Cyan Holdings Plc Order Update (1427T)

TIDMCYAN

RNS Number : 1427T

Cyan Holdings Plc

15 November 2013

Cyan Holdings plc

("Cyan" or the "Company")

Order Update

Cyan Holdings plc (AIM:CYAN.L), the integrated system and software design company delivering wireless solutions for utility metering and lighting control, provides the following order update.

On 24 December 2012, Cyan notified shareholders that an order from a major metering customer in India (originally announced in May 2012 and exceeding $1m) would be fulfilled in 2013 due to delays in the TNEB tender process.

Due to the continued delays in the TNEB tender process, the customer has informed Cyan that their order will be carried forward into the new calendar year and that they are optimistic that they will require delivery in 2014, although this remains contingent on the TNEB tender and their participation therein.

Enquiries:

 
Cyan Holdings plc                    Tel: +44 (0)1954 234 400 
 John Cronin, Chairman 
 www.cyantechnology.com 
Allenby Capital Limited              Tel: +44 (0)20 3328 5656 
 Nominated Adviser and Joint Broker 
 Jeremy Porter 
 Mark Connelly 
XCAP Securities plc                  Tel: +44 (0)20 7101 7070 
 Joint Broker 
 Jon Belliss 
Walbrook PR                          Tel: +44 (0)20 7933 8780 
 Financial PR 
 Paul Cornelius

This information is provided by RNS

The company news service from the London Stock Exchange

END

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