Cyanconnode Regulatory News (CYAN)

Cyan Holdings plc("CyanConnode" or the "Company")

CyanConnode Wins Two Frost & Sullivan Awards for Excellence

Cambridge, UK: CyanConnode, the world leader in narrowband RF networks for Omni Internet of Things (IoT) communications, has won two Frost & Sullivan best practices titles in the 2016 awards. The Company was awarded the Global Smart Meter Growth Excellence Leadership Award and the Award for Best Practices in Enabling Technology Leadership in Smart Lighting Control for the Public Lighting Industry. These awards recognise CyanConnode's consistency in delivering innovative technology and customer value across the global smart metering and smart lighting industries.

With more than 500% growth in revenues for the first half of 2016 alone, CyanConnode has recorded the highest growth rate in the global smart meter market. Through the effective leverage of the Company's technical competence, along with its ability to forge strategic partnerships with leading industry participants and a customer-centric approach, CyanConnode has successfully deployed smart metering in highly competitive business environments. The Company has built strong partner ecosystems within its target markets, which has helped maintain their position at the top of the industry as well as attract new customers. In addition to its organic growth strategy in next-generation economies, Cyan acquired Connode in July 2016 to build its brand and presence within developed markets as well, adding a fully compliant standards-based smart metering technology platform to the Company's pre-existing well established mesh based flexible wireless solutions.

John Cronin, CyanConnode Executive Chairman, commented: "Design, quality and service are at the heart of what we're trying to achieve at CyanConnode. We take an enormous amount of pride in consistently delivering high levels of value through strategic partnerships which transfers skills and generates wealth for our local partners. In a highly dynamic global market, it is a great achievement for our team to be recognised for its commitment to innovation, leadership and for staying ahead of the competition."

David Frigstad, Chairman of Frost and Sullivan, commented: "To achieve leadership in growth is never an easy task, but it is one made even more difficult due to today's competitive intensity, customer volatility, and economic uncertainty-not to mention the difficulty of innovating in an environment of escalating challenges to intellectual property. Within this context, CyanConnode's receipt of this award signifies an even greater accomplishment. We believe that such an achievement should be acknowledged and celebrated."

Rajiv Kumar, Senior Analyst at Frost and Sullivan, commented: "The Company's focus on delivering a powerful and energy-efficient smart lighting system based on narrowband RF mesh network wireless communications, which can be further scaled up for various IoT applications, can be expected to revolutionise the smart lighting market. The capability of Ultimesh to work with any lighting technology and Web applications can expand the potential of Ultimesh lighting control on a global scale. With its strong overall performance, CyanConnode has earned Frost & Sullivan's 2016 Enabling Technology Leadership Award."

Previous recipients of Frost & Sullivan best practice awards include Huawei Technologies Co Ltd, Intel Corporation, Tata Communications Ltd, Vodafone Group, and Cisco.

CyanConnode provides narrowband RF mesh technology worldwide. Its solutions provide narrowband mesh technology, optimised for exceptional performance and total cost of ownership. Smart metering is part of a country's critical infrastructure, and CyanConnode recognises that its work is of national importance. The company, therefore, works in partnership with local suppliers and manufacturers worldwide and has developed an approach that explicitly seeks to transfer skills and knowledge, establish local ownership, and generate local wealth.

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About CyanConnode

CyanConnode is a world leader in narrowband RF mesh networks that enable Omni IoT communications. Cyan's Ultimesh provides narrowband RF mesh network, optimised for exceptional performance and total cost of ownership and Connode's Panmesh delivers standards-based IPv6 solutions, enabling rapid innovation for the implementation of third party applications. The Group provides customers with the flexibility and choice required to converge networks for applications in smart cities and IoT, delivering increased customer value. 

For more information, please visit www.cyanconnode.com.

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