TOKYO, JAPAN - Media OutReach - 20 January 2021 - Azbil Corporation (Tokyo
Stock Exchange Code: 6845)�announced that it will participate in an initiative
to test new and innovative building automation solutions that can aid the
development of smart cities at the Smart Urban Co-Innovation Lab in Singapore
led by CapitaLand, one of Asia's largest diversified real estate groups.

Azbil Corporation and CapitaLand at the Smart
Urban Co-Innovation Lab.

(Left to Right) Ms. Tan Siew Cheng - Vice
President, Customer Services & Solutions of CapitaLand Group, Ms. Anju
Jaswal - Managing Director of Azbil Corporation's Strategic Planning &
Development Office for Southeast Asia, Mr. Kazuyasu Hamada - President of Azbil
Corporation's Building Systems Company, Mr. Aylwin Tan - Chief Customer
Solutions Officer of CapitaLand Group, Mr. Shingo Kakizaki - Managing Director
of Azbil Singapore

The
Smart Urban Co-Innovation Lab, Southeast Asia's first industry-led lab focused
on smart cities solutions was 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 together industry leaders for developing, testing, and integrating proof-of-concept technologies to enhance customer experience and comfort. Through the Lab, Azbil will explore possible collaborations with other participating companies to develop and manage projects requiring energy management solutions for the life cycle of buildings.

As part of this
initiative, Azbil will install its pandemic-ready airflow control system in the Lab. The system can
easily convert an office meeting room into a temporary "pandemic-ready room" to
isolate anyone who is suspected 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 of smart cities solutions. We welcome Azbil's participation with our growing community to jointly discover, develop and deploy technologies through co-innovation."

"The Smart Urban Co-Innovation Lab will create a deep innovation ecosystem that will accelerate sustainable urban solutions. This collaboration brings like-minded organizations and communities together to work more closely 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. Kazuyasu Hamada, President of Building Systems Company, Azbil Corporation.

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

About Azbil Corporation

Azbil Corporation, formerly known as Yamatake Corporation, is a leading company in building and industrial automation, using its measurement and control technologies to provide customers with high value-added solutions to make their operations more efficient and sustainable. Founded in 1906, Azbil serves customers across the globe in a broad range of industries and aims to contribute to people's safety, comfort and fulfilment, and global environmental preservation. At the end of March 2020, Azbil employed over 9,800 people worldwide and generated �259 billion in revenue.

For more information, please visit https://www.azbil.com/.