Pre-Close Trading Update

Cyan Holdings Plc 24 January 2008 Press Release 24 January 2008 Cyan Holdings Plc ('Cyan' or 'the Group') Pre-Close Trading Update & Notice of Results Cyan (AIM: CYAN.L), a fables semiconductor company providing configurable application software and production ready modules based on feature rich, low power, microcontroller chips, today announces an update prior to entering into its close period ahead of the publication of its preliminary results for the twelve months ended 31 December 2007. These results will be announced on Thursday, 27 March 2008. Since the publication of the Group's interim results in September 2007, trading has remained in line with the Directors' expectations. The Board considers that the Group has continued to make solid progress in implementing the new strategic business plan outlined at the time of the fundraising in July 2007. Key points: • All target restructuring activities have been completed either on or ahead of expectations, these include: • a completely new European sales team, • the creation and recruitment of an experienced operations team, • expansion of the marketing team, • significant investment in expanding the software development team and • a restructured Board of Directors. • For Western markets, Cyan has a new market positioning focused on end applications not just MCUs. Cyan now offers user customisable application solutions and not simply components to be used by customers in their designs. Cyan aims to compete at the application level and looks to establish new partnerships to develop application solutions incorporating its microcontroller. • For Asian markets, Cyan has a new entry level product which was released for new designs in Asia earlier this month. This device is less than half the cost of the previous lowest priced Cyan MCU and is pin and functionally compatible with a completely new device to be manufactured by a new foundry partner. In summary, the Group is pleased to announce that the first phase of the turnaround plan has been completed on schedule and Cyan enters 2008 having already started on the second phase of the plan in which the Board expects to announce new product launches and to see early stage sales for products already released to the market. For further information: Cyan Holdings plc Kenn Lamb, CEO Tel: +44 (0) 1954 234 400 Andrew Lee, Finance Director www.cyantechnology.com Collins Stewart Europe Limited Chris Howard / Oliver Quarmby Tel: +44 (0) 20 7523 8350 Corporate Finance www.collins-stewart.com Abchurch Communications Heather Salmond/ Franziska Boehnke Tel: +44 (0) 20 7398 7700 franziska.boehnke@abchurch-group.com 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 Solved(TM)' 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 CyanIDE(TM). 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 This information is provided by RNS The company news service from the London Stock Exchange
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