30 June 2006
Cyan Holdings Plc (AIM: CYAN.L), the fabless semiconductor company specialising in the development of low powered, configurable microcontroller chips, announces its Interim Results for the six months ended 30 June 2006.
Business Highlights
- new 16 bit eCOG1X microcontroller product range released for production
- Tier One global brand name opportunity over 1 million units per annum
- 14 design wins already for eCOG1X estimated to generate 250,000 units per annum
- 18 further opportunities for eCOG1X over 50,000 units per annum amounting to 3.5 million units per annum
- P&L and cash reserves in line with forecasts
- Cyan Asia well established and generating significant opportunities
- Strong pipeline of business building
- Very strong position in the huge Chinese tax control terminal market with potential for significant market share
Commenting on the results, Paul Johnson, Chief Executive, of Cyan, said: "We have seen tremendous potential in China and are buoyed by our solid relationships throughout the area. Our eCOG1X product range will generate significant business in Europe and Asia as demonstrated by early stage design wins and opportunities. We look forward to continued and increasing success in Asia."
The full results are available to view and download in PDF format.
For further information:
| Cyan Holdings plc | |
| Paul Johnson, Chief Executive Officer | Tel: +44 (0) 1954 234 400 |
| Collins Stewart Limited | |
| Simon Atkinson, Corporate Finance | Tel: +44 (0) 20
7523 8350 www.collins-stewart.com |
Media enquiries:
| Abchurch Communications | |
| Heather Salmond /
Franziska Böhnke franziska.boehnke@abchurch-group.com |
Tel: +44 (0) 20 7398 7700 www.abchurch-group.com |