Last checked at 11 Dec 2014 07:00
11 December 2014
Cyan Holdings plc("Cyan" or the "Company")
Industry expert appointed to accelerate commercial opportunities
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 Mark Coyle has been appointed to the role of Vice President, with responsibility for business development and sales in Europe, Africa, Americas and Australasia.
Mark is based at the Company's headquarters in Cambridge UK, and will be responsible for developing and managing strategic relationships and capturing new sales opportunities for smart energy solutions and Internet of Things ("IoT") applications. Mark brings more than 20 years of industry knowledge and commercial experience, which will support Cyan's aim of developing IoT opportunities in fast growth markets as well as winning large scale commercial deployment contracts of smart metering and lighting.
Before joining Cyan, Mark held the position of Managing Director, UK & Ireland, at Silver Spring Networks. Mark was responsible for Silver Spring Network's rapid growth in the UK and worked on projects such as Glasgow City Council's selection of their intelligent lighting solution and the UK Power Networks 'Flexible Plug and Play' Low Carbon Networks Fund project. Prior to this Mark held leadership positions at Utiligroup, CGI/Logica, and National Grid. In addition, Mark has advised governments, regulators, utilities, and consumer bodies across the world on the transformation of their energy and city services to meet future needs.
John Cronin, Executive Chairman, commented: "I am delighted to welcome Mark to Cyan. He brings with him a great deal of experience across the smart energy spectrum, which I believe will prove invaluable as he supports Cyan in the delivery of smart technology. Having joined Cyan last week, from Silver Spring Networks, Mark has been able to make an immediate impact at Cyan; together with a local telecoms partner, Mark made an onsite presentation of Cyan's value proposition to a utility for a 200,000 unit smart meter tender in a new country where Cyan has not previously had any presence."
Mark Coyle said: "I am excited to join the Cyan team and look forward to working with them to grow and expand the company's presence in new markets. From my experience in the industry, I believe Cyan's technology has the potential to make a real difference in next-generation economies - unlocking value for its customers by reducing both technical and commercial losses as well as assuring a reliable, cost effective power supply."
Enquiries:
Cyan Holdings plc | Tel: +44 (0) 1954 234 400 |
John Cronin, Chairman | www.cyantechnology.com |
Allenby Capital Ltd - Nominated Adviser and Joint Broker | Tel: +44 (0) 20 3328 5656 |
Jeremy Porter / Chris Crawford |
|
Hume Capital Securities plc - Joint Broker | Tel: +44 (0) 20 7101 7070 |
Jon Belliss |
|
Walbrook PR - Financial PR | Tel: +44(0) 20 7933 8780 |
Paul Cornelius/Nick Rome
| cyan@walbrookpr.com |
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.