Cyan increases operations in India

AIM-listed Cyan Holdings, the integrated system and software design company, has appointed Shiv Kaushik as Country Manager in India.

AIM-listed Cyan Holdings, the integrated system and software design company, has appointed Shiv Kaushik as Country Manager in India.

Kaushik, who has more than 18 years of experience with IT companies, will be involved in Cyan's strategy to build key relationships in the energy and utility sector in India.

Cyan has also recruited two local Senior Field Application Engineers to provide additional customer and technical support in India.

In addition to the recruitment of field-based personnel, Cyan is also qualifying additional manufacturing facilities in the form of two India-based tier-1 Contract Equipment Manufacturers.

Both manufacturers are global companies offering original equipment manufacturer services and hold ISO 9001 and other regulatory certificates. Part of the qualification process is a pre-production build to verify quality and performance. Cyan said that additional manufacturing facilities would work in parallel with the current production in China to meet volume demands going forward.

John Cronin, Executive Chairman of Cyan, said: "We are pleased to welcome Shiv and the application engineers to Cyan. As demand grows for Cyan's Advanced Metering Infrastructure solutions, it is necessary for Cyan to develop partnerships with industry leaders who can provide the knowledge and expertise."

"We are also pleased to be adding additional manufacturing capacity to meet local demand in India."

Cyan's share price was up 12.39% to 0.64p at 12:22 on Monday.

MF

Recommended

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework
Investment strategy

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework

John Stepek talks to Steve Clapham, investor, analyst and author of The Smart Money Method, about the dangers in picking individual stocks and why you…
8 Apr 2021
BP looks set to return more money to shareholders as it beats expectations
Energy stocks

BP looks set to return more money to shareholders as it beats expectations

Oil major BP is to embark on a share buyback programme after significantly reducing its debts. Saloni Sardana looks at what it means for your portfoli…
6 Apr 2021
Deliveroo has hit the market – but it’s not getting the warmest welcome
UK stockmarkets

Deliveroo has hit the market – but it’s not getting the warmest welcome

Food delivery company Deliveroo made its debut on the stockmarket this morning. But with the share price sliding by 30% straight away, it’s not made t…
31 Mar 2021
Three stocks to buy now that will come back stronger after Covid-19
Share tips

Three stocks to buy now that will come back stronger after Covid-19

Professional investor Ed Wielechowski of Odyssean Capital, chooses three compelling stocks that should thrive in a post-pandemic world.
29 Mar 2021

Most Popular

The bitcoin bubble will burst: here’s how to play it
Bitcoin

The bitcoin bubble will burst: here’s how to play it

The cryptocurrency’s price has soared far beyond its fundamentals, says Matthew Partridge. Here, he looks at how to short bitcoin.
12 Apr 2021
Four investment trusts for income investors to buy now
Investment trusts

Four investment trusts for income investors to buy now

Some high-yielding listed lending funds have come through the crisis with flying colours. David Stevenson picks four of the best.
12 Apr 2021
Central banks are rushing to build digital currencies. What are they, and what do they mean for you?
Bitcoin

Central banks are rushing to build digital currencies. What are they, and what do they mean for you?

As bitcoin continues to soar in value, many of the world’s central banks are looking to emulate it by issuing their own digital currencies. But centra…
8 Apr 2021