Cyan Holdings plc (AIM: CYAN.L), the integrated system design company delivering wireless solutions for lighting control and utility metering is pleased to announce that all resolutions put to shareholders at the Company's Annual General Meeting held earlier today were duly passed.
In addition, following the AGM, John Cronin has taken over the role of Executive Chairman from Dr John Read, who will continue with the Company as a Non-Executive Director. Mr Cronin joined the Board as Non-Executive Director on 20 March 2012.
John Cronin, Executive Chairman, commented:
"Cyan is strategically poised to take advantage of the growth opportunities provided by China and India in the wireless lighting and metering markets. The Company has developed key relationships with some of the most significant manufacturers in both territories, and it is my belief we will soon yield from these. I am delighted to be taking on the role of Chairman at this exciting time for the Company; I look forward to the challenge ahead and to updating shareholders as to positive developments as they are achieved."
About Cyan Cyan is an integrated system design and software company delivering mesh based flexible wireless solutions for utility metering and lighting control. The Company has been listed on London's Alternative Investment Market (AIM) since 2005. Cyan's headquarters are in Swavesey, Cambridge, UK. For more information, please visit www.cyantechnology.com.
Cyan's CyLec technology provides a complete control and communication network including user interface. CyLec offers point-to-point and mesh network solutions for metering applications. CyLec is a trademark of Cyan Technology Ltd.
Cyan's CyLux technology provides a complete control and communications network including user interface. CyLux is a control system allowing lighting manufacturers to build and sell RF controlled street and tunnel lighting. CyLux is a trademark of Cyan Technology Ltd.
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