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 John Cronin, Chairman |
www.cyantechnology.com Tel: +44 (0) 1954 234 400 |
Allenby Capital Ltd-Nominated Adviser and Joint Broker Jeremy Porter/ Michael McNeilly |
Tel: +44 (0) 203328 5656 |
Hume Capital Securities plc - Joint Broker Jon Belliss |
Tel: +44 (0) 20 7101 7070 |
Walbrook PR - Financial PR Paul Cornelius |
Tel: +44(0) 20 7933 8780 |
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®
CyLux® 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.
