CYAN Cyanconnode Holdings Plc

Cyan Holdings Plc
26 April 2007


Press Release                                                     26 April 2007


                               Cyan Holdings Plc


                           ("Cyan" or "the Company")


                       China - Electronic Tax collection



Cyan Holdings plc, (AIM: CYAN.L), the fabless semiconductor company specialising
in the development of low powered, configurable microcontroller chips, would
like to inform investors that on the 16 April 2007 at 'The 7th conference and
exhibition of Electronic Tax collection', organised by the Chinese Taxation
Institute, the Director General of the State Administration of Taxation,
announced in his opening speech:



"2007 will be the first year to carry through implementation for the project
Gold Tax Engineering Phase 3"



To the best of our knowledge this is the first announcement of the
implementation of Phase 3 which envisages roll out of tax control terminals
starting in 2007.



Given the delays on this project to date this is a positive announcement of the
start of the final phase of this program commencing deployment of Tax Control
terminals.



In recognition of the importance of this business to Cyan, Kenn Lamb and Paul
Johnson will extend their scheduled visit to China in May to identify the
implications of this announcement for the Company.



                                   -  Ends -



For further information:
Cyan Holdings plc
Kenn Lamb, CEO                                         Tel: +44 (0) 1954 234 400
Andrew Lee, Finance Director
                                                       www.cyantechnology.com


Media enquiries:
Abchurch Communications
Heather Salmond/ Franziska Boehnke                     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 40 people.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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