Appt of Smart Metering Expert as VP Strategy (7104D)

TIDMCYAN

RNS Number : 7104D

Cyan Holdings Plc

21 May 2012

Cyan Holdings plc

("Cyan" or the "Company")

Appointment of Smart Metering Industry Expert

Smart metering industry expert Geoff Sarney appointed as VP Strategy

Cyan Holdings plc (AIM:CYAN.L), the integrated system and software design company delivering mesh based flexible wireless solutions for utility metering and lighting control today announces that smart metering industry expert Geoff Sarney has been appointed as VP Strategy.

Mr. Sarney joins Cyan from Telefonica/O2 where he was Head of Smart Metering/Smart Architecture. In this role, he led Telefonica's Smart Metering Implementation Program as well as building partnerships through the Smart Architecture Alliance Program. Mr. Sarney was a regular presenter at Smart Metering events on behalf of Telefonica and is widely recognised as an industry expert in this domain.

Prior to Telefonica, Mr. Sarney worked for a two year period in China on strategy, clean energy and the smart grid (for China).

From 2001 to 2008, Mr. Sarney worked for Siemens, including three years as Head of M&A, Strategy and Planning for Siemens Energy Services, where he led the smart grid initiative on a global basis.

"We are delighted that Geoff has accepted a senior management position at Cyan" said John Cronin, Executive Chairman. "Geoff is a recognised expert on smart metering and the smart grid on an international basis. He has very broad experience in smart metering and will be instrumental in building out Cyan's network of partnerships. He has experience in China and can speak Mandarin, and will thus also be a considerable asset to Cyan as we deepen our commercial engagements in both lighting and metering in China. In order to ensure that we were in a financial position to attract such a qualified individual we have made adjustments to the operational base of the company. The fact that an individual with the pedigree and experience of Geoff decided to join Cyan at this time speaks volumes about the quality of the Cyan mesh based solutions as well as the commercial opportunities that lay ahead."

Geoff Sarney commented, "I am excited to be joining Cyan at a time when the long investment in the commercial opportunities in India triggers a transformation in terms of customer, market and shareholder perception. We will be building on this base to create a world class, multi-national business at Cyan with a complete service and software offering as well as a network of partnerships. At the same time, I am looking forward to assisting Cyan with their business development in China of both lighting and metering solutions."

Geoff has done a number of presentations on smart grid such as the one below.

http://www.gsma.com/connectedliving/wp-content/uploads/2012/05/geoffsarneyheadofsmartmeteringtelefnicao2uk.pdf

Mr. Sarney will be presenting at the Smart Grids Conference on 14 June 2012 in Cambridge: http://www.cir-strategy.com/events/cleanpower/SGCPProgramme2012.pdf

He officially joins Cyan on 2 July 2012.

Enquiries:

 
Cyan Holdings plc                       Tel: +44 (0) 1954 234 400 
 John Cronin, Chairman 
 www.cyantechnology.com 
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Cenkos Securities plc                   Tel: +44 (0)20 7397 8900 
 NOMAD and Joint Broker 
 Stephen Keys / Adrian Hargrave 
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XCAP Securities plc                     Tel: +44 (0)20 7101 7070 
 Joint Broker 
 Jon Belliss / Adrian Kirk 
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Newgate Threadneedle                    Tel: +44 (0)20 7653 9850 
 Financial PR 
 Caroline Evans- Jones / Guy McDougall 
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About Cyan

Cyan is an integrated system design and software company delivering mesh based flexible wireless solutions for utility metering and lighting control. The Company has been listed on London's Alternative Investment Market (AIM) since 2005. Cyan's Headquarters are in Swavesey, Cambridge, UK. For more information, please visit www.cyantechnology.com.

CyLec

Cyan's CyLec technology provides a complete control and communication network including user interface. CyLec offers point-to-point and mesh network solutions for metering applications. CyLec is a trademark of Cyan Technology Ltd.

CyLux

Cyan's CyLux technology provides a complete control and communications network including user interface. CyLux is a control system allowing lighting manufacturers to build and sell RF controlled street and tunnel lighting. CyLux is a trademark of Cyan Technology Ltd.

This information is provided by RNS

The company news service from the London Stock Exchange

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