Technika LED32-248 Stuck in standby

[kumarj]

Hi, I would like help with this TV please. The TV has a constant red light. I have checked PSU and all voltages are correct (except I think my multi-meter needs replacing/calibrating).
So, I have checked all other boards and connected/disconnected ribbon/connectors and still no joy.
However, if I sit there and continue to cycle power switch and power button after 5-10 minutes the led will turn blue.
Sometimes it will stay blue until I switch it off but very occasionally the TV will come on and work perfectly.
The side buttons all work as they should at this time.
It will stay on until I switch it off and after that it stays on red standby again with the same fault.
Does this mean that the PSU is definitely ok? The caps all look ok and there is no noise or smell.
I am leaning towards the eeprom which I have read about on the net and wonder if this is the culprit?
So I am asking if anyone can help or am I barking up the wrong tree!

Thanks

Jet