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.

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."

Directorate Changes

Directorate Change

Appointment of Non-Executive Director

Cyan Holdings plc (AIM: CYAN), the integrated system and software design company delivering mesh based flexible wireless solutions for utility metering and lighting control, announces that Peter Mainz has been appointed to the Board as a non-executive director of the Company with effect from 1 July 2014.

Until recently, Peter was the CEO & President of global smart metering leader Sensus USA Inc. and this is his first non-executive role since stepping down. Sensus is a leader in the electricity, water and gas smart metering markets with operations in 22 countries across 5 continents. Under his tenure the company grew into a leading technology provider to the global utility industry through multiple technology acquisitions, resulting in one of the largest installed Advanced Metering Infrastructure ("AMI") bases in the world. The growth included being part of the winning consortium for the UK smart metering rollout for the North of England and Scotland announced in August 2013 to connect 16M meters to 10M homes.

more...

First Cyan order for retrofit commercial deployment in India

Update on Metering Partnership in Brazil

AGM Statement

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, is holding its Annual General Meeting ("AGM") at 11 a.m. today and provides the following statement:

The Board of Cyan was delighted to announce its first order for commercial retrofit deployment in India today, as well as confirmation of the successful pilot in Brazil. Cyan now has multiple pilots deployed in India and Brazil, with both public and private entities of varying sizes, and other pilots waiting to be deployed. The pilots are mainly for Cyan's solution integrated into new smart meters rather than the retrofit product, although the retrofit product is receiving good interest from both India and Brazil. Whilst it is difficult to determine whether any of the Company's prospects and pilots will convert to meaningful orders, as stated in Cyan's annual results, local partners are reporting strong prospects to close opportunities during 2014. With today's news and developments seen in the market, the Cyan team remain highly motivated and confident.

Immediately following the AGM, the Company will give a short presentation to shareholders, a copy of which can be found on the Company's website at www.cyantechnology-ir.com/html/investors/presentations.asp.

From the link AGM Presentation

Cyan and Vodafone's M2M unit team up to provide smart metering solutions to Indian market

Slowly creeping up.

And again!

Second Smart Metering Contract Win

Consortium led by Larsen & Toubro has been selected by Tata Power Mumbai

Cyan (AIM:CYAN.L), the integrated system and software design company delivering mesh based flexible wireless solutions for utility metering and lighting control, announces that a consortium led by Larsen & Toubro ("L&T") has been selected by Tata Power Mumbai for the deployment of Cyan's CyLec® Advanced Metering Infrastructure ("AMI") solution in India.

Tata Power Mumbai ("Tata") is a Tata Group company and part of India's largest integrated power company with a significant international presence and approximately 400,000 retail customers in Mumbai. Tata have spent the last 12 months evaluating the consortium's technology and following the success of this evaluation, Cyan has now received an order from L&T to provide a complete AMI solution consisting of 865MHz RF modules, Data Concentrator Units, Head-End Server software licenses, onsite software installation services and an annual software maintenance contract. The Cyan 865MHz radio communication modules will be installed inside the L&T smart meters that will be deployed for Tata. The initial contract with Tata is for the deployment of 5,000 consumer meters in a district in Mumbai and is currently planned to go live in early 2015.

The consortium members include L&T (consortium lead partner), Cyan and Neosilica, who in partnership will provide an integrated CyLec AMI solution to Tata. L&T will supply smart meters, with CyLec® wireless technology inside, and Neosilica will provide a Meter Data Acquisition System ("MDAS") interface from Cyan's Head End Server into Tata's Meter Data Management System for billing and fault management.

John Cronin, Executive Chairman of Cyan, commented, "After the announcement of the first retrofit order from Essel Utilities less than two weeks ago, we are delighted to now have our second significant order and commercial deployment in India. Since signing a partnership agreement with L&T in February 2012, we have worked closely with them to ensure we can provide a fully functional end-to-end solution for the Indian market. As Tata are viewed as leaders in the generation and transmission of electricity, their selection of the consortium's AMI technology will act as an important reference for other utilities evaluating smart metering technologies across India. This selection demonstrates the strength and credibility of the consortium's offering and further establishes Cyan as a credible solution for emerging markets."

Reji Pillai Kumar, President of India Smart Grid Forum (ISGF), commented "I wish to congratulate ISGF members Tata Power Company, L&T and Cyan Technology on the commercial deployment of full AMI solutions on sub-GHz RF mesh network in India. Utilities have recognised the benefits that can be achieved by adopting smart grid technologies and an important step towards reducing T&D losses is to remotely identify and collect data from every meter. I am pleased that Tata Power is progressing to commercial deployment of the CyLec AMI platform which would support Tata Power's billing and fault management processes as well as provide the full benefits of these advanced technologies."

Satyam Bheemarasetti of Neosilica, CEO, commented, "We are pleased to be part of the consortium selected to provide enterprise level scalable solutions in smart grid AMI that will deliver tangible savings to Tata Power. We appreciate Tata Power and L&T for taking this crucial first step towards commercial adoption of smart grid in India."

The Indian power sector is heavily focussed on reducing transmission and distribution ("T&D") losses which will support the distribution companies' requirement to improve their financial health. Smart grid technologies have been identified as a solution that could address these losses effectively. By implementing a smart metering solution, it allows the utility to collect and analyse data from every meter ensuring accurate billing and collection for every customer. As revenues increase, and T&D losses decrease, monies can be reinvested into further smart grid roll outs. With 200 million meters currently, it is estimated that India will install 130 million smart meters by 2021.


more....

Good early volume - 0.40p beckons.