China shipment
Cyan Holdings Plc
13 April 2006
Press Release 13 April 2006
Cyan Holdings Plc
('Cyan' or 'the Group')
Cyan announces China shipment
Cyan Holdings Plc (AIM: CYAN.L), the fabless semiconductor company specialising
in the development of low power consumption, configurable microcontroller chips,
is pleased to announce that the first volume shipment to our Chinese customer
was made on the 12th April 2006. This initial shipment of 17,500
microcontrollers from an order for 100,000 units to be delivered by the end of
June 2006 is the first volume shipment made by the company and is in line with
the timetable reported to shareholders at the time of the preliminary results
announcement. Our customer is manufacturing government tax control POS
terminals, a market which is estimated to require in excess of 30 million units
in China.
Paul Johnson, CEO of Cyan, commented: 'This first shipment to China offers
validation for our quality microcontrollers and further endorses our decision to
expand throughout Asia from our Hong Kong base.'
- ends -
For further information:
Cyan Holdings plc
Paul Johnson, Chief Executive Officer Tel: +44 (0) 1954 234 400
www.cyantechnology.com
Collins Stewart Limited
Stephen Keys, Corporate Finance Tel: +44 (0) 20 7523 8312
www.collins-stewart.com
Media enquiries:
Abchurch Communications
Heather Salmond / Dana Thomas Tel: +44 (0) 20 7398 7700
heather.salmond@abchurch-group.com www.abchurch-group.com
Notes to Editors
Cyan Holdings plc is a fabless semiconductor company which specialises in the
design, sale and support of a range of 16-bit and 32-bit general-purpose low
power, high performance microcontroller chips ('MCUs'). These chips are
integral components used in nearly all electronic products, ranging from mobile
phones and washing machines to toys, televisions and motorcars. Consumer
entertainment markets require more powerful processors and are usually based on
32-bit chips which Cyan is developing to serve this market segment. Cyan
operates in a $14 billion worldwide market for microcontrollers, which is poised
to grow to $20 billion by 2010. Cyan has identified Europe and South East Asia
as the largest markets for its products, and as such aims to have 1% of the
microcontroller market within 5 years.
Originally Cyan was a spin out from Cambridge Consultants Limited to use its
16-bit core, the same core used in CSR's Bluetooth chips. Since Cyan was
founded in 2002, it has achieved 100 design wins for its initial eCOG1(R)k
product and is expanding the range of the patent-protected eCOG1(R) family and
introducing a new range of 32 bit microcontrollers.
Cyan has introduced design integration support software, CyanIDE(R), to support
the Company's entire range of current and future microcontrollers. The software
makes chip integration into customers' products vastly more simple, quick,
reliable and hence less expensive while dramatically reducing development time.
Cyan created CyanIDE(R) to avoid relying on standard tools from third party
suppliers.
The company is headquartered in Cambridge, UK and opened a sales and technical
support office in Hong Kong in May 2005 which services the Chinese market. Cyan
employs 32 people.
This information is provided by RNS
The company news service from the London Stock Exchange
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