CyanConnode Holdings PLC CyanConnode selected as EESL Technology Partner

TIDMCYAN

CyanConnode Holdings PLC

12 April 2021

REACH

CyanConnode Holdings plc

("CyanConnode" or the "Company")

CyanConnode selected as Technology Partner for EESL

Energy Solutions in Middle East and Africa

CyanConnode, a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, is pleased to announce that it has been engaged by EESL Energy Solutions LLC, Dubai, (EESL), as technology partner for projects in the Middle East and Africa for smart metering and smart lighting projects.

EESL India is a joint venture of four Indian public-sector undertakings; NTPC Limited, Power Finance Corporation Limited, Rural Electrification Corporation Limited and POWERGRID Corporation of India Limited. EESL has also established a Joint Venture in Dubai, partnering with Hansa Energy Solutions to form EESL Energy Solutions LLC.

John Cronin, Executive Chairman, CyanConnode, commented :

"I am delighted to announce this partnership with EESL Energy Solutions, which I believe will deliver new opportunities for CyanConnode.

"Offering a range of business models gives a flexible approach to our partnership with EESL and we look forward to collaborating with them to develop and deliver large-scale projects in the Middle East and African markets."

Saurabh Kumar, EESL Executive Vice Chairperson, commented:

"EESL Energy Solutions is promoting energy efficiency projects in the Middle East and Africa and is pleased to be partnering with CyanConnode. We have selected CyanConnode as Technology Partner to leverage its market-leading RF Mesh Technology.

"I look forward to a successful collaborative partnership with CyanConnode."

- Ends -

Enquiries:

CyanConnode Holdings plc Tel: [phone]

John Cronin, Executive Chairman www.cyanconnode.com

Arden Partners plc (Joint Broker) Tel: [phone]

Paul Shackleton / Dan Gee-Summons (Corporate Finance)

Simon Johnson (Corporate Broking)

About CyanConnode

CyanConnode (AIM:CYAN.L), is a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, which are used for machine to machine (M2M) communication. As well as being self-forming and self-healing, CyanConnode's RF Smart Mesh Networks are designed for rapid deployment, whilst giving exceptional performance and competitive total cost of ownership.

In June 2018, CyanConnode launched its award-winning Omnimesh Advanced Metering Infrastructure (AMI) platform, which has already gained considerable commercial traction, especially in India which is a key market for the Company.

Through a Global partner eco-system, which is vendor agnostic, CyanConnode has several routes to market, therefore it is well positioned to capitalise upon increasing Global demand for smart metering solutions.

For more information, please visit www.cyanconnode.com

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April 12, 2021 02:00 ET (06:00 GMT)