Acknowledged At The IPPAI Power Awards 2018

CyanConnode Holdings plc

("CyanConnode" or the "Company")

CyanConnode Acknowledged At The IPPAI Power Awards 2018

CyanConnode, a world leader in Narrowband Radio Frequency ("RF") Mesh Networks, is pleased to announce that its revolutionary Omnimesh platform has been acknowledged at The Independent Power Producers Association of India ("IPPAI") Power Awards 2018.

The IPPAI Power Awards recognise individuals and bodies that have significantly contributed to the development of the power sector in India.  CyanConnode's innovative technology was acknowledged in the "Innovation in Techno Commercial - IPv6 over Low-Power Wireless Personal Area Networks ("6LoWPAN") Technology" category.

CyanConnode's standards-based  technology was recognised for being cost-effective, scalable and meeting the Advanced Metering Infrastructure ("AMI") requirements of the Indian smart metering market. The award was presented by IPPAI's Director General, Harry Dhaul, to CyanConnode Pvt Limited's Senior Business Manager, Subir Majumdar.

Delivered as part of CyanConnode's Omni IoT Platform, Omnimesh RF Mesh Networks are self-forming and self-healing, provide unlimited coverage and reliable communication capabilities, supporting the Smart Grid.

Anil Daulani, Managing Director of CyanConnode Pvt Limited, commented: "We are delighted to receive this prestigious award, which recognises our highly innovative technology and market leading position. CyanConnode's approach ensures that we have the right technology, partners and expertise to provide secure, cost-effective smart metering communication solutions based on RF Mesh Networks. Our technology enables Utilities to reduce their operating costs, maximise billing revenues as well as improving customer experience.

"Omnimesh was engineered to be affordable for the Indian market and it allows Utilities to gather complete, accurate and timely metering data to assist them in reducing technical and non‐technical power losses.  The suitability of Omnimesh for the Indian market is demonstrated by customer contracts to date of a total value of $18.9 million."

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About CyanConnode

CyanConnode is a world leader in Narrowband Radio Frequency (RF) Mesh Networks that facilitate machine to machine (M2M) communication. CyanConnode's innovative technology uses the industrial, scientific, and medical radio band, (ISM), which is optimised to give exceptional performance and competitive total cost of ownership. Through global partnerships, CyanConnode provides customers with a solution for the rapid deployment of local or countrywide ISM RF Mesh Networks that provide reliable and secure M2M communication.

For more information, please visit www.cyanconnode.com

About IPPAI

IPPAI was set up as a not-for-pro-fit association shortly after the Government of India opened the power sector to private industry. Since its inception as an independent body in 1994, IPPAI's aim has been to provide a neutral platform for the examination of issues critical to the development of the power sector in India, to discuss energy policy and to focus on strategic, financial, legal, regulatory and technical issues in the power, oil, gas and allied sectors with a prime focus on independent power producers.

As we initiate dialogues within the power sector incorporating environmental and socio-ecological concerns in our deliberations, we look at strategies which are more holistic and do not prescribe economic growth at the cost of the environment. Moving ahead, we are keen to bring a sustainable approach in our policies.

For more information, please visit www.ippai.org/home.aspx