Cyanconnode Regulatory News (CYAN)

29 Mar 2007 07:04

Cyan Holdings Plc29 March 2007 Press Release 29 March 2007 Cyan Holdings Plc ("Cyan" or "the Company") Board changes Cyan Holdings plc, the fabless semiconductor company specialising in thedevelopment of low powered, configurable microcontroller chips, is pleased toannounce today the appointment of Kenn Lamb as Chief Executive Officer, witheffect from 11 April 2007. Paul Johnson becomes President and Chief TechnicalOfficer. Kenn has seventeen years of executive management experience in high technologycompanies. From 2001 to 2006, Kenn was CEO of Elixent where he completed asuccessful sale of the business to Matsushita of Japan. Prior to Elixent Kennwas Senior Vice President Sales at ARC International plc where he managed therestructuring of its international sales team. After two years of sales growth,ARC completed a successful London Stock Exchange flotation in September 2000with a market capitalization of £500m. Before joining ARC, Kenn was ManagingDirector of Actel Inc's European FPGA businesses where his team quadrupled salesin two years. Leading Cyan's recent strategic review in a consultative role gave Kenn a deepunderstanding of the Company and its operations. In addition, Kenn has strongexpertise in microprocessors and configurable peripheral technology and hasbuilt up considerable international experience in reorganisation andimplementing subsequent strategies. Mike Hughes, Chairman of Cyan, said: "We are delighted with the appointment ofKenn. His strategic vision, enhanced by his understanding of the semi-conductorindustry, will greatly benefit Cyan's future and take the Company to the nextstage of its development. Kenn is a very strong addition to the Board, and histechnical and business acumen will be important assets to the Company as itbuilds on the progress we have made in terms of our product range and customerbase, as well as developing internally as a company. "The Board would also like to thank Paul for his important contribution whilstCEO. He has been instrumental in developing the Company in its early stages andis now pleased to be able to concentrate his world class technical skills tofurther develop Cyan's product range." Kenn Lamb, aged 48, has held the other following directorships and/orpartnerships during the past five years: Current Directorships Directorships held in the past five years NxCetera LtdThe Wildscreen Trust There is no other information that falls to be disclosed under Schedule 2paragraph (f) of the AIM Rules. - Ends - For further information:Cyan Holdings plcAndrew Lee, Finance Director Tel: +44 (0) 1954 234 400 www.cyantechnology.com Media enquiries:Abchurch CommunicationsHeather Salmond/ Franziska Boehnke Tel: +44 (0) 20 7398 7700franziska.boehnke@abchurch-group.com www.abchurch-group.com Notes to Editors Cyan Holdings plc is a fabless semiconductor company which specialises in thedesign, sale and support of a range of 16-bit and 32-bit general-purpose lowpower, high performance microcontroller chips ("MCUs"). These chips areintegral components used in nearly all electronic products, ranging from mobilephones and washing machines to toys, televisions and motorcars. Consumerentertainment markets require more powerful processors and are usually based on32-bit chips which Cyan is developing to serve this market segment. Cyanoperates in a $14 billion worldwide market for microcontrollers, which is poisedto grow to $20 billion by 2010. Cyan has identified Europe and South East Asiaas the largest markets for its products, and as such aims to have 1% of themicrocontroller market within 5 years. Originally Cyan was a spin out from Cambridge Consultants Limited to use its16-bit core, the same core used in CSR's Bluetooth chips. Since Cyan wasfounded in 2002, it has achieved 100 design wins for its initial eCOG1(R)kproduct and is expanding the range of the patent-protected eCOG1(R) family andintroducing a new range of 32 bit microcontrollers. Cyan has introduced design integration support software, CyanIDE(R), to supportthe Company's entire range of current and future microcontrollers. The softwaremakes chip integration into customers' products vastly more simple, quick,reliable and hence less expensive while dramatically reducing development time.Cyan created CyanIDE(R) to avoid relying on standard tools from third partysuppliers. The company is headquartered in Cambridge, UK and opened a sales and technicalsupport office in Hong Kong in May 2005 which services the Chinese market. Cyanemploys 40 people. This information is provided by RNS The company news service from the London Stock Exchange