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CYAN Technology of flexible solutions for the Future (CYAN)     

Master RSI - 28 Jul 2010 12:29

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.

Chart.aspx?Provider=EODIntra&Code=CYAN&S

hangon - 02 Nov 2015 17:20 - 253 of 272

Newsflow, SP graph
..............Not looking good is it?
Directors buy large chunks of shares ( Well done them ) yet there are sellers out there that just want to off-load their holdings. SP just wanders down further.

Until they can find some decent income-stream this will continue - you cannot rely on retail investors to keep buying - why should they?
Obviously, CYAN Directors "expect" it to come good, but they would and need to protect their earlier commitments . . . . but from my perspective it's not looking like they have something to should about yet . . . and maybe not at all....
EDIT (17Dec2015)- Looks like another 100m dilutive shares have hoved in...Oh deary.

Bullshare - 18 Dec 2015 09:07 - 254 of 272


MEET THE TECH SUPERSTARS OF TOMORROW


A 12-month share price performance of the companies that presented at the Innovators & Investors Forum last year included:

Elecosoft +42%
Idox +22%
Instem +34%
KBC Advanced +45%
XL Media +41%

The Innovators & Investors Forum, organised in partnership with Cenkos Securities and SHARES, is in its 4th year and is the UK's only technology investment show.

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Thousands of investors have attended our previous shows, attendees will also benefit from:

Learning from industry experts and influencers about the markets, the technology sector and individual companies
Find out from fund managers how they view the future in 2016
Meet the directors of up to 30 listed technology focused companies
Listen to our expert team of SHARES journalists

The event is supported with an extensive conference program
Keynote Speakers:

Daniel Coatsworth, Editor - Shares
Mark Dunne, Growth Companies Reporter - SHARES
Steven Frazer, Online Editor - SHARES
Russ Mould, Investment Director - AJ Bell
Richard Penny, Senior Fund Manager - Legal & General UK Alpha Trust
Simon Strong, Head of Research, Growth Companies - Cenkos Securities
Further speakers to be announced soon.

Meet the teams and talk directly to CEOs and Directors from:


Advanced Oncotherapy
ANGLE
CML Microsystems
Cyan Technology
Eckoh
eg solutions
Ilika
Instem
Lombard Risk
Mirada
Plastics Capital
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Further companies to be announced soon.




Date: 2nd February 2016

Venue: Business Design Centre, London



Event timings

Registration: from 09:00
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hangon - 31 Dec 2015 13:59 - 255 of 272

Good luck to anyone that attends - perhaps a run-through of impressions later?
-but please do not copy/paste Co. hand-outs.

CYAN Dirs since 2013 have been investing in their Big Thing . . . yet consistently their trust in themselves has been dashed - so why should anyone else put their money there? I distrust Co's that operate out of the UK . . . it means you cannot really check what's up....and gives rise to the suspicion that they can't convince UK folks to pay for their services either.
If UK Co's can supply suitable metering kit ( and pres. the whole of Europe!), then why does CYAN have to scurry off the other side of the globe? It makes little sense to me. . . . . and their turnover/profits rather confirm it in crisp detail.
I note that one recent Dir details shows LSE Subx - yet that appears to be zippo... anyone?
EDIT (23Feb2016)- RNS - Cyan sells kit to Iran - about £60k-worth . . . but it does show they have sales and it's tech that others want . . . good news of sorts . . . but no mention of "profits" and I missed any "servicing contract" -
EDIT-(6April2016)- sp rises 100% (=0.28p)on large Iran order ( do we sell there, too?) - DYOR....but it seems the sales will be in next FY . . . so expect sp to slip well before then.... still, modestly good news, eh?
EDIT-(11April2016)- Just to bring us down to Ground-level. . . I hope the Dirs have ensured they get a large pre-payment so if this Order goes wrong CYAN shareholders aren't left holding the baby.... Whilst the Order may be a turning-point if it goes well and cust. is satisfied - there are plenty of issues/places where high-tech can falter - unbeknowns on both sides . . . Seller Beware !...
EDIT (29April2016) sp ~ 0.29 - abt. double a short while (no-news) ago. This could be MM "push" -
EDIT(22Aug2016)-sp ~ 1p13, despite a big increase noted here . . . but it's still losing money and no prospect of a dividend for the years we've waiting - AND still dilution reigns. This is a drain.

required field - 07 Apr 2016 09:53 - 256 of 272

Well.....this is a turn up for the book !.......a massive order from Iran of all places !.....£10 million pound contract.....for once one of my dogs is no longer one.....

Clocktower - 07 Apr 2016 13:51 - 257 of 272

Well done for holding the dog required field and good luck better not take profits to early as now the dogs out the trap things should only get better - give it a few more years and the rewards could be very rich indeed.

required field - 24 May 2016 19:59 - 258 of 272

Takeover bid by this company perhaps....had a negative effect on the sp....or another fund raising......not sure what to make of it.....this company has big potential but then look at AFC......can't believe the disappointing sp for that one....time these companies showed their investors some progress for real !....

Bullshare - 25 May 2016 10:53 - 259 of 272

Fund raising


The Board of Cyan Holdings plc notes recent press speculation and confirms that it is considering its financing options to raise approximately £12.5 million to be used for a potential acquisition and for working capital purposes (the "Potential Transaction"), although the terms of any potential placing have not yet been agreed.

The Potential Transaction, if it were to proceed, would be classified as a substantial transaction for the purposes of the AIM Rules for Companies.

A further announcement will be made in due course, as appropriate.

deltazero - 22 Aug 2016 09:53 - 260 of 272

wont be cheap for long - fantastic rns today - near 600% increase in revenues - imminent pipeline orders to be converted and generate large revenues - under the radar for now but not for much longer - gla

Bullshare - 06 Jan 2017 15:55 - 261 of 272

Growth & Innovation Forum 2017


Tuesday 31st January 2017

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Share price performance of some of the companies that attended the last event include:

Cyan +43%

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Thousands of investors have attended our previous shows. This year attendees will be able to:

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Key note Speakers at the Show include:

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Russ Mould, Investment Director - AJ Bell

Richard Penny, Senior Fund Manager - Legal & General UK Alpha Trust

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Further keynote speakers to be announced.


Presenting at the Show and available to meet during the day will be a number of listed company CEOs and Directors:

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Simon Cleaver, CEO - CloudCall

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John Cronin, Executive Chairman - CyanConnode

Philipp Prince, CFO - Defenx

Frontier IP Group

Phil Reason, CEO - Instem

Steve Flavell, co-CEO - LoopUp

Jose Luis Vazquez, CEO - Mirada

Ian Smith, CEO - One pm Finance

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hangon - 06 Jan 2017 17:57 - 262 of 272

CYAN -Electrical Switchery - it's like this co is always passing-round the begging bowl ...True the sp is up, on a year ago...but for earlier funding, say Jan 2015.... Ouch.
Hopeless for LT investment which should be what we are looking-for . . . you can't stock-watch every day and you never know what lies ahead.
Perhaps, because most of their contracts (hopefuls) are overseas, the weaker pound has given (hoped-for) Overseas Sales a boost . . . but I suspect ( but cannot know) the picture will remain upbeat with little sales improvement. I Don't mention "dividend" either.
EDIT (2Feb2017)- sp 0.19 - prob says it all. . . . The engine's still trying, but the clutch is gone
EDIT (20March2017)- Placing at 0.1pence has floored the sp.
EDIT(12Sept2017)-briefly up to 0.2p, soon down today=0.17 ... DYOR
EDIT (18Sept2017)- What's this about Fundraising at 28p consolidated shares?
EDIT(23Nov2017)- sp 24p.....seems CONsolidation was 200:1 - Ooops! Oh and a fundraising - funny that, poor LT shareholders, eh?

skinny - 20 Sep 2017 07:31 - 263 of 272

$29m purchase order for smart metering in Ukraine

Largest Order to Date Successfully Expanding Geographic Reach

CyanConnode, the world leader in narrowband radio mesh networks, has received a purchase order worth $29 million from its strategic partner NIK LLC ("NIK") for a smart metering contract in Ukraine.

The purchase order is significantly larger than any received to date by CyanConnode and marks a further step change in the Company's commercial progress.

As a result of this new contract, the order book, representing the value of purchase orders received but not yet delivered, will be $100 million, which includes $33million of expected software licence and support revenue from the UK smart metering contract.

Purchase Order
The purchase order is for the supply of CyanConnode's hardware and software advanced metering infrastructure solution for a 1 million unit smart metering deployment to be delivered over the next three years.

CyanConnode will receive $13 million for the provision of hardware with the majority of deliveries expected to be weighted towards years two and three.

Once each meter has been installed and is operational, the Head End Server software ("HES") licence payments (to be made on a per meter per year basis) will commence. The HES payments will be made over the 10-year period post installation and will be worth $16 million, providing the company with a recurring revenue stream.

NIK, an energy management system company based in Ukraine, currently manufactures circa. 1.5 million utility meters per year and will integrate CyanConnode's hardware with its meters at their production facility. The NIK smart meters, enabled by CyanConnode's narrowband radio mesh network technology, will be part of NIK's 'smart meter' product offering and will replace their existing ZigBee-based smart meter offering.

This is the Company's first order from NIK for a utility customer in Eastern Europe, and the order size and revenue visibility provided by this contract reflects the Company's ability to win and service large scale contracts providing increasing levels of high margin recurring software revenues.

Furthermore, this order further demonstrates the Company's growing geographical sales footprint in addition to highlighting the advantages of CyanConnode's radio mesh network technology over conventional ZigBee-based solutions.

Strategic Partnership
CyanConnode and NIK have also signed a non-exclusive, strategic partnership agreement to collaborate on the supply of all aspects of smart metering technology for gas and electricity meters, initially in Ukraine. As part of the agreement, NIK will be responsible for all certification of CyanConnode's hardware in Ukraine and when NIK have sold an agreed number of units, it will take over local manufacture of the Company's hardware, under a licensing model.

The Large Market Opportunity in Eastern Europe
A recent report by Northeast Group, a well-respected market intelligence firm based in Washington, DC, highlighted that Central and Eastern European countries are forging ahead with investment in smart grid infrastructure with a reported US$25.2 billion to be invested over the next ten years.1 The overall number of electricity consumers in Ukraine is circa. 16.5 million, providing scope for further significant follow-on orders.

John Cronin, CyanConnode Executive Chairman, commented: "We are pleased to announce such a significant order from our partner, in a new geographic region. This latest contract win further demonstrates the suitability of CyanConnode's award-winning technology for smart metering implementations and the scalability of its collaborative business model.

"NIK has the skills and experience to deliver integrated smart metering deployments in Eastern Europe as well as other markets including Russia and South Asia. We look forward to working with NIK to implement existing contracts as well as win new opportunities."

Sergiy Bokoch, Chief Executive Officer, NIK, commented: "As a leading smart grid solution provider we are seeing more opportunities for narrowband RF mesh networks as the technology offers resilient, feature-rich and cost-effective solutions. NIK selected CyanConnode, to replace its existing ZigBee solution, based on the performance, reliability and the total cost of ownership of CyanConnode's technology. Furthermore, being part of CyanConnode's partner eco-system provides NIK with world class support for the integration and deployment of narrowband networks."

Bullshare - 11 Jan 2018 15:41 - 264 of 272

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hangon - 19 Jan 2018 18:33 - 265 of 272

Oh dear, another round of listening to Execs saying it will be alright.....soon.
Similar pattern about 8-years ago.....
EDIT (23Jan2018)- Buy some if you feel lucky.... but the pattern could be a repeat.... small rise due to Execs telling folk it's all good, then nothing as the sp falters. I don't recall any significant Orders...Let alone repeat orders.... What does this say?
EDIT (28May2018)- sp is ~10p - Yet after CONsolidation ( Oct 2017-DYOR), it reached 30p . Turnover is about £1m with losses about 10x that ... the loss/share is about 10p ( see Accounts) . . . . meanwhile Execs are collectively costing almost £1m ( some payment as Shares)....doesn't look good, does it?
EDIT (15June2018)-CONsolidation was 200:1 DYOR - but now ( that 24p sp), is abt. 8p - Nasty. IMHO....If a Co can't Sell in its HOME Market, Buyer beware!
EDIT (20June2018)- After the AGM a fall to 10p75 doesn't make that CONsolidation look too good, eh? - better than 8p (LOW) but nowhere near the CONsolidated price just a short while ago. Having a Poll at an AGM means the punters don't agree... but Management uses their stock to push policy...IMHO.
EDIT 11Sept2018)-sp 7p after results show losses slightly lower, but years bf profits.
Maybe more CONsolidation to return to double digits? - Huh!
EDIT(24Sept2018)-sp up, up ~12p mid... presumably on Order News. One day there might be a profit from all their time in India. DHB.
EDIT (15Nov 2018)- Seems fundraising has created massive dilution and not much sp benefit to compensate...I guess, but cannot know, this cash will soon be spent and more will be needed as this money pit keeps croaking "more cash" . . . it spiked to 16p (=2-Nov). but has already fallen back to ~10p now.
EDIT (7Dec2018)-Oh dear...Tech licence to China.... sp now 12p, but for how long?

deltazero - 23 Jan 2018 12:27 - 266 of 272

buying opportunity......................................................
;

deltazero - 23 Jan 2018 15:24 - 267 of 272

tide turning..........................

skinny - 19 Jun 2018 14:06 - 268 of 272

Result of Annual General Meeting

CyanConnode Holdings plc (AIM:CYAN.L), the world leader in narrowband radio mesh networks, announces that at the Company's Annual General Meeting held yesterday, all but resolution 6 of the resolutions were duly passed. Resolution 6, being a special resolution, required 75% of votes in favour in order to be passed. A poll was called in respect of this resolution and 74.5% of votes cast voted in favour of the resolution. This resolution is an enabling resolution that does not affect the strategy or the day-to-day running of the business.

The Company is also pleased to announce that the R&D tax credit refund has now been received.

The Company gave a short update on 2018 trading at the meeting - the slide relating to this can be found at http://cyanconnode.com/investors/presentations/

skinny - 24 Sep 2018 07:28 - 269 of 272

$2.9 million order for support contract for Indian smart metering deployment

CyanConnode (AIM: CYAN), a world leader in narrowband radio frequency (RF) mesh networks, is pleased to announce the receipt of a $2.9 million purchase order for a five-year support and maintenance contract for an Omnimesh smart metering deployment by a State-Owned Utility in India.

This contract relates to the $11.6 million purchase order announced last week, for Omnimesh IPv6-based hardware, perpetual software licenses and services, received from a Tier One Metering Partner. It includes support and maintenance of the RF Canopy, firmware and software support and training. The contract will start within six months from the commencement of meter installations and is for an initial period of five years.

Anil Daulani, Managing Director of CyanConnode Pvt Limited, commented: "We are very pleased to announce this significant, follow-on order for support and maintenance for the Omnimesh smart metering solution being provided to the State-Owned Utility. As an integrated network services company, we have the technology, partners and expertise to provide end-to-end smart metering RF communications solutions that enable utilities to reduce their cost to serve and improve customer experience.

"This contract demonstrates our commitment and ability to provide both world class technology and expert support to customers, from integration to ongoing maintenance. CyanConnode designs, delivers and supports solutions and services which enable organisations to create, improve and operate the smart networks that their businesses depend on. Our comprehensive approach builds customer confidence and loyalty, providing scope for follow-on orders as well as further revenue streams."

The Omnimesh product was officially launched on 27 June 2018 and the total value of orders received for this new product is now more than $18.9 million, which demonstrates its suitability for the Indian smart metering market.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

black bird - 24 Sep 2018 10:49 - 270 of 272

sell say share prophets 18/9/18 indian order 24/9/18... profit & divi may never see one, will buy again on weakness, 10p ? BB

skinny - 19 Oct 2018 07:04 - 271 of 272

This explains the recent spike, thanks but.....

Proposed Placing, Subscription and Open Offer

skinny - 06 Nov 2018 10:53 - 272 of 272

CyanConnode (AIM: CYAN), a world leader in narrowband radio frequency mesh networks, announces that at the Company's General Meeting held yesterday, all of the resolutions were duly passed.

Open Offer

The last time and date for receipt of completed application forms and payment in full under the Open Offer was 11.00 a.m. on 5 November 2018. The Company announces that at that time that it had received valid acceptances in respect of 3,372,083 Open Offer Shares from Qualifying Shareholders, including applications under the Excess Application Facility, with a value of approximately GBP0.3m. This represents approximately 65.6% of the 5,142,961 Open Offer Shares offered. As a consequence, the Company has conditionally raised GBP5.4 million (before expenses) in aggregate through the Placing, Subscription and Open Offer.

Application will be made for 15,972,083 Fundraising Shares to be admitted to trading on AIM now expected on on 7 November 2018 and application will also be made for 37,852,391 Fundraising Shares to be admitted to trading on AIM now expected on 8 November 2018.

Director Dealings

Following the Fundraising the Director's relevant holdings will be as follows:


Number Percentage Shares acquired Resultant Percentage
of Existing of Existing in the Fundraising Holding of Enlarged
Ordinary Ordinary inc. Open Share Capital
Shares Share Capital Offer
Director
John Cronin 2,413,467 1.88% 1,000,000 3,413,467 1.87%
Harry Berry 624,219 0.49% 200,000 824,219 0.45%
Heather Peacock 178,255 0.14% 100,000 278,255 0.15%
David Johns-Powell 10,083,490 7.84% 7,500,000 17,583,490 9.64%
TOTAL 13,629,425 10.60% 8,800,000 22,429,425 12.29%
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