News briefs: Cyan losses widen; Cybit wins new contracts, Tadpole raises interim capital
Cyan Holdings plc, a fabless semiconductor company providing configurable application software and production ready modules based on feature rich, low power chips, said its losses for the year ended 31 December 2007 widened to £4.6m (2006: loss of £3.0m) after £1.0m of restructuring and non-recurring costs.
CEO Kenn Lamb (pictured) said that by year end the company had “completed its restructuring program and introduced new products in the European and Asian markets.
“The progress achieved is ahead of our expectations and the new products have been well received in each market. We look forward to reporting further evidence of progress and growing sales traction over the next quarter. Feedback from partners, sales channels and early prospects indicate that Cyan is now well positioned to deliver the true potential of the business.”
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Cybit Holdings plc, the innovative Telematics service provider, announced several contract renewals, extensions and new business wins. The aggregate value of these new contracts for its Fleetstar Vehicle Tracking System is over £1.2m.
Fleetstar-Online is Cybit’s Internet-based telematics solution offering anytime, anywhere access to the system via the web. The system enables customers to see the exact location, journey history and speed of every vehicle in their fleet.
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Cambridge Consultants announced the first demonstration of the emerging industry standards for medical device interoperability. The ‘Vena’ platform is a breakthrough software solution on a single chip that allows medical devices such as blood pressure monitors to transmit data wirelessly. The development gives consumers, especially those with chronic conditions, the ability to monitor their own health accurately, systematically and independently. This platform uses low-cost wireless technology and will allow devices to deliver medical readings to a central monitor located in the home, or even to an online health record such as Google Health or Microsoft Health Vault. The Vena software solution can be added to a medical device using hardware with a potential cost of less than $10 at the appropriate volumes and could even be available in medical devices by the end of 2008.
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CSR launched MusiCore1, the world's first fully featured single-chip stereo audio processor+Bluetooth for mobile phones. MusiCore1 technology presents handset makers with the first practical audio processor architecture for phone designs, saving the cost, space and power of adding a separate audio processor. MusiCore1 features state of the art audio enhancement technologies for MP3 audio and superior voice clarity. Handset makers using CSR's MusiCore1 can, for the first time, have stereo audio along with fully featured Bluetooth on a single chip; MusiCore1 saves 75 percent of the cost of an audio processor, over 36mm2 of space and enables 100 hours of music playback.
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Cambridge Broadband Networks has won a contract from cellco MTN Nigeria to deploy its ‘VectaStar’ microwave backhaul product. Under the deal, MTN will use VectaStar to wirelessly backhaul its 3G traffic in six main cities before spreading to cover the entire country. The move is a part of the cellco’s plans to migrate to an all-IP network. The initial installation will comprise 40 hubs to backhaul traffic from 454 3G transmitters, and is the first stage in MTN’s planned deployment of nationwide point-to-multipoint microwave backhaul. This method makes more efficient use of radio spectrum and infrastructure than other transmission types such as point-to-point.
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Tadpole Technology plc issued £0.23m nominal value convertible loan notes to provide additional short term working capital it finalises the larger fundraising.
27th March 2008
