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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
4th May 20077:01 amRNSHolding(s) in Company
3rd May 20077:02 amRNSAppointed CEO - further info
30th Apr 200712:50 pmRNSResult of AGM
26th Apr 20077:03 amRNSChina- Tax Collection
29th Mar 20077:04 amRNSBoard Changes
29th Mar 20077:02 amRNSFinal Results
21st Mar 20074:05 pmRNSHolding(s) in Company
13th Mar 20075:30 pmRNSHolding(s) in Company
7th Mar 20073:30 pmRNSHolding(s) in Company
20th Feb 20077:00 amRNSNotice of Results
8th Feb 20077:00 amRNSAppointment Spectrum Group
19th Jan 200710:01 amRNSHolding(s) in Company
18th Jan 20077:00 amRNSHolding(s) in Company
15th Jan 20075:57 pmRNSExercise of Options
12th Jan 20077:00 amRNSHolding(s) in Company
20th Dec 20067:00 amRNSTotal Voting Rights
30th Oct 20061:00 pmRNSHolding(s) in Company
24th Oct 20064:29 pmRNSExercise of Options
23rd Oct 20067:01 amRNSLetter of Intent Signed
28th Sep 20067:03 amRNSInterim Results
13th Sep 20067:02 amRNSNotice of Results
1st Sep 20069:48 amRNSHolding(s) in Company
1st Sep 20069:46 amRNSHolding(s) in Company
31st Aug 20067:02 amRNSeCOG1X goes into production
11th Aug 20064:05 pmRNSAdditional Listing
8th Jun 20069:38 amRNSAppointing German distributor
5th May 20067:00 amRNSHolding(s) in Company
19th Apr 20069:25 amRNSExercise of Warrants
18th Apr 200612:30 pmRNSResult of AGM
13th Apr 20067:01 amRNSChina shipment
31st Mar 20063:51 pmRNSHolding(s) in Company
24th Mar 20061:32 pmRNSHolding(s) in Company
21st Mar 20067:02 amRNSFinal Results
27th Feb 20067:00 amRNSNotice of Results
12th Jan 200611:43 amRNSAdditional Listing
20th Dec 20054:06 pmRNSHolding(s) in Company
9th Dec 20054:15 pmRNSHolding(s) in Company
7th Dec 20058:00 amRNSCyan Joins AIM

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