Strategic Agreement with Chinese Lighting Company

RNS Number : 9201Q

Cyan Holdings Plc

27 October 2011

 



27 October 2011

Cyan Holdings Plc

("Cyan" or "the Company")

Strategic Agreement with Shanghai Yaming Lighting Company

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 signed a strategic partnership agreement with the Shanghai Yaming Lighting Co., Ltd 'Yaming'.

Yaming is a well respected and long established lighting company that claims to be the largest manufacturer of Street Lighting sold in China. Established in 1923, Yaming has 87 years of experience in lighting development and has several subsidiary companies and operates as part of several joint ventures.

A new Yaming EMC (Energy Management Contract) company has been seeking a wireless control partner for its HPS (High Pressure Sodium) and HID (High Intensity Discharge) and LED Lighting Products. Cyan has been chosen by Yaming to be that partner.

Yaming's long history, the size of the company and its reputation for quality puts Yaming in a strong position to win future EMC lighting contracts across China, and Cyan is delighted that Yaming has selected Cyan's CyLux lighting control technology.

Yaming has already purchased a number of CyLux controllers that have been installed in Yaming lights for a pilot installation used to demonstrate the working product to municipality officials. Other controllers have been purchased so that the entire assembly can be put through accelerated life tests and meet Yaming quality standards. These products are scheduled to commence production shipments in February 2012.

Cyan has signed an agreement to co-operate in the addition of further customer requested features into the Cyan lighting management system and to modify the graphics to feature Yaming Branding.

 Kenn Lamb, CEO of Cyan Holdings Plc commented:

"We have worked hard for some time to secure this strategic partnership, as we believe that it positions us well for future growth in the Chinese street lighting market. Yaming is likely to be awarded a significant portion of future EMC's and, as such, we look forward to Yaming winning large contracts for its wireless lighting control product. Yaming's selection of Cyan is expected to have a positive influence on other companies seeking a wireless lighting control solution."

Cyan Holdings Plc Kenn Lamb, CEO 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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