News Release from: Cyan Technology
Edited by the Electronicstalk Editorial Team on 15 November 2005
Cyan AIMs for listing
Cyan Holdings is to seek admission of its ordinary shares to trading on the Alternative Investment Market of the London Stock Exchange.
Note: Readers of the Editor’s free email newsletter will have read this news when it was announced. . It’s free!
Cyan Holdings, the fabless semiconductor company specialising in the development of low powered, configurable microcontroller chips, is to seek admission of its ordinary shares to trading on the Alternative Investment Market of the London Stock Exchange. Collins Stewart is acting as Nominated adviser and broker to Cyan. Dealings are expected to commence on AIM on 5th December 2005.
Paul Johnson, CEO of Cyan, said: 'Cyan has pioneered the idea of an integrated development of software support tools with the design of the microprocessor unit'.
'We have developed a software development tool, CyanIDE that automatically writes the difficult but necessary configuration software, perfectly matched to the product range it supports'.
'Cyan is a fabless semiconductor company meaning that chip manufacture, assembly, testing and shipping is completely outsourced, eliminating the need for manufacturing capital costs'.
'Therefore we can enjoy very low capital intensity'.
Johnson, the founding director and CEO of Cyan, gained a PhD in electronics from Bradford University.
His industrial career started at Cambridge Consultants where he primarily worked on high-speed analogue to digital convertors, sonar and imaging systems.
Johnson went on to found one of the first Cambridge companies involved in personal computing in the early 1980s.
Dr John Read will join Cyan Technology as nonexecutive on admission to AIM.
Read brings a wealth of experience to Cyan, with a career spanning 30 years in the semiconductor industry.
He began as Director of Engineering in 1973 with US-based Honeywell Solid State Centre and has since held senior positions at Texas Instruments, STC Telecommunications, Marconi and latterly as Joint President at GPS Plessey Semiconductors.
Professor Mike Hughes, Chairman of Cyan, previously of GEC and CEO of Midlands Electricity, commented on Read's appointment: 'I am extremely pleased to welcome Dr John Read to the board'.
'He has considerable experience in the semiconductor industry, startups and PLCs which will be invaluable to our strategy'.
'When I joined I was very impressed in general with the expertise and capability of Paul Johnson's team'.
Commenting on the decision to float on AIM, Paul Johnson added: 'This is an extremely exciting opportunity for the company'.
'Having achieved a number of design wins for the first product, the flotation on AIM should provide Cyan with the opportunity to expand its product range and exploit the high-growth semiconductor market in which it operates'.
'We believe our combination of ultra-low-power flexible microcontrollers and software development toolkit sets Cyan apart'.
• Cyan Technology: contact details and other news
• Other news in Microprocessors, Microcontrollers and DSPs
• Email this news to a colleague
•
• RSS news feed for Cyan Technology
• RSS news feed for Microprocessors, Microcontrollers and DSPs
• Electronicstalk Home Page
Copyright © 2000-2006 Pro-Talk Ltd, UK. Based on news supplied by Cyan Technology