Business
Global Distribution Agreement
Global Distribution Agreement.
About this update from Cyanconnode Holdings Plc
[{"type":"text","content":"\n RNS Number : 2904W Cyan Holdings Plc 27 July 2009 \n \nMonday 27 July 2009\n\nCyan Holdings Plc\n('Cyan' or 'the Group')\n\nGlobal Distribution Agreement with Industry Leader\n\nCyan Holdings Plc (AIM: CYAN.L), a fabless semiconductor company providing configurable application software and production ready modules based on feature rich, low power, microcontroller (MCU) chips, is delighted to announce that it has completed a global agreement with Future Electronics Inc.\n\nFuture Electronics is one of the three largest electronics distributors in the world, with 169 offices in 41 countries. For the first time Cyan has access to a leading demand creation distributor with customer support and fulfilment organisation that has a global presence and the ability to secure business that would not otherwise be available to Cyan. Through this agreement, Cyan will make its range of wireless metering and lighting control products available to the global market. Cyan already has products that operate in the complete range of ISM bands selected for wireless metering, demand control and wireless lighting control around the world. Future Electronics already has activities and specialised personnel focussed on these markets and this agreement recognises the synergy between Cyan's products and these global markets where Future is currently active or already established.\n\nCommenting, Stephen Bilogan, Corporate Vice President at Future Electronics, said:\n'We are excited about our new global partnership with the Cyan team and look forward to offering their products and technologies as well as our industry leading technical and logistical support to our existing as well as our rapidly growing new and emerging customers.'\n\nKenn Lamb, CEO of Cyan, said: 'Future Electronics is a leading global distributor and it has a clear vision and determination to develop target markets. Both our companies recognise the size and global nature of these markets and are determined to leverage our respective and complementary strengths to ensure that together we secure a substantial portion of the available business.'\n\n\nCyan Holdings plc\nKenn Lamb, CEO  ...