Cyan (AIM: CYAN.L), a fabless semiconductor company providing configurable application software and production ready modules based on feature rich, low power, microcontroller chips, is pleased to announce the appointment of David Gutteridge as Non-Executive Director.
David has over fifteen years experience in the technology and IT sectors. He has held the position of director of a number of public and private companies where he has made a significant contribution to their business and strategic development. He has extensive experience in listings, management buy-outs and buy-ins, venture capital start ups as well as acquisitions and disposals.
David's last executive role was as Chief Operating Officer and Finance Director of UK based banking software provider Financial Objects plc where he led the Company's flotation on the Main Market of the London Stock Exchange as well as the organic and acquisitive growth of the business.
David is currently a senior independent Non-Executive Director of Sanderson plc, a GBP30 million revenue software solutions company and the Chairman of Tinglobal Limited, a private equity backed IT solutions vendor. He is a CIMA qualified accountant.
Kenn Lamb, CEO of Cyan, commented on the appointment: "We are delighted to strengthen our team with the appointment of David. He brings significant PLC experience to Cyan and is the perfect appointment for the company at this stage in its development. Having established firm foundations over the last years with our listing on the AIM market and the restructuring of the business, David will play a key role going forward as we successfully implement our new business strategy."
In accordance with Schedule 2 (g) of the AIM Rules, David James Gutteridge, aged 56, has the following directorships:
Current Directorships:
| Sanderson Group plc |
| Tinglobal Limited |
| Pentlands Services Limited |
| Tindirect Limited |
| Weeerit.com Limited |
Other Directorships within the last five years:
| Financial Objects plc | Resigned 10/01/2003 |
| Financial Objects (UK) Limited | Resigned 10/01/2003 |
| Financial Objects International Limited | Resigned 10/01/2003 |
| Fino Software Services Limited | Resigned 10/01/2003 |
| 9000 Limited | Resigned 10/01/2003 |
| Global Financial Systems Limited | Resigned 10/01/2003 |
For further information, please contact:
| Cyan Holdings plc | |
| Kenn Lamb, CEO Andrew Lee, Finance Director |
Tel: +44 (0) 1954 234 400 |
| www.cyantechnology.com | |
| Collins Stewart Europe Limited | |
| Chris Howard / Oliver Quarmby | Tel: +44 (0) 20 7523 8350 |
| Corporate Finance | www.collins-stewart.com |
Media enquiries:
| Abchurch Communications | |
| Heather Salmond / Franziska Boehnke | Tel: +44 (0) 20 7398 7716 |
| franziska.boehnke@abchurch-group.com | www.abchurch-group.com |
Notes to Editors
Based in Cambridge in the UK, Cyan Holdings plc is a fabless semiconductor company specializing in the development of applications solutions collectively known as "Cy SolvedTM" which are built upon the company's low powered, configurable eCOG1k and eCOG1x microcontroller chips.
Cy-Solved incorporates ready to go solutions, software stacks, applications examples, modular software based on easy to use APIs, evaluation boards and production hardware modules from partners, all pulled together through Cyan's free integrated development environment CyanIDETM. Cy-Solved can be incorporated as-is into an application but also supports an ability to be easily customised - either way, giving users a head start on the road to market. Currently available Cy-Solved applications include RF-Solved, USB-Solved, Ethernet-Solved and Motor Control-Solved.
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