Cyan Holdings Plc
31 August 2006
Press Release 31 August 2006
Cyan Holdings Plc
('Cyan' or 'the Company')
Cyan becomes a multi-product company
Cyan Holdings Plc (AIM: CYAN.L), the fabless semiconductor company specialising
in the development of low power consumption, configurable microcontroller chips,
announces today that is has expanded its product range with the release to
production of eCOG1X. eCOG1X transforms Cyan from a single product company to a
multi-product company with 33 products and enable Cyan to capture further design
wins in a number of new markets. The eCOG1X triples the computing performance of
the eCOG1k which continues in production for ultra low power applications.
Cyan has already secured 14 design wins for the eCOG1X including ePOS and
Telematics applications with additional opportunities in security, access
control, pay phones, consumer and networking. These initial design wins are
likely to total about 250,000 units per annum when all are in full production at
projected annual run rates. In addition there are a further 18 opportunities of
over 50,000 units per annum that could result in 3.5 million units per annum at
full projected annual run rates. The unit selling price for eCOG1X products
ranges from $4 to $10.
Paul Johnson, CEO of Cyan, commented: 'We are delighted to go into production
with eCOG1X and expect revenues in 2007. We can now offer our customers a range
of microcontrollers, all providing lower power consumption, with the eCOG1X
tripling the computing performance of the eCOG1k. This will enable the Company
to respond to future market demands and takes the Company to the next stage of
its corporate development.'
- ends -
For further information:
Cyan Holdings plc
Paul Johnson, Chief Executive Officer Tel: +44 (0) 1954 234 400
www.cyantechnology.com
------------------------
Collins Stewart Limited
Simon Atkinson, Corporate Finance Tel: +44 (0) 20 7523 8350
www.collins-stewart.com
--------------------------
Media enquiries:
Abchurch Communications
Heather Salmond / Franziska Bohnke Tel: +44 (0) 20 7398 7700
franziska.boehnke@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.
CyanIDE and eCOG are registered trade marks of Cyan Holdings plc.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.