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Annual Report & Financial Statements 2009 - About Cyan
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Report and Financial Statements 2009 • Chairman's Statement • Chief Executive's Review of Operations • Directors' Report • Board of Directors • Corporate Governance Report • Remuneration Committee Report • Directors' Responsibilities Statement • Independent Auditors' Report • Financial Statements • Notes to the Financial Statements • Notice of AGM • Form of Proxy • Officers and Professional Advisers Based in Cambridge in the UK, Cyan Holdings plc is a fabless semiconductor company specializing in the development of wireless monitoring and control products for managing lighting systems and for implementing automated meter reading. Cyan supplies complete systems as production ready wireless enabled modules suitable for either new installation or retrofitting. Cyan's products operate in all international frequency bands allocated for these functions and provide user access through the Internet or mobile telephone networks. Cyan wireless products support international networking standards such as Zigbee and Wireless M-Bus. Cyan also offers a proprietary mesh networking protocol CyNet that has been optimised for use in building, street and tunnel lighting as well as automated meter reading and demand control. All Cyan's products use Cyan microcontroller chips (MCU's), that have been designed by the company and incorporate features that reduce both system cost and power consumption by minimising the requirement for additional components. Cyan's strategy is to supply manufacturers with families of low cost products that provide all the hardware and software required to upgrade their existing products, particularly utility meters and lighting control systems, to offer wireless control. All Cyan systems 'work straight out of the box' and are easy to use, modify and deploy. Cyan is delighted to work with one of the largest electronics distributors in the world, Future Electronics who have 169 offices in 44 countries and has partnered with us to distribute Cyan products. Cyan's products deliver ongoing cost savings to OEM's, that can in turn recover the cost of purchase and installation in a period that is short compared to the product's lifetime. Cyan lighting control systems: Reduce power consumption through dimming; either event (motion) or time of day (eg: street lighting). Reduce maintenance costs through real time monitoring of status; (on/off ) and temperature (lifetime). Cyan meter monitoring systems enable remote meter reading and control: Reducing meter reading costs. Enabling user profiling to detect meter tampering. Supporting remote on/off control to enforce payment or proactively manage demand. Increase generation efficiency by use of time of day tariffs to modify consumer behavior. Cyan also markets its MCUs as components for use in a variety of electronic products and its module for general use in industrial wireless control markets. The Company was founded in 2002 and listed on AIM in 2005. Cyan Holdings plc operates through the brand 'Cyan'. Website: http://www.cyantechnology.com About Cyan