Creotech S.A.

Creotech Instruments Announces Corporate Division to Establish Creotech Quantum S.A.

Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies, quantum systems, and advanced electronics, has announced its intention to divide its operations by transferring a portion of its assets to a newly established entity, Creotech Quantum S.A. The division, executed under Polish commercial law, involves the transfer of an organized and financially distinct segment of Creotech’s business dedicated to quantum technologies. The new entity, headquartered in Warsaw, will focus on advancing quantum communication and computing solutions, including quantum key distribution (QKD) and synchronization electronics.

The division plan, approved by the management boards of both companies on August 29, 2025, is publicly accessible on Creotech’s investor relations website. Shareholders of both entities will vote on the division during upcoming general meetings. This strategic move aims to streamline operations and enhance focus on quantum technology development, aligning with Creotech’s broader goals in the high-tech and space sectors.

Relevance: This development is significant for Creotech Instruments S.A. as it underscores the company’s commitment to expanding its quantum technology portfolio, a key area of growth supported by EU and ESA initiatives for secure data infrastructure and quantum communication systems.

Creotech Instruments Announces Extraordinary General Meeting to Approve Strategic Business Division

Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies, quantum systems, and advanced electronics, has announced the convening of an Extraordinary General Meeting (EGM) scheduled for March 4, 2026, in Warsaw. The meeting will address critical corporate decisions, including the division of the company through the transfer of a portion of its assets to a newly established entity, Creotech Quantum S.A., based in Warsaw.

The agenda includes:

• Opening of the EGM and confirmation of its validity.
• Election of the Chairperson for the meeting.
• Approval of the agenda.
• Approval of the division of Creotech Instruments S.A., transferring its quantum systems segment to Creotech Quantum S.A.
• Closure of the meeting.

The proposed division aims to streamline operations and enhance the development of quantum technologies, including quantum key distribution (QKD), synchronization systems, and advanced quantum computing components. This strategic move is expected to improve organizational efficiency and foster growth in specialized areas such as quantum communication and computing.

Creotech Instruments S.A. has ensured transparency throughout the process, providing shareholders with access to detailed documentation, including the division plan, financial reports, and legal opinions. The division plan has been thoroughly reviewed and approved by relevant authorities, ensuring compliance with Polish corporate law.

Relevance: This development aligns with Creotech's business profile as it focuses on expanding its quantum systems segment, a key area of growth supported by EU and ESA initiatives for secure data infrastructure and quantum communication technologies.

Space and Defense Integration to Drive Growth in Poland’s Space Industry by 2026

The convergence of space and defense sectors, alongside the rising demand for dual-use technologies, is expected to be a key driver of growth in the space industry by 2026, according to industry representatives. Poland’s space sector has matured significantly in recent years, with increased contributions to the European Space Agency (ESA) underscoring the strategic importance of space for national security. Experts highlight that the growing focus on space technologies is closely tied to enhancing state security and advancing technological autonomy.

Poland’s increased ESA contributions and the development of its space ecosystem reflect a broader European trend of prioritizing space and defense integration. This shift is expected to bolster innovation and investment in satellite technologies, quantum communication, and secure data infrastructure, further solidifying the role of space in national and regional security strategies.

Relevance to Creotech S.A.: The article is highly relevant to Creotech S.A. as the company is positioned to benefit from the rising defense and space budgets, particularly through its satellite and quantum technology solutions, which align with the growing demand for dual-use technologies and strategic autonomy initiatives in Europe.

Creotech Share Rally and Planned Spin‑Off: Key Developments for the Space and Quantum Business

Creotech Instruments’ CEO Grzegorz Brona outlined major corporate and commercial developments that help explain the company’s recent share-price strength and signal strategic re‑positioning across its space and quantum activities.

Key takeaways

• Strong order pipeline and large contracts: Management cites major wins including the Microglob and CAMILA projects and a pipeline worth “hundreds of millions” (złoty or euros), supporting recent investor enthusiasm.
• Spin‑off of the quantum segment (Creotech Quantum): A planned structural split will create an independent, publicly listed quantum company. Shareholders of Creotech Instruments are expected to receive one share of Creotech Quantum for each Creotech Instruments share held.
• Governance and operational independence: Creotech Quantum will have separate management, independent corporate bodies, its own headquarters and security infrastructure (reflecting the sensitive nature of quantum communications products). Dr. Anna Kamińska has been named to lead the new quantum entity.
• Timing and regulatory steps: Management expects the split and separate listing in Q1–Q2 2026, subject to final approvals from Polish market regulator KNF, with a possible March–April listing window referenced.
• Strategic rationale: The corporate separation is intended to let Creotech Instruments focus on satellite platforms and delivery of space projects, while Creotech Quantum concentrates on R&D and commercialization of quantum communication and related secure‑communications systems.
• Investor sentiment and market positioning: The company highlighted growing Polish and ESA funding for domestic space suppliers and sees substantial demand for quantum solutions in Europe and beyond; management also noted the stock’s strong performance year‑to‑date as a sign of investor recognition.
• Risks acknowledged: Management and outside analysts noted elevated technological and market risk for quantum ventures, plus dependence on a few large contracts and regulatory timing for the spin‑off.

Implications for Creotech’s business

The split creates two focused, investable businesses: a space‑focused Creotech Instruments better positioned to concentrate on satellite platforms and large ESA/defense contracts, and a dedicated Creotech Quantum that can pursue high‑growth but higher‑risk opportunities in quantum communications and secure systems. The move is designed to unlock shareholder value, attract specialized investors, and align management incentives with distinct technology roadmaps.

Source: Telewizja BIZNES24 interview with Grzegorz Brona — https://www.youtube.com/watch?v=5skY0DUl3hs

Why this matters

Creating a separately listed quantum company and highlighting a multi‑hundred‑million pipeline materially affect Creotech’s capital structure, investor base and strategic focus, with potential upside if both units execute on delivery and commercialisation—while increasing execution and regulatory risks in the near term.

Creotech Instruments S.A. Achieves Breakthrough Year with Major Satellite Contracts and Strategic Quantum Spin-Off

Piaseczno, Poland, April 30, 2025 – Creotech Instruments S.A., a leading Polish high-technology company specializing in space and quantum technologies, has reported a landmark year marked by significant project wins, strategic organizational changes, and continued investment in R&D and production capabilities.

Key Milestones and Contracts

• On August 16, 2024, Creotech successfully launched its first complete optical satellite, EagleEye, built on its proprietary HyperSat microsatellite platform. Despite subsequent communication issues, the mission validated the company’s satellite-building capabilities and was recognized as a success by the European Space Agency (ESA).
• Creotech secured Poland’s largest-ever space contract: a PLN 452.6 million (net) agreement with the Armament Agency for the development and delivery of the “Mikroglob” Earth Observation Satellite System (SSOZ), to be completed by March 2027.
• The company signed several new ESA contracts, including the CAMILA constellation (EUR 51.9 million, with EUR 25.6 million for Creotech), the Plasma Observatory mission (EUR 3.95 million), and other advanced satellite and quantum technology projects.
• In April 2025, Creotech completed key milestones in the Mikroglob project, receiving acceptance for critical documentation and triggering milestone payments totaling over PLN 41.5 million.

Strategic Developments

• Creotech announced the spin-off of its quantum systems segment into a separate company by the end of 2025, aiming to accelerate commercialization and access dedicated funding for quantum technologies such as quantum key distribution (QKD) and quantum computing subsystems.
• The company advanced the expansion of its Piaseczno production facility, with new cleanroom capacity expected to enable the assembly of up to 10 satellites per year from Q2 2025.
• Creotech completed a successful share issue in Q1 2025, raising PLN 76 million to support the execution of its growing project portfolio.

Financial Performance

• 2024 revenues from product sales reached PLN 25.7 million, with total operating revenues of PLN 35.6 million. The company reported a net loss of PLN 20.5 million, reflecting increased R&D and personnel costs in anticipation of large-scale project execution.
• Export sales accounted for 68% of total revenues, with ESA and the Polish Armament Agency as major clients.
• Creotech maintains a strong liquidity position, supported by new contracts and capital raised, despite negative cash flows in 2024 due to investment in development and infrastructure.

Corporate Governance and Audit

• The Supervisory Board and independent auditor UHY ECA Audyt Sp. z o.o. issued positive opinions on the company’s 2024 financial statements, confirming compliance with international accounting standards and Polish regulations.
• Creotech’s Audit Committee continues to oversee financial reporting, risk management, and internal controls, with no material legal proceedings or regulatory issues reported.

Outlook

• With a robust order book for the next three years, including flagship contracts for the Mikroglob and CAMILA constellations, Creotech is positioned as Poland’s dominant player in the satellite sector and a key ESA partner.
• The company is actively recruiting to support project delivery and expects further growth as its new production lines come online and quantum spin-off matures.

Relevance: This article is highly relevant to Creotech S.A.’s business profile as it details major satellite and quantum technology contracts, project execution milestones, and strategic organizational changes that directly impact the company’s market position, financial outlook, and future growth in the European space and quantum sectors.

Creotech Instruments Secures Key Role in ESA Quantum Communication Project

Creotech Instruments S.A., a leading Polish high-tech company, has signed a subcontracting agreement with Germany's OHB Digital Connect GmbH for the European Space Agency (ESA) project titled BLAM (Background Light and Atmosphere Metrology for QKD at Urban Locations). The contract, valued at €175,514, tasks Creotech with designing and manufacturing a subsystem for measuring atmospheric light background to support satellite-based quantum key distribution (QKD). The project, spanning 60 months, aims to monitor urban light pollution and atmospheric turbulence, aiding the placement of ground stations for ESA's SAGA and IRIS2 programs.

This development underscores Creotech's growing influence in quantum communication technologies, a key segment of its business, and aligns with its strategic focus on advancing quantum systems and satellite solutions.

Creotech Instruments Successfully Completes Commissioning Phase for PIAST Satellite Constellation

Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies, has announced the successful completion of the commissioning phase for the PIAST satellite constellation. The constellation consists of three satellites: PIAST-M, PIAST-S1, and PIAST-S2, all based on Creotech's proprietary HyperSat platform. This milestone marks the full operational readiness of the satellites following rigorous testing and validation procedures.

During the commissioning phase, Creotech successfully established and tested communication systems in S-band and X-band, enabling data transmission speeds of up to 50 Mbit/s. The company also validated critical satellite subsystems, including orientation control, GPS functionality, power systems, thermal regulation, and the onboard computer. Additionally, the satellites demonstrated seamless integration with their optical telescope payloads, capturing and transmitting high-quality images to Earth. Experimental systems onboard were also tested and confirmed to be fully functional.

With all systems performing as expected, the PIAST constellation is now fully operational, showcasing Creotech's expertise in satellite platform development and advanced electronics manufacturing.

Relevance: This achievement highlights Creotech's capabilities in designing and deploying satellite platforms, reinforcing its position as a key player in the European space industry and aligning with its strategic focus on space technologies and satellite solutions.

Creotech Instruments Announces Corporate Division to Establish Creotech Quantum S.A.

Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies, quantum systems, and advanced electronics, has announced its intention to divide its operations by transferring a portion of its assets to a newly established entity, Creotech Quantum S.A. The division, executed under Polish commercial law, involves the transfer of an organized part of Creotech’s enterprise, including material and intangible assets, to the new company. Creotech Quantum S.A., headquartered in Warsaw, will focus on quantum technologies, further strengthening Creotech’s position in this rapidly growing sector.

The division plan, approved by the management boards of both companies on August 29, 2025, is publicly available on Creotech’s website (https://creotech.pl/pl/relacje-inwestorskie/podzial-spolki/) and will remain accessible until the conclusion of shareholder meetings addressing the division. The move aligns with Creotech’s strategic focus on expanding its quantum technology capabilities and leveraging opportunities in the European quantum communication and computing markets.

Relevance: This development highlights Creotech’s commitment to advancing quantum technologies, a key area of its business profile, and positions the company to capitalize on growth in quantum communication infrastructure initiatives such as EuroQCI.

Creotech Instruments Successfully Completes Commissioning Phase for PIAST-M Satellite

Creotech Instruments S.A., a leading Polish high-technology company, has announced the successful completion of the commissioning phase for the PIAST-M satellite, part of the PIAST constellation comprising three satellites: PIAST-M, PIAST-S1, and PIAST-S2. The commissioning phase, a critical milestone following the Launch and Early Orbit Phase (LEOP), involved extensive testing and activation of key satellite systems.

During this phase, Creotech successfully established and tested communication systems in S-band and X-band frequencies, enabling data transmission speeds of up to 50 Mbit/s. The satellite's orientation system, including magnetic coils, reaction wheels, and various sensors, was activated and verified. Ground station tracking algorithms and Earth-target tracking algorithms were tested for imaging purposes. Additionally, the GPS system, power systems (solar panels, battery charging, and power distribution), thermal control systems, and onboard computer functionalities were fully operationalized and tested. The satellite demonstrated autonomous task execution, remote software updates, and seamless integration with its primary payload, an optical telescope, which successfully captured and transmitted images to Earth.

The PIAST-M satellite platform, based on Creotech's proprietary HyperSat technology, has been confirmed to be fully functional and performing as expected. The company is now progressing with the commissioning phases for the remaining satellites in the constellation, PIAST-S1 and PIAST-S2, with updates to follow.

Relevance to Creotech Instruments S.A.: This milestone underscores Creotech's expertise in satellite development and its proprietary HyperSat platform, aligning with its strategic focus on space technologies and advancing Poland's space industry ecosystem.

Creotech Instruments S.A. Secures Strategic Role in ESA Quantum Key Distribution Project

Creotech Instruments S.A., a leading Polish high-technology company, has announced its participation in the European Space Agency (ESA) project titled "Multi-purpose Quantum Key Distribution receiver for optical ground stations." As a subcontractor to OHB System AG, Creotech will design and develop critical components, including control electronics and single-photon detectors, for a proof-of-concept prototype of a Quantum Key Distribution (QKD) receiver. The project, valued at approximately €300,000 for Creotech's tasks, is expected to pave the way for the company’s expansion into satellite-based quantum communication technologies.

This initiative is strategically significant for Creotech as it aligns with the company’s ongoing efforts to establish a dedicated Quantum Systems division, Creotech Quantum S.A. The project will enable the development and demonstration of key QKD ground station components, reinforcing Creotech’s position in the growing quantum communication market and enhancing its portfolio of advanced photon detection technologies for future commercialization.

Relevance: This project directly supports Creotech’s strategic focus on quantum systems and satellite technologies, key pillars of its business profile, while leveraging its expertise in advanced electronics and quantum communication solutions.