Cyan offers flexible solutions for the remote monitoring and control of lights, energy meters and industrial telemetry.
Cyan's solutions are based on a comprehensive standard product portfolio of RF based gateways and nodes.
Metering: Gas, Electricity, Water
Lighting: Street, Tunnel, Architectural,
Industrial Telemetry: Process control, Thermo eco telemetry, Weather

Pre-close update, said:
That its "decisive action and substantial cost cutting" leaves the company in a strong position for 2010.
It has spent much time and effort in supporting prospective customers, with volume order confirmations expected in the new year.

Future prospects
Has successfully secured and maintained key partnerships, most recently with Future Electronics Inc, a top three worldwide electronic component distributor with divisions focussed on metering and lighting products.

Has successfully completed two equity placings to new and existing investors during the period, raising a total of 3.0 million of new money to fund working capital requirements to support customer trial orders and partnerships.

Directors Buying:
Over 4 Millions share were bought by directors during this month

For all this motives the shares at 1.15p are worth taking some aboard

lectricity Metering Networks
Electricity utilities and meter manufacturers are investigating ways of introducing Advanced Meter Reading (AMR) and Advanced Metering Infrastructure (AMI) to their businesses.

These technologies can significantly improve the information made available to energy service providers, including detailed energy usage profiles, diagnostic and status data from metering devices, and instantaneous usage from industrial and domestic consumers. This in turn helps to reduce the cost of taking readings, and prevent financial loss due to the fraudulent use of supplies. Load balancing can also be improved when information on instantaneous usage is provided. In addition consumers can benefit from improved information on their energy usage patterns by making better use of off-peak tariffs.

Cyan offers wireless Point-to-Point (P2P) and Meshing solutions for electricity AMR/AMI. Cyan's P2P solution use its ISM frequency band RF nodes (433/470/868/915/865 MHz). These allow a handheld meter reading device to directly communicate with each meter. Cyans meshing solution uses the same RF nodes to connect meters to a GPRS Gateway. A CyNet mesh network is formed around the gateway, which can be used to collate energy profiles, receive instantaneous readings, and send tariff updates to the meter. Cyan's GPRS Gateways can automatically monitor the mesh network and collect meter readings. Each GRPS Gateway has a RF node to connect to the local mesh network and GPRS modem for remote collection and monitoring from the backhaul system

Gas Metering Networks
A rise in energy prices and increasing focus on environmental issues has led to the demand for energy efficiency. As a result governments are legislating for the provision of Automated Meter Reading with a long term plan to move to fully Automated Metering Infrastructure

Cyan offers a wireless gas meter network solution that enables city wide deployment of wireless gas meters. The network uses Cyan's Cy-Net low power mesh network over ISM band (433/470/868/915/865 MHz). Each gas meter becomes an RF node on the network communicating with other RF nodes as well as mains powered concentrator gateways. The concentrators, Cyan's GPRS Gateways, automatically monitor the mesh network and collect readings from the meters.

Each GRPS Gateway has a RF node to connect to the local mesh network as well as GPRS for backhaul to remote central collection and monitoring system.

Industrial
Cyan's range of gateways and radio nodes can be used in a wide variety of monitoring and control applications. The RF nodes have on board resources such as Analogue to Digital converters with 12-bit resolution, digital inputs and outputs, timers and counters.

These can be used with external circuitry to sense conditions such as temperature, humidity, and movement. The combination of these resources, the Cy-Net radio mesh, and GPRS gateway can then be used to report telemetry to a central point, and/or send control signals to each remote node.

Street and Tunnel Lighting
With the rise of energy pricing and new regulation, operators of public lighting systems are driven to reduce operating costs. These reductions can be achieved by remotely controlling each lamp and managing its brightness according to need and by decreasing maintenance requirements by detecting faults remotely.

Cyan's technologies and products provide a complete control and communications network and user interface to lighting manufacturers. This complete system solution allows lighting manufacturers to manufacture and sell RF controlled street and tunnel lighting systems.

Director Shareholdings

Further to the Company's circular dated 1 September 2010, setting out details of a Directors' Share Purchase Scheme the Company confirms that all of its directors have agreed to revert to receiving shares in lieu of fees from January 2013 until March 2013. This arrangement will apply to 100% of each director's fees.

As before, the newly issued shares will be issued on the 1st day of each month, with the number being determined by the closing mid-market share price of the Ordinary shares on the trading day immediately prior to the issue of the Ordinary Shares. The first issue will therefore be made on 1 February 2013, relating to fees for January 2013. These shares will be issued out of block listings admitted to AIM up to July 2012.

~184 - Agreed, but once you are a Supplier that's a very long income stream . . . it's getting it started that's the problem, but CYAN has managed to keep going and whilst it would be nicer to be UK-sales, we can't be too picky. A meter is a Meter. I think their ability to "switch-off" is going to be attractive as this ensures payment and in lighting helps loadshedding, which benefits generation costs.
~185 - I'm now warming to Co where Dir take shares in Lieu (but NOT "as-well"), as this shows a L-T committment and real hope . . . . their future is going to be rosey. It's about time LT holders benefited, but there is still hope.

Cyan Holdings plc (AIM: CYAN.L), the integrated system and software design company delivering mesh based flexible wireless solutions for utility metering and lighting control announces the conditional placing of 223,333,333 new Ordinary Shares of 0.01p each ("Placing Shares") with new and existing institutional shareholders ("Placees") at a price of 0.45p per share to raise £1 million before expenses (the "Placing"). The Placing is conditional only upon the admission of the shares to AIM.

Preliminary Results

Key achievements

· Significant progress on Tamil Nadu Electricity Board tender

· Appointment of telecoms and smart metering expert John Cronin as Executive Chairman

· Strategic partnership with Larsen & Toubro to provide Indian utility customers with Advanced Metering Infrastructure ("AMI") solutions

· Substantial metering order of over US$1M from Indian partner

· Deployment of smart metering pilots with leading integrated power company in Mumbai and for Power Grid Corporation of India in Puducherry

· Equity fund raisings during the year of £3.8M before expenses (including £1.7M from the placing in December 2011 which was concluded in January 2012)

Financial highlights

· Decrease in revenue during 2012 to £315,194 (2011: £455,591)

· Operating loss for the year reduced to £3,103,622 (2011 restated: £3,575,000)

· Cash balance at end of year £1,618,574 (2011: £364,590)

Post period end highlights

· Operations established in India to drive and support future growth, including hire of Country Manager

· Deployment of AMI pilot with large public utility in the north of India

· Equity fund raising of £1M before expenses in April 2013 to strengthen balance sheet and fund continued expansion of operations

RNS not good news.

sp down nearly 40% today oh dear!

Yes - back in the 'jam tomorrow' drawer!

Strategic Partnership and Initial Order

trategic Partnership Agreement with Ilumatic S/A Brazil
Initial order from Ilumatic for $135,000

Cyan Holdings plc (AIM: CYAN.L), the integrated system design company delivering wireless solutions for lighting control and utility metering announces that it has formed a strategic partnership with Ilumatic to collaborate in the development, supply and delivery of CyLux®, Cyan's energy efficient smart lighting solution, within Brazil. The agreement also includes an order for $135,000.

Cyan and Ilumatic S/A have entered into a Strategic Partnership Agreement to provide Brazil's municipalities with CyLux®. This includes a $135,000 order from Ilumatic comprising of a significant initial upfront payment as well as complete funding to adapt, qualify and certify Cyan's CyLux® products to meet the RF spectrum standards in Brazil. This funding will rapidly accelerate Cyan's strategic entry into this significant market while being cost neutral and resource light for Cyan.

Strategic p'ship with Nobre de la Torre, Brazil

Cyan Holdings plc (AIM: CYAN.L), the integrated system design company delivering wireless solutions for lighting control and utility metering announces that it has formed an exclusive partnership, assuming certain performance targets are met, with Nobre de la Torre ("Nobre") to collaborate on the development, supply and system integration of CyLec®, Cyan's smart metering solutions, within Brazil.

As part of this agreement, Nobre and Cyan will jointly develop hardware and software solutions for the power market within Brazil. Nobre will promote CyLec® under its Smart Metering Segment WorkForce programme and advise on the integration of Cyan Automatic Meter Reading ("AMR") and Advanced Meter Infrastructure ("AMI") technologies with Meter Data Management Systems ("MDMS"). Nobre will also arrange an initial two smart metering pilot studies to be carried out with Brazilian electricity distribution companies.

Carlos Ferreira agrees to be Cyan Special Advisor - Latin America

Cyan Holdings plc (AIM: CYAN.L), the integrated system design company delivering wireless solutions for lighting control and utility metering announces that power industry specialist Carlos Ferreira has agreed to become Cyan's Special Advisor for Latin America.

Carlos Ferreira has over 20 years' experience in various executive positions within power companies in Brazil. Over the past seven years, Carlos has held, for five years, the position of CEO at Elektro Power Distribution Company, attending 228 municipalities, with revenues of US$2.5 billion, and last 2 years held the position of COO at the CPFL Energia, one of Brazil's leading companies in the energy sector with revenue of US$10 billion, seven million customers and 9,000 employees. As COO, Carlos was responsible for implementing the group's strategy across power generation, distribution, commercialisation and other value added services.

Half Yearly Report

Financial Highlights
· Turnover of £51,512 (H1 2012: £192,923)
· Operating loss reduced to £1,300,060 (H1 2012: £1,643,644)
· Basic and Diluted Loss Per Share of 0.05p (H1 2012: 0.12p)
· Cash and cash equivalents £1,725,948 (H1 2012: £700,536)
· Placing completed to raise £1 million
· Warrants exercised raising £427k during the period under review (£768k in total during exercise period)

Operational Highlights
· New deployment with a large public utility in the North of India (Haryana)
· Further strengthening of operational team in India with new country manager and technical team
· Successful presentation at the 5th India Smart Grid Summit

Post period highlights
· Strategic partnership agreement signed with Ilumatic Brazil (including an order for $135,000)
· Strategic partnership agreement with Nobre de la Torre, Brazil
· Strengthening of the Board, management and advisory teams with the appointments of:
o Simon Smith as Chief Financial Officer
o Stephen Page as Chief Operating Officer (non-Board)
o Dr. Sean Cochrane as Product Director (non-Board)
o Heather Peacock as Company Secretary
o Stephen Newton as Non-Executive Director
o Carlos Ferreira as Special Advisor for Latin America
· Meeting with India's Minister for Power at a Round Table event organised by the UK department for Trade and Investment
· Successful presentation at the 3rd World Smart Grid Conference, India
· Application to become an 'International Member' of the India Smart Grid Forum (ISGF) has been approved

Directorate and Management Changes

Change of Advisor

- - - Another setback - - -
90% Club since only 2010 DYOR
Execs down 60%, since July "13
I'm down near that too.... Ooops!

Yes, I have about half a crowns worth left too - Oooops indeed!

End of th line..?

Cant see much value here.

Prob is they are good a giving away Shareholder-value, but very NOT good at receiving it. I wonder if the BRIC Elec. co are struggling to receive any revenue - so CYAN is at the end of the queue. Today 0.13p as another "Fundraising" lowers the sp to "placing-price" - that nearly half what I paid earlier 2013 - knowing that was well-down on early-movers.
Not looking good...
EDIT (10Feb2014)- 0.23pence is not reading good. However, this may show the Fundraising hasn't done too much damage. Pity they still don't understand "Profits".
EDIT ( 17 Feb2014 ):- Today 0.18p =another slip closer to the Fundraising price...

First CyLec®Retrofit Pilot Deployment in Brazil

Cyan Holdings (AIM:CYAN.L), the integrated system and software design company delivering mesh based flexible wireless solutions for utility metering and lighting control, announces its first pilot deployment in Brazil for its smart metering solution CyLec®.

more...

Final Results

Operational highlights

· Strategic partnership agreement with Nobre de la Torre to develop and supply smart metering solutions across Brazil



· Strategic partnership agreement with Ilumatic to develop and supply smart lighting solutions across Brazil


· Development and launch of retrofit smart metering solution to enable utility customers to easily upgrade to smart metering

· Strengthened management and operational team, including the appointment of Simon Smith as Chief Financial Officer


· Appointment of three Special Advisers in Brazil and India


· Established operations in India - local team of four (including Country Manager) recruited to progress sales opportunities


· Qualification of additional manufacturing facilities with two India based Tier 1 Contract Equipment Manufacturers


· Equity funds raised during the year (from two placings and warrant exercises) totalling £2.6 million before expenses to strengthen balance sheet and fund continued expansion of operations

Financial highlights

· Decrease in revenue during 2013 to £137,996 (2012: £315,194)

· Increase in research and development spending to £1,479,355 (2012: £1,141,005)

· Increase in operating loss for the year to £3,266,757 (2012: £3,103,622)

· Cash balance at end of year £1,636,149 (2012: £1,618,574)

Post period end highlights

· Deployment of a retrofit smart metering solution pilot at a utility customer in Brazil

· Appointment of Harry Berry to the Cyan Board as Non-Executive Director, with Stephen Newton stepping down for health reasons

John Cronin, Chairman of Cyan, commented:

"I am pleased to report that Cyan has successfully built and consolidated its position in multiple emerging markets through the investments we have made on shareholders' behalf. The smart metering market in India is starting to see positive momentum and we have established good partnerships in Brazil. Our local partners are reporting strong prospects to close opportunities during 2014, some of which may be near term. The Cyan Board and management team believe that 2014 will be the year that Cyan becomes firmly established as a leader in our chosen markets and I look forward to communicating further positive results to shareholders in due course."