November 2023 Our company participated at this year's EMC Cyprus Eastern Mediterranean Energy Conference & Exhibition. During the event we had the opportunity to interact with several local and international companies active in the region's energy sector. During the technical presentation sessions, our CEO, Dr. Symeon Kassianides showcased Hyperion Group, our capabilities and activities, taking note that in December 2023 our company celebrates its 30-year anniversary. Also present in the Hyperion booth were our strategic partners, Danieli, a group of companies that design, manufacture and install metal producing plants and equipment worldwide, either on a turnkey basis or supplied as individual units, covering, with company-owned technology, the whole process cycle, from ore and scrap processing to finished flat, long, tube and extruded products, for ferrous and non-ferrous metals.

August 2023 Our company is proud to be selected to deliver the Batch Tracking and On Line Polymers Analysis solution to the new Polyethylene plants under the Borouge-4 expansion project. The solution will be utilising the AspenTech manufacturing execution systems (MES) software platform, and will be delivered by our Cyprus based Hyperion Consulting team. For this project we will be working under, and in close cooperation with, Maire Tecnimont of Italy, who are the main contractors of the new plants. AbuDhabi Petrochemicals Company (BOROUGE) is one of the largest produces of polyolefin plastics (polyethylene and polypropylene) in the Middle East, and a valued customer of Hyperion for nearly 20 years. A joint venture of the ADNOC (Abu Dhabi National Oil Company) and Borealis of Austria, Borouge was founded in 1998 and has a workforce of more than 3,100. They focus on differentiated high end applications in the Middle East, Asia Pacific and Africa with Borstar Enhanced Polyethylene produced in Abu Dhabi, UAE and the Borealis range of speciality products, including fittings, pipes, healthcare, and mobility products, wires and cables, and packaging. The two primary product categories for Borouge's polymer solutions are consumer solutions such as greenhouse films, and infrastructure solutions such as cables for power transmission. In 2022, Borouge was listed on the Abu Dhabi Securities Exchange, raising $2 billion in the initial public offering.

August 2023 Hyperion Group, a leading energy solutions and technology provider with a 30 year global presence, is thrilled to announce its collaboration with Nexans (Euronext Paris:NEX), a global leader in cable systems and services, in the prestigious EUROASIA Interconnector, a ground breaking project that marks a significant milestone in the advancement of energy infrastructure in the Eastern Mediterranean through the seamless interconnection of the electricity grids of Greece, Israel, and Cyprus. Hyperion Group will play an important role in supporting Nexans with business and commercial matters, serving as a facilitator to ensure delivery and completion. Hyperion will also assist in identifying and establishing sub-contracts with local service providers as needed and maintain ample facilities and personnel for NEXANS, ensuring a smooth execution of the project. The EUROASIA Interconnector project has been designated as a Project of Common Interest by the European Union, emphasizing its strategic importance in meeting Europe's energy and climate goals. By joining forces with Nexans, Hyperion Group aims to contribute to the realization of the European Commission's "Green Deal" and foster energy security, reduced carbon emissions, and enhanced energy connectivity for Cyprus. "We are honoured to have worked with Nexans on the EUROASIA Interconnector project," stated Dr Symeon Kassianides, Chairman and CEO at Hyperion Group. "Our collaboration represents a significant milestone for Cyprus and the East Mediterranean, reinforcing our commitment to sustainable energy development and regional integration. Together, we will work diligently to ensure the successful implementation of this ground breaking project, unlocking immense benefits for our nation and the entire region". Hyperion Group is excited to embark on this journey with Nexans, leveraging its local expertise and capabilities to contribute to the realization of the EUROASIA Interconnector. This collaboration signifies a strong commitment to advancing energy infrastructure, fostering economic growth, and promoting sustainable practices in the Eastern Mediterranean and beyond.

June 2023 Hyperion Systems Engineering was reaffirmed as an innovative SME by the Deputy Minstry of Research, Innovation and Digital Policy of the Republic of Cyprus. This is the second time that our company receives this recognition, which is based on an audit and assessment by the Deputy Ministry of each candidate companies overall business and investments and how much of it is dedicated to R&D activities. The certificate is issued as a support tool for the usage of tax incentives for natural persons investing in an innovative small and medium-sized enterprise (SME) either directly or indirectly through an investment fund or through an alternative trading platform for venture capital investment, in the context of the expansion of the legislation that amends the Taxation Law until 30.6.2024 for natural persons and until 31.12.2023 for legal persons.

June 2023 Hyperion Systems Engineering Group attended the 33rd European Symposium on Computer Aided Process Engineering (ESCAPE33) which took place in Athens, Greece between 18-21 June 2023. Our company presented two papers, and our participating team had the opportunity to reconnect with colleagues, professors and friends. For more details go to: 33rd EUROPEAN SYMPOSIUM ON COMPUTER-AIDED PROCESS ENGINEERING – 18-21 JUNE 2023, Athens, Greece (www.escape33-ath.gr) Our papers are included in the conference proceedings and we would also be happy to share with anyone interested. If you are please send us your name and contact email so that we can forward you a copy directly. Achieving Operational Excellence by Combining Material Tracking and On-line Polymer Analysis and Classification data in an all-in-one Integrated Decision Support System Prediction of Melt Flow Rate (MFR) in polymer production, with auto-regressive Machine Learning algorithms, for multivariate time-series measured in irregular timestamps

March 2023 Elpedison is the first independent electricity producer in Greece and a leading supplier of electricity and natural gas. The company ensures an environmentally friendly power generation process, with its two plants in Thisvi and Thessaloniki, which use exclusively natural gas as fuel. With innovation deeply rooted in its DNA, the Company has a vision to become the leader in providing leading energy products and solutions. Both plants use AspenTech MES technology for real time information management, KPI reporting and the foundation for several layered applications including integration and data exchange with IPTO/ADMIE, the Greek power grid operator. Hyperion is proud to be a trusted advisor and services provider to Elpedison since 2018 helping the company extract maximum value from its investment in the AspenTech platform and ensuring that the systems work uninterruptedly.

November 2022 This is the third concecutive time that Hyperion is selected as the preferred bidder in an international tendeing process by Kuwait National Petroleum Company (KNPC); the new support services contract duration is through to the end of 2027. Hyperion has been servicing oil & gas customers in Kuwait since 2003. Our engagements with Kuwait National Petroleum Company (KNPC) began in 2006, when Hyperion took the role of the Subject Matter Experts for Refinery Planning, Scheduling and Blending Optimization within the PMC team, during the SCO (Supply Chain Optimisation) project, one of the emblematic projectd at the time for the Middle East region. The transformational SCO project was based on utilising software technology from AspenTech and covered all three operating petroleum refineries of the company in Kuwait. In 2013, following an international tendering process Hyperion were awarded the onsite support contract for AspenTech Manufacturing & Supply Chain applications across the Mina Al-Ahmadi, Mina Abdullah and Shuaiba Refineries, through to 2018. This was followed by another successful bidding and awarding of the second cycle of support through to 2022. Hyperion's Deputy CEO, Stavros Spanos signing the sypport services agreement at the KNPC Head Offices in July 2023

July 2022 Hyperion Power Services provides expertise to several generating plant Owners and to the Peruvian grid operator (COES) to resolve the Sub Synchronous Resonance (SSR) issue in Peru The SSR phenomenon has been a serious concern to generating companies in Peru following the catastrophic failure of four GE Frame 7 units, all located in a plant in Southern Peru. Our Hyperion Power Services was called to provide a world class expert in SSR remediation who, working with the Grid Operator for Peru, COES and the plant Owners, scientifically modeled the grid and demonstrated the reason for failure. Three of the four turbines and two of the four generators were replaced and/or repaired at great cost. COES issued an RFP and HPS proposed ways to minimize/eliminate the SSR risk on the grid. About the SSR phenomenon Sub-Synchronous Resonance is relevant to various generator types, and proper analysis and control measures are crucial to prevent instability in power grids. It can occur in grids that connect different types of power generators: Wind Turbines: In remote areas, wind farms are connected to the grid via long transmission lines. When DFIG-based wind turbines are integrated into such series-compensated grids, SSR becomes a concern. SSR refers to low-frequency oscillations caused by the interaction between the wind turbine controllers and the series-compensated power grid. Steam Turbines: In power systems with series compensation, steam turbines can experience SSR. The interaction between the mechanical shaft system and the electrical system can lead to sub-synchronous oscillations. Hydroelectric Generators: Hydro generators, especially those with long transmission lines, are susceptible to SSR. The hydro generator’s rotor dynamics and the grid’s impedance play a role in these oscillations. Gas Turbines: Gas turbines connected to series-compensated grids may encounter SSR. The control system and grid characteristics influence the severity of these oscillations.

May 2022 HYPPOS had a frontline position during the ABB Energy Industries (www.abb.com) special edition webinar on “Improving efficiency, quality and sustainability in polymer production”. HYPPOS solution architect, Symon Doe and Symeon Kassianides presented the solution and the ways in which our digital twin technology can help solve some of today’s biggest challenges in polymer production. The webinar also featured a key contribution by Nicos Perperis from the Hellenic Petroleum Polypropelene production plant who shared experiences and benefits from the use of HYPPOS. Hellenic Petroleum (www.helpe.gr) is Hyperion’s official HYPPOS launching partner and has been using the technology in productive use at the Thessaloniki PP plant for over 18 months. Click here to download the presentation slides and click here to see the video recording of the webinar. (Video Link: https://videopress.com/v/6yxf7YxU?resizeToParent=true&cover=true&preloadContent=metadata&useAverageColor=true)

March 2022 Hyperion Group is proud to announce that its HYPPOS related project Embed-AI was selected for funding for by the Cyprus Research & Innovation Foundation within the context of Research in Enterprises (Bridge Programmes). The main objectives of project EMBED-Al are to validate the scientific and technical targets of HYPPOS-AI prototype v.2 in an operational environment and to intensify Hyperion’s research and development in AI/ML, and innovation activities. Our company successfully released HYPPOS v.1.0 within the framework of the 2nd Opportunity grant from the Cyprus Research & Innovation Foundation. Drawing from the HYPPOS-Machine Learning (ML) Smart Sensors project findings, through Project EMBED-Al, Hyperion has been seeking support towards the technological upscale, optimization, demonstration, and exploitation of HYPPOS-AI as an Industry 4.0 solution. The figure below illustrates the HYPPOS completed projects, deliverables, and technical readiness levels: The Cyprus Institute (CyI) is the participating research partner of Hyperion that will support the project with through its engagement through the technology transfer of AI/ML expertise to Hyperion.

October 2021 OffshoreMuster is an integrated emergency response decision support system for enhancing workers’ safety in offshore oil & gas operations. It is a research & development project that received funding from the European Union’s Horizon 2020 research and innovation programme under Grant Agreement No. 878950. The following four companies are the project members: SignalGeneriX Ltd (Cyprus) CSEM Centre Suisse (Switzerland) Hyperion Systems Engineering Ltd (Cyprus) Optionsnet (Greece) OffshoreMuster aims to enhance the safety of personnel working in off-shore oil & gas installations and assets by introducing a step-change in mustering and evacuation management in offshore platforms thanks to its unique features: continuous localisation and health monitoring of crew-members, detection of people at sea at distances of up to 1.5km and robust communication even in the events of massive data link breakdowns. In October 2021, the solution was successfully field-tested on an offshore platform moored at the AbuDhabi Industrial Port. Below is a short summary video and a gallery of photos from the testing.

July 2021 Caramondani Desalination Plants Ltd., a subsidiary of the Caramondani Group (https://caramondani.com.cy/group/caramondani-desalination-plants/), one of the oldest and leading Cypriot engineering groups, have entrusted Hyperion Energy to deliver a turn-key Control System for a new Desalination Plant in the Paphos District, Cyprus. Caramondani were awarded by the Cyprus Government Water Development Department (WDD) the contract to build-operate-transfer a new desalination plant with production capacity of 15,000 m3/day, with a possible future expansion to 30,000 m3/day. The plant was designed by OSMO SISTEMI , an Italian leading company in the filtration, water treatment and reverse osmosis technologies and a member of the Caramondani Group. The entire production feeds into the WDD water supply network. Hyperion delivered a Honeywell ControlEdge PLC based production control system as well as a supervisory operators HMI SCADA System based on the leading Honeywell Experion HS technology platform.