Business
Indian order received
Indian order received.
About this update from Cyanconnode Holdings Plc
[{"type":"text","content":"\n RNS Number : 4554V Cyan Holdings Plc 29 May 2008 \n \n\n\n\n\n\nPress Release\n\n\n29 May 2008\n\n\n\n\n\nCyan Holdings Plc\n\n('Cyan' or 'the Group')\n\nIndian order received \nFurther information re:- Mouser Electronics\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 chips, is delighted to announce it has received an order of 5,000 units, together with an indicative forecast for 40,000 microcontroller chips to be delivered in the next 12 months. The order is from a major corporate client based in India. The Group has already received small initial orders of up to 1,000 chips from this customer over the past few months but the current order and forecast from the distributor is indicative of the project moving to deployment. \n\nThe devices will be used for vehicle tracking using GPS, enabling logistics optimisation within fleet management. \n\nKenn Lamb, CEO of Cyan, said: 'We believe that this order and forecast clearly demonstrates further progress against the 18 month turnaround programme we outlined at the time of the placing last year and hence is further validation of our new strategy.'\n\nThe Group is also pleased to report that further to the announcement on 25th April 2008 that Mouser Electronics Inc had signed a global distribution agreement with the company, it has now received an initial stocking order of US$22,500 to initiate the agreement.\n\n - Ends -\n\nFor further information:\n\n\n\n\nCyan Holdings plc\n\n\n\n\n\n\n\nKenn Lamb, CEO\n\n\nTel: +44 (0) 1954 234 400\n\n\n\n\nAndrew Lee, Finance Director\n\n\n\n\n\n\n\n\n\n\nwww.cyantechnology.com\n\n\n\n\n\n\n\n\n\n\n\n\nCollins Stewart Europe Limited\n\n\n\n\n\n\n\nNick Ellis / Oliver Quarmby \n\n\nTel: +44 (0) 20 7523 8350\n\n\n\n\nCorporate Finance\n\n\n\n\n\n\n\n\n\n\nwww.collins-stewart.com\n\n\n\n\n\n\n\n\n\n\n\n\nAbchurch Communications\n\n\nTel: +44 (0) 20 7398 7700\n\n\n\n\nHeather Salmond / Jack Ballantyne\n\n\nTel: +44 (0) 20 7398 7714\n\n\n\n\[email protected] \n\n\nwww.abchurch-group.com \n\n\n\n\n\nNotes to Editors\nBased in Cambridge in the UK, Cyan Holdings plc is a fabless semiconductor company specializing in ...