landmark contract in Iran.
The Cambridge UK company reports the receipt of an initial purchase order from telecoms contractor Micromodje for a 2,000 unit smart metering implementation, which will be fitted into street traffic cameras.
The initial order is worth £67,000 with an upfront payment of £50,000. It involves delivery of Cyan’s CyLec Advanced Metering Infrastructure solution, which includes RF modules, data concentrator units, head-end software licences, software installation services and an annual software maintenance agreement.
The order was placed only a couple of weeks after international sanctions were lifted on Iran and is believed to be one of the first orders secured by a UK business; the company received support from the UK Trade & Investment.
The first units were delivered at the start of last week and were successfully deployed in a two-day period for a proof of concept to measure the energy consumption of the street cameras.
The technology has been installed on a Micromodje server in Iran and the Cyan end to end solution is providing meter readings every 30 minutes as well as the ability to connect/disconnect supply.
The proof of concept had to be ready for a demonstration to government officials as part of the Victory Day of the Iranian Revolution celebrations in Tehran today.
Micromodje is a system integrator with a wealth of experience in delivering solutions for government contracts and has recently been expanding its core capabilities to include the emergent Internet of Things connectivity markets.
Micromodje and Cyan have now started talks on a larger purchase order for smart electricity metering solutions to be deployed within Iran. The Iran Government estimates that 33 million smart electricity meters will be required.
Cyan executive chairman John Cronin (pictured above) said: “We are delighted to be partnering with Micromodje in Iran, particularly at this historic time following the lifting of economic sanctions against Iran in January.
“The combined Cyan team from India and the UK exceeded the customer’s expectations by deploying the proof of concept pilot in only two days.”