Result of AGM
April 18 2006 - 8:30AM
UK Regulatory
RNS Number:5938B
Cyan Holdings Plc
18 April 2006
Press Release 18 April 2006
Cyan Holdings plc
Result of AGM
Cyan Holdings Plc ("Cyan", the "Company" or the "Group"), the fabless
semiconductor company specialising in the development of low power consumption,
configurable microcontroller chips, confirms that all the resolutions put to
shareholders at the Company's Annual General Meeting held today were duly
passed. The presentation given this morning to shareholders is available on the
Company's website: www.cyantechnology.com
- ends -
For further information:
Cyan Holdings plc
Paul Johnson, Chief Executive Officer Tel: +44 (0) 1954 234 400
www.cyantechnology.com
Collins Stewart Limited
Stephen Keys, Corporate Finance Tel: +44 (0) 20 7523 8312
www.collins-stewart.com
Media enquiries:
Abchurch Communications
Heather Salmond Tel: +44 (0) 20 7398 7700
heather.salmond@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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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