Cyan Holdings (LON:CYAN) - Major Indian CyLec order
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.
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