May 17th 2012 - Edison Investment Research today published a report on Cyan Holdings (CYAN.L, LSE:CYAN, LON:CYAN) entitled "Major Indian CyLec Order". In summary, the report says:
Cyan has received its largest order to date in the Indian market, worth over $1m. The order provides an endorsement of Cyan’s CyLec technology, and shows that the recent development work undertaken to support the Indian electricity metering market has paid off. The TNEB tender in India (for which the outcome is due imminently) could provide additional material orders in this market.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »