Strategic Agreement with Chinese Lighting Company (9201Q)
October 27 2011 - 2:00AM
UK Regulatory
TIDMCYAN
RNS Number : 9201Q
Cyan Holdings Plc
27 October 2011
27 October 2011
Cyan Holdings Plc
("Cyan" or "the Company")
Strategic Agreement with Shanghai Yaming Lighting Company
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
announces that it has signed a strategic partnership agreement with
the Shanghai Yaming Lighting Co., Ltd 'Yaming'.
Yaming is a well respected and long established lighting company
that claims to be the largest manufacturer of Street Lighting sold
in China. Established in 1923, Yaming has 87 years of experience in
lighting development and has several subsidiary companies and
operates as part of several joint ventures.
A new Yaming EMC (Energy Management Contract) company has been
seeking a wireless control partner for its HPS (High Pressure
Sodium) and HID (High Intensity Discharge) and LED Lighting
Products. Cyan has been chosen by Yaming to be that partner.
Yaming's long history, the size of the company and its
reputation for quality puts Yaming in a strong position to win
future EMC lighting contracts across China, and Cyan is delighted
that Yaming has selected Cyan's CyLux lighting control
technology.
Yaming has already purchased a number of CyLux controllers that
have been installed in Yaming lights for a pilot installation used
to demonstrate the working product to municipality officials. Other
controllers have been purchased so that the entire assembly can be
put through accelerated life tests and meet Yaming quality
standards. These products are scheduled to commence production
shipments in February 2012.
Cyan has signed an agreement to co-operate in the addition of
further customer requested features into the Cyan lighting
management system and to modify the graphics to feature Yaming
Branding.
Kenn Lamb, CEO of Cyan Holdings Plc commented:
"We have worked hard for some time to secure this strategic
partnership, as we believe that it positions us well for future
growth in the Chinese street lighting market. Yaming is likely to
be awarded a significant portion of future EMC's and, as such, we
look forward to Yaming winning large contracts for its wireless
lighting control product. Yaming's selection of Cyan is expected to
have a positive influence on other companies seeking a wireless
lighting control solution."
Cyan Holdings Plc Tel: +44 (0) 1954 234 400
Kenn Lamb, CEO
www.cyantechnology.com
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Cenkos Securities Plc Tel: +44 (0)20 7397 8900
NOMAD and Joint Broker
Stephen Keys / Adrian Hargrave
XCAP Securities Plc Tel: +44 (0)20 7101 7070
Joint Broker
Jon Belliss / Adrian Kirk
------------------------------- -------------------------
Hansard Tel: +44 (0)20 7245 1100
Financial PR
Adam Reynolds / Guy McDougall
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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