Creotech S.A.

Creotech Instruments Secures PLN 26.2 Million Grant for Innovative Satellite System Development

Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies, has signed an agreement with the Polish Agency for Enterprise Development (PARP) to receive funding for a groundbreaking satellite project. The project, titled "Research on an Innovative Satellite System for High-Mass Payloads," has a total budget of PLN 58.3 million, with PLN 26.2 million provided as funding under the European Funds for Modern Economy (FENG) program, specifically the SMART Path initiative.

The initiative focuses on the development of a universal satellite platform designed for space missions with payloads of up to 200 kg. This project aims to significantly enhance Creotech's product capabilities in the space sector, further solidifying its position as a key player in the European space industry.

Relevance: This development aligns with Creotech's strategic focus on advancing satellite technologies and leveraging EU and national R&D grants to drive innovation and growth in the space industry.

Poland Allocates €100 Million to Join European Satellite Program IRIS²

The Polish government is set to allocate €100 million from the revised National Recovery Plan to participate in the European satellite program IRIS², according to representatives from the Ministry of Funds and Regional Policy (MFiPR). This decision, which will be reviewed at the next government meeting, aims to enhance Poland's involvement in cutting-edge satellite technologies and strengthen its position in the European space sector. The funding shift is expected to open opportunities for Polish companies, including Creotech Instruments S.A., to contribute to the IRIS² program.

Relevance to Creotech S.A.: This development aligns with Creotech's expertise in satellite technologies and its strategic focus on European space initiatives, potentially positioning the company to secure contracts and expand its role in the IRIS² program.

Creotech Instruments S.A. Announces Strategic Division of Quantum Systems Business

On March 4, 2026, Creotech Instruments S.A., a leading Polish high-technology company, held an Extraordinary General Meeting (EGM) to approve a significant corporate restructuring. The shareholders unanimously passed a resolution to divide the company by transferring its quantum systems business to a newly established entity, Creotech Quantum S.A., headquartered in Warsaw. This strategic move aims to streamline operations and enhance focus on the rapidly growing quantum technology sector.

The quantum systems business, which includes the development and sale of quantum computing control components, quantum key distribution (QKD) systems, synchronization technologies, and advanced photon detection solutions, will now operate under Creotech Quantum S.A. The division also encompasses collaborations with major scientific organizations, such as CERN. The restructuring is expected to position both entities for greater specialization and growth in their respective markets.

The decision was supported by a detailed division plan, which was made publicly available and thoroughly reviewed by stakeholders. The plan also included adjustments to the share capital structure of Creotech Quantum S.A., reflecting the transfer of assets from Creotech Instruments S.A. The resolution was passed with 58.80% of the company’s share capital represented, and no objections were raised during the meeting.

The management of Creotech Instruments S.A. emphasized that this division aligns with the company’s long-term strategy to capitalize on emerging opportunities in the quantum technology sector while maintaining its leadership in space technologies, satellite platforms, and advanced electronics manufacturing.

Relevance: This development is highly relevant to Creotech Instruments S.A.’s business profile as it highlights the company’s strategic focus on quantum technologies, a key growth area supported by EU and ESA initiatives, and positions the company to better address market demands and innovation in this sector.

Creotech Instruments S.A. Successfully Completes Key Milestones in ESA's CAMILA Project

Creotech Instruments S.A., a leading Polish high-technology company, has announced the successful completion of Milestones 3 and 3a in the European Space Agency's (ESA) "Country Awareness Mission in Land Analysis" (CAMILA) project. The company confirmed that the milestones were achieved at 100% completion, marking the successful closure of the Payload Feasibility Key Point review. As a result, Creotech is entitled to additional remuneration of €1,231,990, with approximately 31% of this amount allocated directly to the company, while the remaining portion will be distributed among subcontractors involved in the project. The company plans to provide further updates on the progress of Milestone 2 in a separate report.

This achievement underscores Creotech's capabilities in executing complex satellite and space-related projects, aligning with its strategic focus on advancing space technologies and strengthening its position in the European space industry.

Creotech Quantum Prepares for Warsaw Stock Exchange Debut Following Business Division

Creotech Quantum, a newly formed entity resulting from the division of Creotech Instruments S.A., has published its prospectus ahead of its planned listing on the Warsaw Stock Exchange (GPW). As part of the division, Creotech Quantum will issue 2,854,347 new shares, with the debut on the GPW scheduled for April 17. The division involves transferring an organized part of Creotech Instruments' business to Creotech Quantum in exchange for shares, marking a significant step in the company's strategic growth and expansion plans.

This development is highly relevant to Creotech Instruments S.A. as it reflects the company's strategy to streamline its operations and focus on its core competencies in space technologies, quantum systems, and advanced electronics, while leveraging the capital markets to fuel future growth.

Creotech Quantum Secures KNF Approval for Public Offering and Stock Market Listing

The Polish Financial Supervision Authority (KNF) has approved the prospectus submitted by Creotech Quantum, a subsidiary of Creotech Instruments S.A., for a public offering of Series B shares and their admission to trading on the regulated market of the Warsaw Stock Exchange. The prospectus was filed on September 30, 2025, following the announcement of Creotech Quantum's spin-off from Creotech Instruments in August 2025. The spin-off aims to accelerate the commercialization of quantum technologies and enhance access to external funding, including programs dedicated to small and medium-sized enterprises (SMEs). Creotech Quantum was officially established in June 2025, building on Creotech Instruments' decade-long expertise in quantum technology development since 2012.

Relevance to Creotech S.A.: This development highlights Creotech Instruments' strategic focus on quantum technologies, aligning with its business profile of advancing quantum communication and computing solutions while leveraging opportunities for growth and funding in the high-tech sector.

Creotech Instruments and Creotech Quantum Forge Strategic Partnership with Eutelsat for Secure Satellite Connectivity

Creotech Instruments S.A., alongside its subsidiary Creotech Quantum, has announced a strategic partnership with Eutelsat, a leading European satellite operator. The collaboration focuses on advancing secure satellite communication systems under the European Union's IRIS2 program, which aims to deploy approximately 290 satellites across low and medium Earth orbits. With a total budget of €10.6 billion, IRIS2 is a cornerstone initiative to enhance Europe’s resilient and secure satellite infrastructure for governments, enterprises, and citizens.

Creotech will leverage its proprietary HyperSat platform to develop communication satellites and related ground systems tailored to Eutelsat’s requirements. These systems will support critical public services such as emergency response, law enforcement, and medical rescue operations. The partnership also includes joint efforts in mission design, system architecture, and operational solutions to strengthen redundancy and autonomy in Europe’s communication infrastructure.

Additionally, the collaboration extends to quantum technologies, including quantum key distribution (QKD), post-quantum cryptography (PQC), and hybrid security architectures for space and ground segments. Creotech Quantum and Eutelsat plan to co-develop and test components compatible with IRIS2 and future European secure communication programs. The agreement also explores the supply of satellite platforms, avionics, secure communication subsystems, and quantum components, emphasizing industrial scalability and supply chain resilience.

The partnership further includes the development of ground segment solutions, such as user terminals and ground stations, with production, integration, and testing facilities located in Poland. This initiative is expected to bolster Poland’s space sector and enhance local expertise in satellite and quantum technologies.

Relevance: This partnership aligns with Creotech Instruments S.A.’s business profile as a leader in satellite and quantum technologies, leveraging its HyperSat platform and quantum expertise to contribute to Europe’s strategic autonomy in secure communication infrastructure.

Creotech Instruments Secures ESA Contract for HyperSat Navigation Satellite Project

Creotech Instruments S.A., a leading Polish high-technology company, has signed a contract with the European Space Agency (ESA) to develop the initial phase of the "LEO-PNT - HyperSat SAFIR-PNT" project. The initiative aims to construct a satellite capable of detecting disruptions in satellite navigation signals. The project, valued at €500,000, will be executed over eight months, with ESA funding €400,000 of the total cost. Creotech will serve as the prime contractor, and the company anticipates further contracts for subsequent phases of the mission upon successful completion of this stage.

This agreement is significant for Creotech as it expands the application of its proprietary HyperSat platform into the satellite navigation domain, reinforcing its position in the space technology sector.

Creotech Instruments: Strategic progress, program milestones and roadmap for satellite systems

Source: Video interview with Grzegorz Brona, President of the Management Board — https://www.youtube.com/watch?v=z0hhTCsnWX0

Creotech Instruments reports a step change from development to commercialization driven by major program activity and recent mission milestones. The company highlighted secured ESA multi-year budget exposure, successful in-orbit testing of its Piast constellation, active participation in two strategic programs (military Microglob and civil Kamila), and continued development of its multimission HyperSat platform and supporting ground systems.

Financial and contract context

• Creotech published results for the first three quarters of 2025 and has reported significant invoicing tied to large strategic programs (Microglob and Kamila).
• ESA budget was secured for the next three years, and Creotech anticipates benefiting from ESA-funded work across 2026–2028, providing multi-year revenue visibility.
• Management expects revenue improvement year-over-year and foresees winning additional large contracts in the near term.

Piast constellation — operational milestone

• Three Piast satellites launched in November 2025; after two months of commissioning, all systems were tested and are returning Earth imagery and telemetry.
• Piast served as an R&D validation: most on-board technologies (platform, telecommunication, onboard computer, attitude control and software) were Creotech-developed and successfully operated.
• The mission demonstrated multi-satellite constellation operations and concurrent ground control of several satellites — a capability Creotech now claims to fully control.

Microglob (military) and Kamila (civil ESA) programs

• Microglob: a fast-paced program for the Polish military (four optical observation satellites) with strict information-security requirements and accelerated delivery timelines driven by national defense needs.
• Kamila: an ESA-supervised, larger civil constellation (including optical and SAR/radar satellites, with the largest >200 kg). Kamila emphasizes higher technical readiness, inter-satellite cooperation, rigorous ESA acceptance processes, and raising Polish industrial TRL.
• Creotech is a prime supplier of platform elements and integration services in both programs; Microglob leverages previously flight-proven subsystems (Eagleine, Piast) for quicker deployment, while Kamila follows a longer ESA governance and QA timeline.

Platform strategy — HyperSat and multimission positioning

• Creotech’s HyperSat platform is being developed as a multimission bus: optical observation, SAR/radar payloads, telecommunications (including readiness for EU telecom programs such as IRIS/IRIS2), scientific missions, servicing and navigation use cases.
• Design requirements are being driven by a wide set of mission profiles (optical imaging, radar, telecom, scientific payloads), enabling reuse and faster deployment across different customers.

ESA flagship and large-mission involvement

• Creotech is preparing to supply assembly/integration and power subsystems for parts of large ESA flagship missions (e.g., LISA-related laser/range missions and other science projects), though it is not an overall mission integrator yet.
• The company is participating as prime or sub-prime on selected subsystems while learning integration practices from established European primes (Airbus, Thales Alenia Space, OHB, Leonardo, Kongsberg).

Space situational awareness and ground systems

• Creotech is developing a distributed, cost-effective ground testbed of small telescopes for space situational awareness (detection of satellites and debris) as an alternative to a few large, expensive telescopes.
• This project is coordinated with ESA and aims to scale low-cost stations to improve orbital awareness and support growing constellations.
• Related optical detection and measurement work will be transitioned to a planned spin-off, Creotech Quantum, targeted for separation in spring (April–May).

Capabilities, roadmap and risks

• Creotech emphasizes competency building over 12+ years — from contract assembly to full platform design, software, mechanics, data processing and fleet operations — with a clear ambition to become a European prime systems integrator within a few years.
• Key near-term challenges noted by management: information security for military programs, pace of delivery (especially for Microglob), the increased technical complexity and scheduling/quality demands of Kamila and flagship science missions, and the need to keep scaling internal competencies.

Immediate operational outlook: Piast validation de-risks the HyperSat platform for follow-on Microglob deliveries; Kamila proceeds under ESA phases with current milestones met and no immediate threats to contractual timelines; ESA multi-year budget and additional program wins are expected to support revenue growth through 2026–2028.

Why this is relevant to Creotech S.A.: The video documents concrete program deliveries (Piast), multi-year ESA budget exposure, and a growing pipeline (Microglob, Kamila, ESA work) that directly underpin Creotech’s transition from technology development to commercial prime/subprime roles and recurring revenues. These developments affect Creotech’s revenue visibility, execution risk profile, and strategic positioning in European space and defense markets.

Creotech Instruments Secures Key Contract for Satellite Servicing Demonstration Project

Creotech Instruments S.A., a leading Polish high-technology company, has signed a contract with PIAP Space sp. z o.o. to execute the "Multi-Mission Platform Transport Demonstration – Preliminary Design (Phase B1)" project. The initiative, valued at €750,000 and scheduled for completion within 12 months, represents the second phase of developing a satellite designed to demonstrate on-orbit servicing capabilities. The European Space Agency (ESA) is the final recipient of the project, with Creotech responsible for preparing the satellite platform. The company anticipates further contracts for subsequent mission phases upon successful completion of this stage. This agreement expands the application of Creotech's proprietary HyperSat platform into the satellite servicing domain.

Relevance: This milestone aligns with Creotech's strategic focus on satellite technologies and strengthens its position within ESA's ecosystem, leveraging its HyperSat platform for advanced space applications.