Indian order received

RNS Number : 4554V

Cyan Holdings Plc

29 May 2008

 



Press Release

29 May 2008

Cyan Holdings Plc

('Cyan' or 'the Group')

Indian order received 

Further information re:- Mouser Electronics

Cyan Holdings Plc (AIM: CYAN.L), a fabless semiconductor company providing configurable application software and production ready modules based on feature rich, low power, microcontroller chips, is delighted to announce it has received an order of 5,000 units, together with an indicative forecast for 40,000 microcontroller chips to be delivered in the next 12 months. The order is from a major corporate client based in India. The Group has already received small initial orders of up to 1,000 chips from this customer over the past few months but the current order and forecast from the distributor is indicative of the project moving to deployment. 

The devices will be used for vehicle tracking using GPS, enabling logistics optimisation within fleet management. 

Kenn Lamb, CEO of Cyan, said: 'We believe that this order and forecast clearly demonstrates further progress against the 18 month turnaround programme we outlined at the time of the placing last year and hence is further validation of our new strategy.'

The Group is also pleased to report that further to the announcement on 25th April 2008 that Mouser Electronics Inc had signed a global distribution agreement with the company, it has now received an initial stocking order of US$22,500 to initiate the agreement.

 - Ends -

For further information:

Cyan Holdings plc
Kenn Lamb, CEO	Tel: [phone]
Andrew Lee, Finance Director
	www.cyantechnology.com
Collins Stewart Europe Limited
Nick Ellis / Oliver Quarmby	Tel: [phone]
Corporate Finance
	www.collins-stewart.com
Abchurch Communications	Tel: [phone]
Heather Salmond / Jack Ballantyne	Tel: [phone]
[e-mail]	www.abchurch-group.com

Notes to Editors

Based in Cambridge in the UK, Cyan Holdings plc is a fabless semiconductor company specializing in the development of applications solutions collectively known as 'Cy SolvedTM' which are built upon the company's low powered, configurable eCOG1k and eCOG1x  microcontroller chips.

Cy-Solved incorporates ready to go solutions, software stacks, applications examples, modular software based on easy to use APIs, evaluation boards and production hardware modules from partners, all pulled together through Cyan's free integrated development environment CyanIDETM. Cy-Solved can be incorporated as-is into an application but also supports an ability to be easily customised - either way, giving users a head start on the road to market. Currently available Cy-Solved applications include RF-Solved, USB-Solved, Ethernet-Solved and Motor Control-Solved.

The Company was founded in 2002 and listed on AIM in 2005 Cyan Holdings plc operates through the brand 'Cyan'.

Website: http://www.cyantechnology.com

 

END

 

 

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