Business
China shipment
China shipment.
About this update from Cyanconnode Holdings Plc
[{"type":"text","content":"\n Cyan Holdings Plc\n13 April 2006\n\n\nPress Release 13 April 2006\n\n Cyan Holdings Plc\n\n ('Cyan' or 'the Group')\n\n Cyan announces China shipment\n\n\nCyan Holdings Plc (AIM: CYAN.L), the fabless semiconductor company specialising\nin the development of low power consumption, configurable microcontroller chips,\nis pleased to announce that the first volume shipment to our Chinese customer\nwas made on the 12th April 2006. This initial shipment of 17,500\nmicrocontrollers from an order for 100,000 units to be delivered by the end of\nJune 2006 is the first volume shipment made by the company and is in line with\nthe timetable reported to shareholders at the time of the preliminary results\nannouncement. Our customer is manufacturing government tax control POS\nterminals, a market which is estimated to require in excess of 30 million units\nin China.\n\n\n\nPaul Johnson, CEO of Cyan, commented: 'This first shipment to China offers\nvalidation for our quality microcontrollers and further endorses our decision to\nexpand throughout Asia from our Hong Kong base.'\n\n\n - ends -\n\n\n\nFor further information:\n\n\nCyan Holdings plc\nPaul Johnson, Chief Executive Officer Tel: +44 (0) 1954 234 400\n www.cyantechnology.com\n\n\nCollins Stewart Limited\nStephen Keys, Corporate Finance Tel: +44 (0) 20 7523 8312\n www.collins-stewart.com\n\n\n\nMedia enquiries:\nAbchurch Communications\nHeather Salmond / Dana Thomas Tel: +44 (0) 20 7398 7700\[email protected] www.abchurch-group.com\n\n\n\nNotes to Editors\n\nCyan Holdings plc is a fabless semiconductor company which specialises in the\ndesign, sale and support of a range of 16-bit and 32-bit general-purpose low\npower, high performance microcontroller chips ('MCUs'). These chips are\nintegral components used in nearly all electronic products, ranging from mobile\nphones and washing machines to toys, televisions and motorcars. Consumer\nentertainment markets require more powerful processors and are usually based on\n32-bit chips which Cyan is developing to serve this market segment. Cyan\noperates in a $14 billion worldwide market for microcontrollers, which is poised\nto grow to $20 billion by 2010. Cyan has identified Europe and South East Asia\nas the largest markets for its products, and as such aims to have 1% of the\nmicrocontroller market within 5 years.\n\n\...