8th Jun 2006 09:38
Cyan Holdings Plc08 June 2006 Press Release 8 June 2006 Cyan Holdings Plc ("Cyan" or "the Group") Cyan Technology appoints German distribution company to sell eCOG microcontrollers Technical strength and application of CyanIDE will influence Cyan's microcontroller business across two continents Cyan Holdings Plc (AIM: CYAN.L), the fabless semiconductor company specialisingin the development of low power consumption, configurable microcontroller chips,has appointed high-tech Germany-based distribution company Glyn GmbH to sellCyan's low power highly-reconfigurable eCOG microcontrollers. Primarilytargeting Germany, this agreement will also develop business for Cyan inAustria, Norway, Sweden, Australia and New Zealand. With a turn-over in excess of 100million Euros Glyn is now Cyan's largestdistributor outside China where Cyan has already seen significant design-ins andorders. Glyn Jones, MD of Glyn said, "We have watched Paul and the team at Cyan growtheir offering over the last two years and firmly believe the eCOG range willmaximise our ability to meet certain developers' emands. Increasingly they needmore functionality but with lower power consumption. Right now very few devicesreally meet those requirements. "Cyan provides this lower power demand and, in addition, ever-presenttime-to-market pressures can also be reduced by Cyan's world class developmenttools. The eCOG range's capabilities combined with Cyan's CyanIDE tools presentenormous possibilities for us." Paul Johnson, CEO of Cyan, commented: "All the markets that Glyn covers areimportant to Cyan and Germany is one of the world's biggest specifiers ofmicrocontrollers. We believe that Glyn's highly regarded team will help us gaina notable share of that market and, based on its track-record, we also expectGlyn to capture some excellent design-ins for Cyan in the other territories. "Convincing designers to select a new microcontroller supplier requires acertain approach and a great deal of dedication and education, we know that theprocess is now in excellent hands." Cyan now has distribution in more than 50 countries worldwide and has its ownsales and technical support office in Hong Kong to service the fast growingelectronics market in East Asia. - ends - Cyan Holdings plcPaul Johnson, Chief Executive Officer Tel: +44 (0) 1954 234 400 www.cyantechnology.com ------------------------ Collins Stewart LimitedStephen Keys, Corporate Finance Tel: +44 (0) 20 7523 8312 www.collins-stewart.com -------------------------- Media enquiries:Abchurch CommunicationsHeather Salmond / Franziska Boehnke Tel: +44 (0) 20 7398 [email protected] www.abchurch-group.com-------------------------------------- -------------------------EMLAndrew Shephard, EML Tel: +44 (0)20 8408 8000 [email protected] About Cyan Technology Based in Cambridge in the UK, Cyan Technology is a fabless semiconductor companythat focuses on the development of peripheral-rich ultra-low poweredmicrocontrollers and its patented CyanIDE development tools. Cyan'smulti-purpose flash microcontrollers offer significant advantages inease-of-use, price, performance and ultra-low power consumption. Cyan's own integrated development environment CyanIDE is issued free to allcustomers and includes a full ANSI C-compiler, Editor, Project File Manager,Simulator, Debugger and In-system Programmer supports the Company's entire rangeof current and future microcontrollers. The software makes chip integration intocustomers' products simple, quick, reliable and hence less expensive whiledramatically reducing development time. Cyan Holdings plc is listed on theAlternative Investment Market on the London Stock Exchange, symbol CYAN.L www.cyantechnology.com CyanIDE and eCOG are registered trade marks of Cyan Holdings plc. About Glyn Jones GmbH & Co Founded in 1980 and with headquarters in Wiesbaden, Germany - Glyn is aspecialist electronics distributor with a large technically qualified customersupport team. The company's growth over the last 5 years has exceeded the marketevery year. Glyn's line-card includes Sony, Infineon, Mitsubishi, NEC andToshiba. www.glyn.de This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Cyanconnode