Significant Initial Orders in New Territories

RNS Number : 6323E

Cyan Holdings Plc

11 April 2011

 



11 April 2011 

Cyan Holdings plc

("Cyan" or the "Company")

Significant Initial Orders in New Territories

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, is pleased to announce two new orders that will see Cyan's 'CyLux' lighting control systems installed in two new geographical regions and market segments for the Company.

As part of today's agreement, Cyan has received an initial order for 10,000 units of CyLux, which the Company understands will be installed in a new vapour sealed HID lighting product to be used on gas and oil installations in India and the Middle East.

In addition, Cyan has received the first order for a CyLux installation in Europe.  LED lighting, monitored and controlled by CyLux wireless lighting control systems, is to be installed into a road tunnel in Italy.

CyLux is suitable for new lighting installations or can be retrofitted to existing systems. Indeed, through two of Cyan's partner companies, CyLux modules are being installed into ballasts for HID and HPS lights as well as drivers for LED lights. This eases the adoption of CyLux monitoring and control for lighting manufacturers as they can now simply install 'Cyan-Inside' ballasts or drivers to make CyLux enabled lighting products. The Company believes this factor will lead to a rapid rise in CyLux shipments.

Kenn Lamb,CEO, Cyan commented:

"These customers are installing our products within early stage projects and we expect high levels of follow on orders as their projects unfold. Initial orders, therefore, represent a small fraction of the much larger opportunity with each new customer".

"Today's announcement is significant in that it is taking us into new world markets beyond our existing reach as a business; principally Asia.  It is pleasing to see our hard work leading to expansion into other geographical regions, which could well be the turning point for the Company".

Enquiries:

Cyan Holdings plc Kenn Lamb, CEO www.cyantechnology.com	Tel: [phone]
Cenkos Securities plc Stephen Keys / Adrian Hargrave	Tel: [phone]
Hansard Communications Ltd Adam Reynolds / Nicholas Nelson	Tel: [phone]

Glossary of Terms:

HPS: High Pressure Sodium

HID: High Intensity Discharge

LED: Light Emitting Diode

 

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