Business
European Meter Update
European Meter Update.
About this update from Cyanconnode Holdings Plc
[{"type":"text","content":"\n RNS Number : 2232L Cyan Holdings Plc 04 May 2010 \n \n\nCyan Holdings Plc\n(\"Cyan\" or \"the Group\")\n \nEuropean Meter Update\n \nCyan Holdings plc (AIM:CYAN.L), the fabless semiconductor company providing wireless utility metering and lighting control products based on its feature rich, low power, microcontroller chips, is pleased to announce that it has recently received orders from large customers that serve the European automated metering market. \n \nThis is an indication of acceleration in the deployment of meters in Europe. Automated metering is an important global market to which Cyan aims to become a major supplier as customers currently running field trials transition for production orders.\n \nCyan has a number of customers utilising its technology, which has been incorporated into their own products many of which have already been approved by regulatory authorities for use in a number of European countries.\n \n \nTo date, the technical performance of Cyan's products' has continued to drive demand from customers wanting to run field trials, which have proved highly successful, with the Group consistently meeting the demands of its potential key customers. \n \nThis has translated into the number of orders received in Q2 2010 surpassing both the customer forecasts, and the total number of units ordered by such customers before.\n \nKenn Lamb, CEO of Cyan Holdings plc commented:\n \n\"This evidence of traction achieved in Europe is extremely encouraging for the Group. While Cyan still expects unit shipments to customers in Asia to significantly exceed shipments to those in Europe during 2010, it is excellent to see European customers own unit forecasts being accelerated and exceeded.\"\n \n \nwww.cyantechnology.com\n \n \nEnquiries:\n \n\n\n\n\nCyan Holdings plc\nJohn Read, Chairman\n \n\n\nTel: +44 (0) 1954 234 400\n\n\n\n\nCenkos Securities plc\nStephen Keys / Camilla Hume\n \n\n\nTel: +44 (0)20 7397 8900\n\n\n\n\nHansard Communications Ltd\nJohn Bick / Kirsty Corcoran\n\n\nTel: +44 (0)20 7245 1100\nTel: +44 (0) 7872 061007\n\n\n\n\n+++++++++++++++++++++++++++++++++++++++++++++++++++\n \nJohn Bick\nHansard Communications\nT: +44 (0)20 7245 1100 M: +44 (0)7...