Creotech

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.

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.

Creotech Instruments S.A. Joins Strategic Quantum Key Distribution Project for European Commission

Creotech Instruments S.A., a leading Polish high-technology company, has announced its participation in the PIONIER-Q-SAT project, aimed at developing a cross-border Quantum Key Distribution (QKD) link using a mobile ground station. The project, commissioned by the European Health and Digital Executive Agency (HADEA) on behalf of the European Commission, will be executed in collaboration with a consortium led by NASK (Scientific and Academic Computer Network – National Research Institute). Creotech will contribute critical components for the optical QKD ground station, including single-photon detectors and QKD receivers, developed in partnership with the Military University of Technology (WAT). The company will also support the integration and deployment of the station.

The total project budget is approximately €9.9 million, with Creotech’s share amounting to €0.4 million. The project is set to begin on January 1, 2026, and will span 42 months. Creotech views this initiative as strategically significant, as it will enable the company to demonstrate its new single-photon detector product and acquire expertise in QKD ground station integration. These advancements are expected to strengthen Creotech’s position in the rapidly growing quantum communication market, particularly in satellite-based QKD systems.

The technologies developed under PIONIER-Q-SAT align with European programs such as EuroQCI, ARTES, SAGA, and ScyLight, which aim to implement QKD in critical infrastructures across Europe, integrating both terrestrial and satellite networks.

Relevance to Creotech S.A.: This project directly supports Creotech’s strategic focus on quantum systems and satellite technologies, opening new product lines and enhancing its capabilities in the quantum communication sector, a key growth area for the company.

Creotech Instruments Secures Key ESA Contract for Lunar Mapper Mission

Creotech Instruments S.A., a leading Polish high-technology company, has signed a contract with the European Space Agency (ESA) for the "PHASE A FOR HIGH-RESOLUTION MINERALOGY MAPPER MISSION - EXPRO PLUS" project. This initiative represents the second phase of the "Lunar Mapper" mission, internally referred to as "Pan Twardowski." The project, valued at €500,000, will span nine months, with Creotech serving as the primary contractor. Upon successful completion, the company anticipates further contracts for subsequent phases of the mission. The agreement adheres to standard terms for such projects.

Relevance: This contract aligns with Creotech's strategic focus on space technologies and strengthens its position as a key player in ESA missions, leveraging its expertise in satellite platforms and advanced electronics.

Creotech Instruments Secures Key Milestone in "Mikroglob" Satellite Project

Creotech Instruments S.A., a leading Polish high-technology company, has achieved a significant milestone in its "Mikroglob" Satellite Observation System project. On December 18, 2025, the company received confirmation from the State Treasury's Armament Agency regarding the approval of the D1 outcome documentation, marking the partial acceptance of Phase D of the project. This milestone entitles Creotech to a payment of PLN 51,706,851.06. The "Mikroglob" project, which follows the European Collaboration for Space Standardization (ECSS) methodology, encompasses phases B, C, D, and E1, with completion scheduled for March 31, 2027.

The achievement underscores Creotech's expertise in delivering complex satellite systems and aligns with its strategic focus on space technologies and defense applications.

Creotech Instruments Secures Positive Evaluation for Innovative Satellite Platform Project

Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies, has announced the positive evaluation of its project titled "Research on an Innovative Satellite System for High-Mass Payloads." The project, submitted under the SMART Pathway initiative of the European Funds for a Modern Economy program, is managed by the Polish Agency for Enterprise Development (PARP). The proposed satellite platform is designed for space missions with payloads up to 200 kg, aiming to enhance Creotech's product capabilities in the space sector. The recommended funding for the project amounts to PLN 26,236,378.09. While the evaluation is a significant milestone, the company clarified that it is not yet equivalent to signing a funding agreement, and further updates will follow.

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

Creotech Instruments Secures Key Milestone in CAMILA Project with ESA Approval

Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies, has successfully completed the Requirements Key Point review for the "Country Awareness Mission in Land Analysis" (CAMILA) project. The European Space Agency (ESA) has approved the remaining deliveries under this milestone, granting Creotech supplementary compensation of €1,159,055. This brings the total remuneration for the review to €4,337,339, with approximately 35% directly allocated to Creotech and the remainder distributed among subcontractors involved in the project.

The achievement underscores Creotech's capability to execute complex satellite missions and strengthens its position as a key player in the European space industry.

Creotech Instruments Reports Strong Growth and Strategic Developments in Q3 2025

Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies, quantum systems, and advanced electronics manufacturing, has reported significant progress and strategic milestones for the third quarter of 2025. The company’s revenue for the first nine months of 2025 reached PLN 95.1 million, marking a substantial increase of PLN 72.1 million compared to the same period in 2024. This growth was primarily driven by advancements in the "Mikroglob" satellite project.

Creotech has also expanded its operations by establishing two subsidiaries, Creotech Quantum S.A. and Creotech Geo P.S.A., to focus on quantum systems and satellite/UAV data solutions, respectively. The company successfully raised PLN 76 million through the issuance of Series K shares to finance key projects, including the "Mikroglob" satellite system. Additionally, Creotech secured new contracts with the European Space Agency (ESA), including the "COUNTRY AWARENESS MISSION IN LAND ANALYSIS – CAMILA" project, which was expanded to include additional satellites and ground station networks, increasing the contract value to EUR 59 million.

Other notable achievements include the signing of agreements for quantum key distribution (QKD) systems, satellite observation missions, and advanced electronics manufacturing projects. Creotech continues to strengthen its position in the European space and quantum technology sectors, leveraging ESA collaborations and national defense modernization initiatives.

Relevance: The article highlights Creotech’s strategic alignment with its core business areas, including space technologies, quantum systems, and satellite data solutions, showcasing its growth and leadership in these sectors.

Creotech Instruments S.A. Reports Strong Growth and Key Milestones in Q3 2025

Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies, quantum systems, and advanced electronics, has reported significant progress and financial growth for the first nine months of 2025. The company achieved revenues of PLN 95.1 million, a substantial increase of PLN 72.1 million compared to the same period in 2024, driven primarily by advancements in the "Mikroglob" satellite project.

Key operational highlights include:

• Expansion of Satellite Projects: Creotech secured additional contracts with the European Space Agency (ESA), including a EUR 7.1 million extension for the "CAMILA" satellite constellation project, increasing its total value to EUR 59 million.
• Quantum Systems Development: The company advanced its quantum key distribution (QKD) technology under the "eCAUSIS" project, showcasing its capabilities at industry events.
• New Contracts: Creotech signed agreements for projects such as "TELESCOPE ARRAY FUNCTIONAL PROTOTYPE" and "DTM Tools," further solidifying its position in the space and drone technology sectors.
• Financial Strength: The company raised PLN 76 million through a private share issuance and reported a significant increase in cash reserves to PLN 108 million, ensuring robust financial stability for ongoing projects.

Creotech also announced the successful completion of key milestones in its flagship "Mikroglob" and "CAMILA" projects, with further phases underway. Additionally, the company is preparing for the spin-off of its quantum systems segment into a new entity, Creotech Quantum S.A., to enhance focus and operational efficiency in this growing field.

Relevance: This article highlights Creotech's strategic advancements in satellite and quantum technologies, aligning with its core business focus and leveraging opportunities in the growing European space and quantum sectors.

Creotech Instruments Secures Key Milestone in CAMILA Project with ESA Approval

Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies, has successfully completed the Requirements Key Point review for the "Country Awareness Mission in Land Analysis" (CAMILA) project. The European Space Agency (ESA) has approved the remaining deliveries under this review, granting Creotech a supplementary payment of €1,159,055. This brings the total compensation for the review to €4,337,339, with approximately 35% allocated directly to Creotech and the remainder distributed among subcontractors involved in the project.

The successful milestone underscores Creotech's capability to execute complex satellite missions and strengthens its position as a key player in the European space industry.

Creotech Instruments Secures ESA Contract for Space Safety Project

On November 7, 2025, Creotech Instruments S.A., a leading Polish high-technology company, announced the signing of a contract with the European Space Agency (ESA) for the development of the Telescope Array Functional Prototype under ESA's Space Safety Program. The contract is valued at €1.6 million, with ESA covering 80% of the costs (€1.28 million) and the remaining 20% funded by project participants, including Creotech. The company will act as the main contractor, responsible for delivering sCMOS astronomical cameras, additional accessories, and project management. The project is expected to be completed within 12 months.

Relevance to Creotech S.A.: This contract aligns with Creotech's expertise in space technologies and strengthens its position as a key player in ESA's strategic initiatives, leveraging its advanced electronics and satellite capabilities.

Creotech Instruments S.A. Secures ESA Contract for Space Safety Program

Creotech Instruments S.A., a leading Polish high-technology company, has signed a contract with the European Space Agency (ESA) on November 7, 2025, to develop the "Telescope Array Functional Prototype" as part of ESA's Space Safety Program. The project aims to create a prototype for a universal remote ground observatory to detect near-Earth objects. The total contract value is €1,600,000, with ESA funding €1,280,000 and the remaining amount covered by project participants. Creotech, as the main contractor, will supply sCMOS astronomical cameras with accessories and oversee project management. The company's share of the project is valued at €502,778, with 80% funded by ESA and 20% self-financed. The project is expected to be completed within 12 months.

This development aligns with Creotech's expertise in space technologies and strengthens its position as a key player in ESA's strategic initiatives, furthering its role in advancing Europe's space safety and satellite capabilities.

Creotech Instruments S.A. Secures ESA Contract for Space Safety Program

Creotech Instruments S.A., a leading Polish high-technology company, has signed a €1.6 million contract with the European Space Agency (ESA) to develop the "Telescope Array Functional Prototype" as part of ESA's Space Safety Program. The project aims to create a prototype for a universal remote ground observatory to detect near-Earth objects. Creotech, as the main contractor, will supply sCMOS astronomical cameras and accessories while managing the project’s execution. The company’s contribution to the project is valued at €502,778, with 73.6% funded by ESA and 26.4% covered by Creotech. The project is expected to be completed within 12 months.

This development aligns with Creotech's expertise in space technologies and strengthens its position in the European space industry, leveraging ESA funding to advance its capabilities in satellite and observational systems.

Creotech Instruments S.A. Positioned to Benefit from Expanding Space and Quantum Technology Ecosystem

Recent developments in the Polish and European technology sectors highlight significant opportunities for Creotech Instruments S.A., a leading Polish high-tech company specializing in space technologies, quantum systems, and advanced electronics. Notable agreements and projects in the space and defense industries, such as JRH ASI SA's collaboration on the ORBITEO project in space and AI technologies, and the expansion of Poland's space ecosystem, align with Creotech's strategic focus on satellite platforms and quantum communication systems. Additionally, the increasing availability of EU and Polish R&D grants, coupled with the European Space Agency's (ESA) strategic autonomy programs, provides a favorable environment for Creotech's growth.

Creotech's proprietary HyperSat platform and its clean-room satellite production facility, set to launch in 2025, position the company to capitalize on the rising demand for small satellites and secure data infrastructure. However, challenges such as talent shortages in quantum and satellite engineering and potential shifts in government priorities remain key risks.

Relevance to Creotech S.A.: The article underscores the growing opportunities in the space and quantum technology sectors, which are directly aligned with Creotech's core business areas, including satellite platforms, quantum communication, and advanced electronics manufacturing.

Poland Advances Offshore Wind Energy with Environmental Approval for Baltica 1 Project

The Regional Director for Environmental Protection in Gdańsk has granted an environmental decision for the Baltica 1 offshore wind farm project, according to a press release from PGE S.A. This milestone enables the project, with an installed capacity of approximately 0.9 GW, to participate in the upcoming offshore auction scheduled for December 17, 2025. Baltica 1, developed by the PGE Group, is expected to be operational by the end of 2032 if it secures a contract for difference in this year’s auction.

The project has already secured a location permit, a grid connection agreement, and completed geotechnical and geological studies, as well as wind, current, and wave measurements. PGE’s CEO, Dariusz Marzec, emphasized the importance of this development for Poland’s offshore wind energy sector and the involvement of domestic suppliers in building a robust Polish value chain.

Relevance to Creotech S.A.: The Baltica 1 project highlights Poland's growing investment in advanced technologies and infrastructure, aligning with Creotech's focus on leveraging national and EU initiatives to support high-tech industries, including satellite and quantum systems.

European Investment Bank to Increase Funding for Security and Defense in 2026

The European Investment Bank (EIB) has announced plans to significantly boost funding for security and defense initiatives across Europe starting in 2026. This decision, revealed in a letter from EIB President Nadia Calviño to European Council President António Costa, emphasizes the strategic importance of supporting the EU’s eastern flank amidst growing geopolitical challenges. The EIB aims to prioritize investments in defense modernization, advanced technologies, and infrastructure to strengthen Europe’s resilience and autonomy.

Relevance to Creotech Instruments S.A.: The increased funding aligns with Creotech’s focus on space technologies, quantum systems, and defense-related electronics, presenting potential opportunities for new contracts and collaborations within the EU’s strategic autonomy programs.

European Investment Bank to Increase Funding for Security and Defense in 2026

Nadia Calviño, President of the European Investment Bank (EIB), has announced plans to further increase funding for security and defense initiatives across Europe in 2026. In a letter to European Council President António Costa, Calviño emphasized the EIB's commitment to supporting the EU's eastern flank and bolstering defense capabilities. This move aligns with broader European efforts to enhance strategic autonomy and strengthen the region's security infrastructure.

The EIB's focus on defense and security funding is expected to include investments in advanced technologies, such as satellite systems and quantum communication infrastructure, which are critical for modern defense strategies. These initiatives are part of a larger push to enhance the EU's resilience and technological independence in the face of evolving geopolitical challenges.

Relevance to Creotech S.A.: The increased funding for defense and security aligns with Creotech's expertise in space technologies, quantum systems, and satellite solutions, potentially opening new opportunities for the company to secure contracts and participate in EU-funded projects.

China Imposes Export Controls on Rare Earth Metals and Lithium Battery Materials

China's Ministry of Commerce and Customs Administration announced new export controls on five additional rare earth metals and related products, alongside restrictions on technologies and materials used in lithium battery production. The move is aimed at safeguarding national security and strengthening China's strategic position in global supply chains. These measures are expected to impact industries reliant on rare earth elements and advanced battery technologies, including aerospace, electronics, and renewable energy sectors.

Relevance to Creotech Instruments S.A.: The export restrictions could exacerbate supply-chain constraints in electronics manufacturing, a key risk factor for Creotech's satellite and quantum systems production. Additionally, the strategic importance of rare earths aligns with Creotech's focus on advanced technologies in defense and space sectors.

Poland Establishes Security and Defense Fund with €4.65 Billion Allocation

The Polish government has approved the creation of the Security and Defense Fund, allocating €4.65 billion under the National Recovery and Resilience Plan (KPO). The fund aims to bolster Poland’s defense capabilities, including protective infrastructure, dual-use facilities, cybersecurity, and modernization of heavy industry. A special-purpose vehicle (SPV) will be established by Bank Gospodarstwa Krajowego (BGK) to manage investments, with funding mechanisms such as loans, equity participation, and asset acquisitions. Key priorities will be guided by a Steering Committee comprising ministers from defense, regional development, and other strategic sectors. The initiative also includes investments in civil protection infrastructure, industrial upgrades, and dual-use transportation networks.

The European Council formally approved the fund’s framework in June, marking Poland as the first EU country to channel recovery funds into defense and security modernization. The project is expected to create jobs and strengthen Poland’s industrial base, including its defense and heavy manufacturing sectors.

Relevance to Creotech Instruments S.A.: This initiative aligns with Creotech’s expertise in advanced electronics and satellite technologies, presenting potential opportunities for collaboration in defense modernization and infrastructure projects.

NCBR and Scanway Forge Partnership to Support Innovative Space Startups

The National Centre for Research and Development (NCBR) and Scanway have announced a strategic collaboration aimed at fostering the growth of innovative startups in the space sector. The partnership will focus on providing financial and technical support to emerging companies developing cutting-edge technologies in satellite systems, space exploration, and advanced electronics. This initiative aligns with Poland's broader efforts to strengthen its space industry ecosystem and enhance its competitiveness in the global market.

The collaboration is expected to leverage NCBR's expertise in R&D funding and Scanway's technological capabilities to accelerate the commercialization of groundbreaking solutions. By nurturing startups, the program aims to drive innovation and contribute to the development of Poland's space infrastructure, including satellite platforms and quantum communication systems.

Relevance to Creotech Instruments S.A.: This initiative complements Creotech's focus on space technologies and aligns with the company's strategic goals of advancing Poland's space industry ecosystem and benefiting from increased R&D funding opportunities.

European Digital Technologies Call for Public-Private Investment Fund to Strengthen Global Competitiveness

At the CEE Digital Summit, Michał Kanownik, President of the Digital Poland Association, emphasized the urgent need for a robust European public-private investment fund to support breakthrough digital technologies. Kanownik argued that without such funding, Europe risks remaining a client rather than a global partner in the digital arms race. He highlighted the importance of investments in artificial intelligence, data centers, and secure data infrastructure, all powered by affordable green energy.

Kanownik also stressed the need for deregulation in the European digital market to enhance competitiveness against global powers. He pointed to progress in implementing the Digital Services Act (DSA) and the critical importance of updating Poland’s National Cybersecurity System Act to enable stable development of new digital services. Additionally, he advocated for stronger collaboration between government ministries and the Ministry of Digitalization to streamline digital policy coordination.

Education in digital skills and the government's proactive approach to new projects were also identified as key drivers for Poland’s digital market growth. Kanownik proposed appointing digitalization coordinators in each ministry to ensure unified policy execution.

Relevance to Creotech Instruments S.A.: The article highlights the strategic importance of secure data infrastructure and digital technologies, which align with Creotech’s expertise in quantum communication systems and satellite data solutions. Enhanced public-private funding and deregulation could directly benefit Creotech’s projects and growth in Poland’s space and quantum technology ecosystem.