Chinese Lighting Market Update
January 16 2012 - 2:00AM
RNS Non-Regulatory
TIDMCYAN
Cyan Holdings Plc
16 January 2012
Cyan Holdings Plc
("Cyan" or "the Company")
Further Developments in the Chinese Lighting Market
New order for initial 5,000 units of potential 160,000 unit
order
Over 40 customers and prospects
Chinese companies promoting Cyan overseas
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 received a new lighting order taking the
total to more than 40 active lighting customers and prospects in
China.
The new lighting order is for an initial 5,000 units for a total
requirement of 160,000 lamps. These units have already been shipped
as the customer's requirement was urgent. The end customer (based
in Taiwan) expects to start installing after Chinese New Year (with
60,000 lamps to be installed in 2012).
Amongst Cyan's expanding base of existing and prospective
customers, a number have recently completed trials, and Cyan now
expects significant orders as a result. Two further companies have
indicated that they expect to be placing orders for a combined
25,000 units after the Chinese New Year. The organisations that
have recently seen Cyan's product are planning to start trials and
a number of Chinese organisations are currently conducting trials
overseas in new territories, such as Mexico.
This month, a trial will complete in the city of Guangzhou
undertaken by another new customer, which will result in the
replacement of 600 lights as part of a pilot exercise for the city
which requires 20,000 lights. This customer has been working with
Cyan for only four months and has already secured two opportunities
for deployment of Cyan's technology.
Outlook
These examples of customers and prospects provide us with
compelling feedback and huge encouragement. In several cases they
already have contracts and we can verify the numbers, but in every
case we have had extremely positive reactions and we can see that
volumes will accelerate in 2012.
Cyan has recently received the results of a new reliability test
that we undertook on our modules to substantiate warranties made to
Yaming. These results produced a zero failure rate following 1,000
cycles in temperature from -20 to + 80 degrees Celsius to JEDEC
Standard 22-A104-D.
Cyan has a popular, high quality and reliable lighting product
that is rapidly gaining traction in China, and Chinese companies
are successfully promoting lighting products incorporating Cyan
lighting control products in other countries.
Cyan Holdings plc Tel: +44 (0) 1954 234 400
John Read, Chairman
www.cyantechnology.com
----------------------- -------------------------
Cenkos Securities plc Tel: +44 (0)20 7397 8900
NOMAD and Joint Broker
Stephen Keys / Adrian
Hargrave
Tel: +44 (0)20 7101 7070
XCAP Securities plc
Joint Broker
Jon Belliss / Adrian
Kirk
----------------------- -------------------------
Hansard Tel: +44 (0)20 7245 1100
Financial PR
Adam Reynolds / Guy
McDougall
----------------------- -------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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