Cyan Holdings' revenues rise on acquisition and global contracts
6th Jul 2016 14:47
(ShareCast News) - Integrated systems and software design company Cyan Holdings' half year profits rose in line with expectation as due to the acquisition of CyanCannode and a growth of international contracts. In the AIM listed company's trading update for the six months ended 30 June, it said reve
Read moreCyan Holdings buys Connode for £6.8m
14th Jun 2016 12:19
(ShareCast News) - Cyan Holdings, a British integrated system and software design company, has bought Connode, a Swedish supplier of wireless communication products, for £6.8m. The sale will be partly funded through a share placing and a subscription. The £6.8m sale of Connode consists of £4.3m in c
Read moreCyan Holdings surges after securing Iran meter contract
6th Apr 2016 14:28
(ShareCast News) - Shares in Cyan Holdings surged on Wednesday after the smart metering company said it has received an order for around £10m from telecommunications contractor Micromodje in Iran. Cyan said the order, for a 360,000 unit smart electricity metering implementation, was larger than any
Read moreCyan completes historic Iranian deal
9th Feb 2016 12:15
(ShareCast News) - Cyan Holdings completed a small but historic deal this week, revealing on Tuesday it was demonstrating a proof-of-concept of smart electricity metering for traffic cameras in Iran just weeks after international sanctions on the country were lifted. A total of 2,000 units were orde
Read moreCyan banking on demand for smart metering
26th Jan 2016 09:35
(ShareCast News) - Global demand for smart energy meters was driving momentum at Cyan Holdings, as the group talked up its position on Tuesday ahead of its full year results to 31 December 2015. The AIM-listed system and software design company said during the year, it made strong inroads into the s
Read moreCyan Holdings raises £4.1m from placing
8th Jun 2015 14:31
Cyan Holdings has raised £4.1m from the placing and subscription of 2.06m shares. The proceeds will be used to fund staffing costs for the delivery of customer projects won in India, development and delivery of managed service solutions, business development, customer deployments and further product
Read moreCyan shares jump on potential $3m smart meter order
20th May 2015 16:01
Cambridge-based tech group Cyan Holdings has received a letter of intent for a smart meter order in western Africa potentially worth $3m, causing shares to surge. The smart energy solutions company's one subsidiary, Cyan Technology, which provides wireless solutions for utility metering and lighting
Read moreCyan, GridSense team up to launch smart grid metering
12th Aug 2014 14:01
Software design group Cyan is set to team up with GridSense to market smart grid solutions in India and other emerging regions. The firm will work alongside GridSense to reduce losses in transmission and distribution as well as commercial losses caused by low metering efficiency and theft. Cyan's
Read moreCyan sizzles on Tata contract win in Mumbai
1st Jul 2014 11:30
Shares in Cyan, the developer of smart utility meters and lighting controls, have sparkled after its technology received a major contract boost in India. A consortium that will employ Cyan's CyLec advanced metering infrastructure (AMI) solution has been selected by Tata Power Mumbai for a sizeable
Read moreCyan jumps on further contract win in Brazil
17th Jun 2014 09:55
AIM-listed Cyan Holdings saw its shares leap by a third on Tuesday morning after the software designer won a contract from partner Nobre to run a second pilot of its retrofit smart metering unit in Brazil, following the success of the first. The second pilot will test whether the consumer's power
Read moreCyan Holdings to raise 1.1m pounds in placing
2nd Dec 2013 15:22
Wireless technology group Cyan Holdings unveiled plans to raise 1.1m pounds in a share placing, hitting its shares by 0.03p to 0.18p at 15:09 in London. Cyan, which designs software for wireless utility metering and lighting control, plans to issue 733m ordinary shares at 0.15p each. It expects t
Read moreCyan signs Brazilian smart-meter partnership
18th Sep 2013 11:32
Wireless technology innovator Cyan Holdings has formed a partnership in Brazil with a local technology company to sell automated electricity meter reading (AMR) products and services. Cyan has teamed up with systems integrator Nobre de la Torre to collaborate on the development, supply and system
Read moreCyan suffers Indian delay but eyes imminent close
31st May 2013 11:45
Wireless controls specialist Cyan's revenues shrank by almost a third last year but the company trimmed losses and said a 'transformational' contract in India was nearing completion. The Aim outfit, whose wireless solutions are being used by a number of utility meter companies to create 'smart met
Read moreMonday broker round-up UPDATE
8th Apr 2013 07:21
Aberdeen Asset Management: Jefferies takes target price from 400p to 420p maintaining a hold recommendation. Admiral Group: Credit Suisse increases target price from 1320p to 1351p keeping a neutral rating. Antofagasta: Investec moves target price from 958p to 934p keeping a sell recommendation.
Read moreCyan Holdings raises funds as it waits on India contract
5th Apr 2013 11:43
Cyan Holdings has raised one million dollars as it waits for a decision on an electricity metre contract in India. The company sold 223m new ordinary shares at price of 0.45p per share to raise the funding needed to tide it over until an agreement is reached with the Tamil Nadu Electricity Board (T
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