Cyan Holdings Plc Cyan increases operations in India

TIDMCYAN

Cyan Holdings Plc

25 March 2013

RNS Reach

25 March 2013

Cyan Holdings plc

("Cyan" or the "Company")

Cyan increases operations in India

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 Shiv Kaushik has been appointed as Country Manager in India.

Mr Kaushik, who has more than 18 years of experience with leading IT companies, joins Cyan to support its strategy to build key relationships in the energy and utility sector in India. Shiv has a wealth of experience in this sector selling software based solutions for companies such as Oracle, Wipro and Ferranti. Whilst employed in senior business development roles in India, Shiv worked with system integrators and utilities to manage the deployment of the IT based systems required for the implementation of energy management solutions.

Furthermore, Cyan has recruited two local senior field application engineers to provide additional customer and technical support in India.

In addition to the recruitment of field based personnel, Cyan is also qualifying additional manufacturing facilities in the form of two India based Tier-1 Contract Equipment Manufacturers. Both manufacturers are global companies offering a comprehensive range of Original Equipment Manufacturer services and hold ISO 9001 and other regulatory certificates. Part of the qualification process is a pre-production build to verify quality and performance. These additional manufacturing facilities will work in parallel with the current production in China to meet volume demands going forward.

John Cronin, Executive Chairman of Cyan, commented: "We are pleased to welcome Shiv and the application engineers to Cyan. As demand grows for Cyan's Advanced Metering Infrastructure solutions, it is necessary for Cyan to develop partnerships with industry leaders who can provide the knowledge and expertise. We are also pleased to be adding additional manufacturing capacity to meet local demand in India."

Enquiries:

 
Cyan Holdings plc                               www.cyantechnology.com 
 John Cronin, Executive Chairman             Tel: +44 (0) 1954 234 400 
Cenkos Securities plc (NOMAD and Joint        Tel: +44 (0)20 7397 8900 
 Broker) 
 Stephen Keys / Adrian Hargrave 
                                        ------------------------------ 
XCAP Securities plc (Joint Broker)            Tel: +44 (0)20 7101 7070 
 Jon Belliss / Adrian Kirk 
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Walbrook PR Ltd                               Tel: +44 (0)20 7933 8780 
 Bob Huxford                                bob.huxford@walbrookpr.com 
 Paul Cornelius                          paul.cornelius@walbrookir.com 
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About Cyan

Cyan is an integrated system design company delivering mesh based flexible wireless solutions for utility metering, lighting control & industrial telemetry. For more information, please visit:

www.cyantechnology.com

This information is provided by RNS

The company news service from the London Stock Exchange

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