Cyan it has received orders worth $1m in new business this year.
The Cambridge-based fabless chip company will supply 50,000 automated meter modules incorporating its microcontrollers and networking software to a Chinese manufacturer.
The order comprises over 700 units already paid for, plus the balance of the 50,000 units scheduled for delivery in batches between July and December.
“This customer is bidding on projects that might realistically involve further orders of up to another 130,000 units during 2009,” said Cyan.
A second Chinese order is for 10,000 street lamp controller modules based on Cyan’s microcontrollers and software.
The order comprises 2,000 units to be delivered in July, plus a further 8,000 units for delivery in batches by year end.
According to Cyan, another larger and well established Chinese street lamp supplier is expected to schedule field trials that if successful “presents Cyan with the possibility of an initial 500,000 unit order in 2009 for delivery in 2010”.
“While these are clearly challenging times, there is a very real feeling of progress within Cyan, and a recognition that the Company's module based strategy offers the prospect of near-term traction in the market place,” said Kenn Lamb, CEO of Cyan.
In Europe, Cyan has received an order for 5,000 microcontrollers and an LoI for a further 20,000 microcontrollers to be incorporated within a jointly designed gateway for automated metering networks.
“There are a number of further exciting opportunities, particularly in the field of RF enabled microcontrollers, where we are working closely with Micrel amongst others, and in the field of demand control products for regions with insufficient electricity generation capacity,” said Lamb.