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AGM Statement

18 May 2011 11:28

RNS Number : 8304G
Cyan Holdings Plc
18 May 2011
 



18 May 2011

Cyan plc

("Cyan" or "the Company")

 

AGM Statement

 

 

At today's AGM of Cyan (AIM:CYAN), the integrated system design company delivering mesh based flexible wireless solutions for lighting control, utility metering and industrial telemetry, Kenn Lamb, CEO made the following statement:

 

"The progress that we reported at the time of our preliminary results on 28th March continues unabated. The upswing in order enquiries continues and we now see substantial momentum in our lighting control business.

 

"Accordingly, we remain convinced that this year will be the major turning point following two years of trials and product development by the Company. Since March we have announced another initial order for 10,000 units of CyLux taking the company into lighting on gas and oil installations in India and the Middle East.CyLux, our wireless lighting control system is proving popular and easy to integrate into a wide range of lights.

 

"In addition, the Company received the first order for a CyLux installation in Europe, where CyLux controlled LED lighting is to be installed into a road tunnel in Italy.

 

"In common with prior lighting order announcements these represent initial orders for initial projects with the expectation of follow on orders to satisfy the total requirement of the initial project as well and new projects from these customers. Initial orders, therefore, represent a small fraction of the much larger opportunity with each new customer.

 

"Cyan now has an established foothold in lighting control markets where energy saving is a powerful market driver and ROI periods are short. The board looks forward to the year ahead with confidence."

 

All resolutions put to shareholders were duly passed.

 

www.cyantechnology.com

 

Enquiries

 

Cyan Holdings plc

Kenn Lamb CEO

 

Tel: +44 (0) 1954 234 400

Cenkos Securities plc

Nominated Adviser

Stephen Keys / Adrian Hargrave

 

Tel: +44 (0)20 7397 8900

 

XCAP Securities plc

Joint Broker

John Belliss / Parimal Kumar

 

Tel: +44 (0)20 7101 7070

 

Hansard Communications

Adam Reynolds / Guy McDougall / Nicholas Nelson

Tel: +44 (0)20 7245 1100

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGMAPMMTMBTBBFB
Date   Source Headline
24th Sep 20087:00 amRNSInterim Results
23rd Sep 20085:24 pmRNSHolding(s) in Company
9th Sep 20083:40 pmRNSHolding(s) in Company
5th Sep 20083:52 pmRNSHolding(s) in Company
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4th Sep 200812:00 pmRNSHolding(s) in Company
3rd Sep 20081:01 pmRNSResult of Meeting
27th Aug 20084:52 pmRNSHolding(s) in Company
14th Aug 20087:00 amRNSPlacing
3rd Jul 20084:10 pmRNSChange of Adviser
27th Jun 20088:50 amRNSHolding(s) in Company
30th May 200812:45 pmRNSHolding(s) in Company
29th May 20087:00 amRNSIndian order received
22nd May 20084:30 pmRNSHolding(s) in Company
15th May 20087:00 amRNSDirector/PDMR Shareholding
2nd May 20083:09 pmRNSHolding(s) in Company
1st May 20082:10 pmRNSHolding(s) in Company
30th Apr 200812:07 pmRNSResult of AGM
30th Apr 20087:00 amRNSOpening of new Asia office
29th Apr 20087:00 amRNSRe Agreement
25th Apr 20087:01 amRNSRe Agreement
25th Apr 20087:01 amRNSHolding(s) in Company
3rd Apr 20087:01 amRNSFurther Directors Dealings
1st Apr 20088:24 amRNSDirector/PDMR Shareholding
31st Mar 20089:26 amRNSHolding(s) in Company
27th Mar 20087:01 amRNSFinal Results
11th Mar 20087:01 amRNSHolding(s) in Company
5th Feb 20087:00 amRNSDirectorate Change
24th Jan 20087:00 amRNSPre-Close Trading Update
10th Dec 200710:09 amRNSHolding(s) in Company
21st Nov 20077:01 amRNSHolding(s) in Company
15th Nov 20077:02 amRNSBoard Change
6th Nov 20077:00 amRNSHolding(s) in Company
31st Oct 20077:01 amRNSTotal Voting Rights
23rd Oct 20077:01 amRNSHolding(s) in Company
19th Oct 20077:00 amRNSHolding(s) in Company
10th Oct 20072:54 pmRNSExercise of options
3rd Oct 20077:00 amRNSBoard Change
13th Sep 20077:01 amRNSInterim Results
5th Sep 20078:13 amRNSHolding(s) in Company
3rd Sep 20077:02 amRNSHolding(s) in Company
3rd Sep 20077:02 amRNSHolding(s) in Company
31st Aug 20077:01 amRNSTotal Voting Rights
24th Aug 200711:50 amRNSResult of EGM
15th Aug 20077:00 amRNSAIM Rule 26 information
8th Aug 20077:00 amRNSNotice of Results
31st Jul 20077:02 amRNSPlacing
3rd Jul 20077:01 amRNSChina Telecom Order
19th Jun 20077:01 amRNSRe Agreement
14th May 20079:40 amRNSHolding(s) in Company

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