Cyan Holdings Plc Senior Appointment
December 11 2014 - 2:00AM
RNS Non-Regulatory
TIDMCYAN
Cyan Holdings Plc
11 December 2014
11 December 2014
Cyan Holdings plc
("Cyan" or the "Company")
Industry expert appointed to accelerate commercial
opportunities
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 Mark Coyle
has been appointed to the role of Vice President, with
responsibility for business development and sales in Europe,
Africa, Americas and Australasia.
Mark is based at the Company's headquarters in Cambridge UK, and
will be responsible for developing and managing strategic
relationships and capturing new sales opportunities for smart
energy solutions and Internet of Things ("IoT") applications. Mark
brings more than 20 years of industry knowledge and commercial
experience, which will support Cyan's aim of developing IoT
opportunities in fast growth markets as well as winning large scale
commercial deployment contracts of smart metering and lighting.
Before joining Cyan, Mark held the position of Managing
Director, UK & Ireland, at Silver Spring Networks. Mark was
responsible for Silver Spring Network's rapid growth in the UK and
worked on projects such as Glasgow City Council's selection of
their intelligent lighting solution and the UK Power Networks
'Flexible Plug and Play' Low Carbon Networks Fund project. Prior to
this Mark held leadership positions at Utiligroup, CGI/Logica, and
National Grid. In addition, Mark has advised governments,
regulators, utilities, and consumer bodies across the world on the
transformation of their energy and city services to meet future
needs.
John Cronin, Executive Chairman, commented: "I am delighted to
welcome Mark to Cyan. He brings with him a great deal of experience
across the smart energy spectrum, which I believe will prove
invaluable as he supports Cyan in the delivery of smart technology.
Having joined Cyan last week, from Silver Spring Networks, Mark has
been able to make an immediate impact at Cyan; together with a
local telecoms partner, Mark made an onsite presentation of Cyan's
value proposition to a utility for a 200,000 unit smart meter
tender in a new country where Cyan has not previously had any
presence."
Mark Coyle said: "I am excited to join the Cyan team and look
forward to working with them to grow and expand the company's
presence in new markets. From my experience in the industry, I
believe Cyan's technology has the potential to make a real
difference in next-generation economies - unlocking value for its
customers by reducing both technical and commercial losses as well
as assuring a reliable, cost effective power supply."
Enquiries:
Cyan Holdings plc Tel: +44 (0) 1954 234
400
John Cronin, Chairman www.cyantechnology.com
Allenby Capital Ltd - Nominated Adviser Tel: +44 (0) 20 3328
and Joint Broker 5656
Jeremy Porter / Chris Crawford
Hume Capital Securities plc - Joint Broker Tel: +44 (0) 20 7101
7070
Jon Belliss
Walbrook PR - Financial PR Tel: +44(0) 20 7933 8780
Paul Cornelius/Nick Rome cyan@walbrookpr.com
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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