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Strategic Agreement with Chinese Lighting Company

27 Oct 2011 07:00

RNS Number : 9201Q
Cyan Holdings Plc
27 October 2011
 



 

27 October 2011

 

Cyan Holdings Plc

("Cyan" or "the Company")

 

Strategic Agreement with Shanghai Yaming Lighting Company

 

Cyan Holdings Plc (AIM:CYAN.L), the integrated system design company delivering mesh based flexible wireless solutions for lighting control, utility metering and industrial telemetry announces that it has signed a strategic partnership agreement with the Shanghai Yaming Lighting Co., Ltd 'Yaming'.

 

Yaming is a well respected and long established lighting company that claims to be the largest manufacturer of Street Lighting sold in China. Established in 1923, Yaming has 87 years of experience in lighting development and has several subsidiary companies and operates as part of several joint ventures.

 

A new Yaming EMC (Energy Management Contract) company has been seeking a wireless control partner for its HPS (High Pressure Sodium) and HID (High Intensity Discharge) and LED Lighting Products. Cyan has been chosen by Yaming to be that partner.

 

Yaming's long history, the size of the company and its reputation for quality puts Yaming in a strong position to win future EMC lighting contracts across China, and Cyan is delighted that Yaming has selected Cyan's CyLux lighting control technology.

 

Yaming has already purchased a number of CyLux controllers that have been installed in Yaming lights for a pilot installation used to demonstrate the working product to municipality officials. Other controllers have been purchased so that the entire assembly can be put through accelerated life tests and meet Yaming quality standards. These products are scheduled to commence production shipments in February 2012.

 

Cyan has signed an agreement to co-operate in the addition of further customer requested features into the Cyan lighting management system and to modify the graphics to feature Yaming Branding.

 

 

 Kenn Lamb, CEO of Cyan Holdings Plc commented:

 

"We have worked hard for some time to secure this strategic partnership, as we believe that it positions us well for future growth in the Chinese street lighting market. Yaming is likely to be awarded a significant portion of future EMC's and, as such, we look forward to Yaming winning large contracts for its wireless lighting control product. Yaming's selection of Cyan is expected to have a positive influence on other companies seeking a wireless lighting control solution."

 

 

Cyan Holdings Plc

Kenn Lamb, CEO

www.cyantechnology.com

Tel: +44 (0) 1954 234 400

Cenkos Securities Plc

NOMAD and Joint Broker

Stephen Keys / Adrian Hargrave

 

XCAP Securities Plc

Joint Broker

Jon Belliss / Adrian Kirk

Tel: +44 (0)20 7397 8900

 

 

 

Tel: +44 (0)20 7101 7070

Hansard

Financial PR

Adam Reynolds / Guy McDougall

Tel: +44 (0)20 7245 1100

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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