Order Update

RNS Number : 1427T

Cyan Holdings Plc

15 November 2013

 

 15 November 2013

Cyan Holdings plc

("Cyan" or the "Company")

Order Update

Cyan Holdings plc (AIM:CYAN.L), the integrated system and software design company delivering wireless solutions for utility metering and  lighting control, provides the following order update.

On 24 December 2012, Cyan notified shareholders that an order from a major metering customer in India (originally announced in May 2012 and exceeding $1m) would be fulfilled in 2013 due to delays in the TNEB tender process.

Due to the continued delays in the TNEB tender process, the customer has informed Cyan that their order will be carried forward into the new calendar year and that they are optimistic that they will require delivery in 2014, although this remains contingent on the TNEB tender and their participation therein.

Enquiries:

Cyan Holdings plc John Cronin, Chairman www.cyantechnology.com	Tel: [phone]
Allenby Capital Limited Nominated Adviser and Joint Broker Jeremy Porter Mark Connelly	Tel: [phone]
XCAP Securities plc Joint Broker Jon Belliss	Tel: [phone]
Walbrook PR Financial PR Paul Cornelius	Tel: [phone]

 

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