Cyan Holdings Plc Carlos Ferreira to be Advisor for Latin America (2539O)

TIDMCYAN

RNS Number : 2539O

Cyan Holdings Plc

18 September 2013

Cyan Holdings plc

("Cyan" or the "Company")

Carlos Ferreira agrees to be Cyan Special Advisor - Latin America

Cyan Holdings plc (AIM: CYAN.L), the integrated system design company delivering wireless solutions for lighting control and utility metering announces that power industry specialist Carlos Ferreira has agreed to become Cyan's Special Advisor for Latin America.

Carlos Ferreira has over 20 years' experience in various executive positions within power companies in Brazil. Over the past seven years, Carlos has held, for five years, the position of CEO at Elektro Power Distribution Company, attending 228 municipalities, with revenues of US$2.5 billion, and last 2 years held the position of COO at the CPFL Energia, one of Brazil's leading companies in the energy sector with revenue of US$10 billion, seven million customers and 9,000 employees. As COO, Carlos was responsible for implementing the group's strategy across power generation, distribution, commercialisation and other value added services.

John Cronin, Executive Chairman, Cyan Technology commented: "We are delighted that Carlos has agreed to join Cyan. His wealth of experience of the power sector in Brazil will bring Cyan a comprehensive understanding of the power sector in Brazil and I'm sure he will prove instrumental in helping Cyan establish key partnerships in this target market."

Carlos Ferreira, commented: "I am excited to be working with Cyan to help with their business development in the smart metering market in Brazil. Cyan's low power low cost smart energy solutions are ideal for the Brazilian market which is undergoing rapid growth and structural change."

Enquiries:

 
Cyan Holdings plc                 Tel: +44 (0) 1954 234 400 
 John Cronin, Executive Chairman 
 www.cyantechnology.com 
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 
Walbrook PR                       Tel: +44 (0)20 7933 8780 
 Bob Huxford                       bob.huxford@walbrookpr.com 
 Paul Cornelius                    paul.cornelius@walbrookir.com

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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