TOKYO, Jan. 20, 2021: Azbil Corporation (Tokyo Stock Exchange Code: 6845) announced that it will participatein an initiative to test new and innovative building automation solutions that can aid the development of smartcities at the Smart Urban Co-Innovation Lab in Singapore led by CapitaLand, one of Asia's largest diversifiedreal estate groups.

The Smart Urban Co-Innovation Lab, Southeast Asia’s first industry-led lab focused on smart cities solutionswas initiated by CapitaLand and opened on October 28, 2020 with support from the Singaporean government.The Lab brings together leaders across various industries to co-create and test innovations at CapitaLand’s 5G-enabled Singapore Science Park.

This initiative will leverage Azbil’s building automation capabilities with the Lab’s capability to bring togetherindustry leaders for developing, testing, and integrating proof-of-concept technologies to enhance customerexperience and comfort. Through the Lab, Azbil will explore possible collaborations with other participatingcompanies to develop and manage projects requiring energy management solutions for the life cycle ofbuildings.

As part of this initiative, Azbil will install its pandemic-ready airflow control system in the Lab. The system caneasily convert an office meeting room into a temporary “pandemic-ready room” to isolate anyone who issuspected of carrying an infectious disease, while waiting to be taken to medical facilities.

Mr. Aylwin Tan, Chief Customer Solutions Officer of CapitaLand Group said: “Since its opening in October 2020,the Smart Urban Co-Innovation Lab has gained traction with industry players to explore the development ofsmart cities solutions. We welcome Azbil’s participation with our growing community to jointly discover, developand deploy technologies through co-innovation.”

“The Smart Urban Co-Innovation Lab will create a deep innovation ecosystem that will accelerate sustainableurban solutions. This collaboration brings like-minded organizations and communities together to work moreclosely towards our common goals of providing smart cities, smart buildings and smart infrastructure services
and solutions. Our partnership is an exciting one, as it drives us to keep innovating.” said Mr. KazuyasuHamada, President of Building Systems Company, Azbil Corporation.

Based on the Group philosophy of “human-centered automation,” Azbil is contributing “in series” to theachievement of a sustainable society and continues to build long-term partnerships with customers.

* Posted information is accurate as of the date of announcement.