Chinese Lighting Market Update

RNS Number : 5986V

Cyan Holdings Plc

16 January 2012

 

Cyan Holdings Plc

("Cyan" or "the Company")

Further Developments in the Chinese Lighting Market

      New order for initial 5,000 units of potential 160,000 unit order

      Over 40 customers and prospects

      Chinese companies promoting Cyan overseas

Cyan Holdings plc (AIM:CYAN.L), the integrated system design company delivering mesh based flexible wireless solutions for lighting control, utility metering and industrial telemetry announces that it has received a new lighting order taking the total to more than 40 active lighting customers and prospects in China.

The new lighting order is for an initial 5,000 units for a total requirement of 160,000 lamps. These units have already been shipped as the customer's requirement was urgent. The end customer (based in Taiwan) expects to start installing after Chinese New Year (with 60,000 lamps to be installed in 2012).

Amongst Cyan's expanding base of existing and prospective customers, a number have recently completed trials, and Cyan now expects significant orders as a result. Two further companies have indicated that they expect to be placing orders for a combined 25,000 units after the Chinese New Year. The organisations that have recently seen Cyan's product are planning to start trials and a number of Chinese organisations are currently conducting trials overseas in new territories, such as Mexico.

This month, a trial will complete in the city of Guangzhou undertaken by another new customer, which will result in the replacement of 600 lights as part of a pilot exercise for the city which requires 20,000 lights. This customer has been working with Cyan for only four months and has already secured two opportunities for deployment of Cyan's technology.

Outlook

These examples of customers and prospects provide us with compelling feedback and huge encouragement. In several cases they already have contracts and we can verify the numbers, but in every case we have had extremely positive reactions and we can see that volumes will accelerate in 2012.

Cyan has recently received the results of a new reliability test that we undertook on our modules to substantiate warranties made to Yaming. These results produced a zero failure rate following 1,000 cycles in temperature from -20 to + 80 degrees Celsius to JEDEC Standard 22-A104-D.

Cyan has a popular, high quality and reliable lighting product that is rapidly gaining traction in China, and Chinese companies are successfully promoting lighting products incorporating Cyan lighting control products in other countries.

Cyan Holdings plc John Read, Chairman www.cyantechnology.com	Tel: [phone]
Cenkos Securities plc NOMAD and Joint Broker Stephen Keys / Adrian Hargrave XCAP Securities plc Joint Broker Jon Belliss / Adrian Kirk	Tel: [phone] Tel: [phone]
Hansard Financial PR Adam Reynolds / Guy McDougall	Tel: [phone]

 

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