20 November 2023

CyanConnode Holdings plc

("CyanConnode" or the "Company")

CyanConnode Named in the Fast Growth 50 Index as One of the Fastest Growing Companies

CyanConnode Holdings plc (AIM: CYAN), a global leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, proudly announces its ranking as the 12th fastest-growing business in the Midlands and East of England, according to the 2023 Fast Growth 50 index. This prestigious index showcases the top 50 fastest-growing companies across six national regions in the Midlands and East of England, highlighting CyanConnode's significant impact on the Midlands and East of England's economy and its capacity for growth and innovation.

The Fast Growth 50 index for 2023 has brought to light the achievements of diverse businesses across multiple sectors in the Midlands and East of England. These companies collectively achieved a remarkable turnover of £3.2 billion in 2022, demonstrating an impressive average growth rate of 202 percent between 2020 and 2022. Additionally, their dynamic growth has led to the creation of 2,186 jobs in the last two years, underlining the substantial economic contributions of these fast-growing companies.

CyanConnode's inclusion in the Fast Growth 50 index is a reflection of its commitment to delivering innovative technology solutions in the field of narrowband radio frequency mesh networks. This recognition underscores the company's role in driving economic growth and technological advancement in the Midlands and East of England.

John Cronin, Executive Chairman of CyanConnode, commented:

"Being named in the Fast Growth 50 index is a significant achievement for CyanConnode. This recognition is a testament to our team's hard work and dedication to innovation. We are excited to continue our growth journey, contributing positively to the regional economy."

For more details on the Fast Growth 50 index and CyanConnode's operations, investors and interested parties can refer to the full list here - https://fastgrowth50.com/2023/11/the-fastest-growing-businesses-in-the-midlands-and-the-east-of-england-in-2023/

The Company looks forward to building on this success and continuing to drive innovation and growth in the industry.

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Enquiries:

CyanConnode Holdings plc                                                                         Tel: +44 (0) 1223 865 750

John Cronin, Executive Chairman                                                                 www.cyanconnode.com

Strand Hanson Limited (Nominated and Financial Adviser)         Tel: +44 (0) 20 7409 3494

James Harris, Richard Johnson, David Asquith

Zeus Capital Limited (Broker)                                                                    Tel: +44 (0) 20 3829 5000

Simon Johnson, Alexandra Campbell-Harris                                                        

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