Significant Initial Orders in New Territories (6323E)
April 11 2011 - 2:00AM
UK Regulatory
TIDMCYAN
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 Tel: +44 (0) 1954 234 400
Kenn Lamb, CEO
www.cyantechnology.com
Cenkos Securities plc Tel: +44 (0)20 7397 8900
Stephen Keys / Adrian Hargrave
Hansard Communications Ltd Tel: +44 (0)20 7245 1100
Adam Reynolds / Nicholas Nelson
Glossary of Terms:
HPS: High Pressure Sodium
HID: High Intensity Discharge
LED: Light Emitting Diode
This information is provided by RNS
The company news service from the London Stock Exchange
END
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