Cyan Holdings Plc New Lighting Order from China (2617N)
July 24 2014 - 9:39AM
UK Regulatory
TIDMCYAN
RNS Number : 2617N
Cyan Holdings Plc
24 July 2014
Cyan Holdings plc
("Cyan" or the "Company")
Cyan receives new lighting order from Chinese customer
Cyan (AIM:CYAN.L), the integrated system and software design
company delivering mesh based flexible wireless solutions for
utility metering and lighting control, announces that it has
received a purchase order from its China lighting solutions
distributor, Aska Technology Limited ("Aska").
This order is for 15,000 Cyan smart lighting control modules,
for 15,000 street lights, as well as the associated licenses for
Cyan's server software, with delivery to be complete before the end
of the year.
In April 2014, Cyan signed a master distribution agreement with
Aska to act as the distributor of Cyan's CyLux lighting solutions
in the China market and provide first line support to end
customers. This is the first volume order that they have secured
and the CyLux enabled lamps are expected to be deployed across
several locations in mainland China. The Directors hope this
represents the starting point for significant deployments expected
over the next two to three years.
In recent years the lighting market has been predominantly
focussed on replacing traditional lamps, such as High Pressure
Sodium (HPS) with energy efficient Light Emitting Diode (LED)
lamps. However, the Company now understands the market is pursuing
further cost savings enabled by intelligent lighting systems such
as those developed by Cyan. Cyan's system, CyLux, delivers
bi-directional communication to enable 'smart' functionality such
as setting rules for energy saving cycles and demand management in
addition to status data to further reduce maintenance costs.
John Cronin, Executive Chairman at Cyan, commented: "I am
pleased to announce this new order for Cyan's lighting solutions in
the China market. Smart lighting projects are just starting to be
deployed across the world and we are delighted that our solution
has been selected after an extended period of evaluation and pilots
by the end customer."
Enquiries:
Cyan Holdings plc www.cyantechnology.com
John Cronin, Chairman Tel: +44 (0) 1954 234
400
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Allenby Capital Ltd-Nominated Adviser Tel: +44 (0) 203328 5656
and Joint Broker
Jeremy Porter/ Michael McNeilly
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Hume Capital Securities plc - Joint Broker Tel: +44 (0) 20 7101
Jon Belliss 7070
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Walbrook PR - Financial PR Tel: +44(0) 20 7933 8780
Paul Cornelius
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About Cyan
Cyan is an integrated system design company based in Cambridge,
UK. It provides a communication platform that enables the
measurement and control of energy consumption for the metering and
lighting markets, helping to reduce energy losses. Cyan's wireless
mesh networking platform offers 'last mile' connectivity between
millions of devices and enterprise software, supporting bilateral
communications with the end customer. For more information, please
visit www.cyantechnology.com.
About CyLux(R)
CyLux(R) is Cyan's energy efficient smart lighting solution. It
enables significant savings by optimising the way in which public
lighting is managed. CyLux is compatible with all the latest
lighting technologies including LED, HPS, and HID. The CyLux web
portal provides a central monitoring and control interface that
scales to city and state wide deployments.
This information is provided by RNS
The company news service from the London Stock Exchange
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