RNS Number : 4554V
  Cyan Holdings Plc
  29 May 2008
   

    
 Press Release  29 May 2008

    Cyan Holdings Plc

    ("Cyan" or "the Group")

    Indian order received 
    Further information re:- Mouser Electronics

    Cyan Holdings Plc (AIM: CYAN.L), a fabless semiconductor company providing configurable application software and production ready
modules based on feature rich, low power, microcontroller chips, is delighted to announce it has received an order of 5,000 units, together
with an indicative forecast for 40,000 microcontroller chips to be delivered in the next 12 months. The order is from a major corporate
client based in India. The Group has already received small initial orders of up to 1,000 chips from this customer over the past few months
but the current order and forecast from the distributor is indicative of the project moving to deployment. 

    The devices will be used for vehicle tracking using GPS, enabling logistics optimisation within fleet management. 

    Kenn Lamb, CEO of Cyan, said: "We believe that this order and forecast clearly demonstrates further progress against the 18 month
turnaround programme we outlined at the time of the placing last year and hence is further validation of our new strategy."

    The Group is also pleased to report that further to the announcement on 25th April 2008 that Mouser Electronics Inc had signed a global
distribution agreement with the company, it has now received an initial stocking order of US$22,500 to initiate the agreement.

     - Ends -

    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
 Nick Ellis / Oliver Quarmby          Tel: +44 (0) 20 7523 8350
 Corporate Finance
                                        www.collins-stewart.com

 Abchurch Communications              Tel: +44 (0) 20 7398 7700
 Heather Salmond / Jack Ballantyne    Tel: +44 (0) 20 7398 7714
 jack.ballantyne@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 SolvedTM" 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
CyanIDETM. 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
 
  END 
 
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