Creotech

Creotech Instruments Appoints Dr. Jakub Bochiński as Vice President of the Management Board

Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies, quantum systems, and advanced electronics, has announced the appointment of Dr. Jakub Bochiński as Vice President of the Management Board, effective August 18, 2026. The decision was made by the company’s Supervisory Board on the same day.

Dr. Bochiński brings over 15 years of experience in the space sector, R&D project management, and commercialization of advanced technologies. Since joining Creotech in 2020, he has held several key roles, including Head of Space Products, Director of Strategic Procurement, and Acting Head of Space Products and Pricing. He has been instrumental in defining the company’s space product strategy, planning satellite missions, and launching major satellite constellation programs such as Mikroglob, CAMILA, and PIAST.

Prior to his tenure at Creotech, Dr. Bochiński managed R&D teams at Sollers Consulting and the Copernicus Science Centre. He also has a strong academic background, having conducted research on exoplanets at University College London and The Open University, where he earned his PhD in astronomy. His expertise has been recognized by organizations such as the European Space Agency (ESA) and the European Commission, where he has served as an advisor and expert.

Dr. Bochiński’s appointment underscores Creotech’s commitment to strengthening its leadership team as it continues to expand its footprint in the space and quantum technology sectors.

Relevance to Creotech S.A.

This appointment is highly relevant to Creotech’s business profile as it reinforces the company’s leadership in managing complex satellite and quantum technology projects, aligning with its strategic goals in the rapidly growing European space and defense markets.

Creotech S.A. Misses Out on Key ESA Satellite Contract Due to Higher Bid

In a recently concluded European Space Agency (ESA) tender for the development of a new satellite mission, Creotech Instruments S.A. was outbid by a competing firm that offered the lowest bid. The contract, valued at €25 million, was awarded to a European competitor, whose proposal undercut Creotech’s offer by a significant margin. While Creotech’s bid was technically compliant and aligned with ESA’s requirements, the higher cost ultimately led to the company losing the tender.

The loss of this contract represents a setback for Creotech, which has been positioning itself as a key player in the European space industry. The company has been leveraging its proprietary HyperSat platform and advanced satellite manufacturing capabilities to secure high-profile projects. However, the outcome of this tender highlights the competitive pressures and pricing challenges in the space technology sector.

Relevance to Creotech S.A.: This development is directly relevant to Creotech’s business as it underscores the risks associated with dependency on large contracts and the competitive nature of the space industry. Such outcomes could impact the company’s financial performance and its ability to capitalize on the growing European space budgets.

Creotech Instruments Achieves Key Milestone with Successful Launch and Communication of "Mikroglob-1" Satellite

Creotech Instruments S.A., a leading Polish high-tech company, has announced the successful deployment and initial communication with its "Mikroglob-1" satellite. The satellite, part of the Satellite Earth Observation System (SSOZ) project "Mikroglob," was launched aboard SpaceX's Falcon 9 rocket during the Transporter-17 mission on July 7, 2026. The satellite separated from the rocket and was activated in orbit at approximately 10:18 AM on the same day. Creotech has confirmed two-way communication with the satellite and received telemetry data from its subsystems.

The company has now entered the commissioning phase of the satellite, which will be completed before the system is handed over to Poland's Ministry of National Defense. The "Mikroglob" project, executed under a contract with the Polish Armament Agency, follows the European Collaboration for Space Standardization (ECSS) methodology and is scheduled for completion by March 31, 2027. Due to the project's critical importance to national security, further details remain confidential.

Relevance to Creotech S.A.: This milestone underscores Creotech's capabilities in satellite development and its strategic role in Poland's defense and space technology ecosystem, aligning with its expertise in small satellite platforms and advanced electronics manufacturing.

Creotech Instruments Secures Partial Approval for "Mikroglob" Satellite Project Documentation

Creotech Instruments S.A., a leading Polish high-technology company, announced a significant milestone in its "Mikroglob" Satellite Earth Observation System project. On June 26, 2026, the company received confirmation from the State Treasury - Armament Agency regarding the approval of the D2 outcome documentation, marking a partial acceptance of Phase D deliverables under the European Collaboration for Space Standardization (ECSS) methodology. This approval entitles Creotech to a net payment of PLN 42,109,784.52 for the submitted documentation.

The "Mikroglob" project, commissioned by the State Treasury, encompasses phases B, C, D, and E1, with completion scheduled for March 31, 2027. Creotech continues to progress according to the agreed timeline, reinforcing its position as a key player in Poland's growing space industry.

Relevance: This milestone highlights Creotech's capability to execute large-scale satellite projects, aligning with its expertise in space technologies and its strategic role in advancing Poland’s space industry ecosystem.

Creotech Instruments S.A. Gains Approval for Series M Shares on Warsaw Stock Exchange

On June 18, 2026, the Management Board of Creotech Instruments S.A., headquartered in Piaseczno, announced that the Warsaw Stock Exchange (WSE) has approved the admission and introduction of 650,000 Series M ordinary bearer shares to trading on its main market. The shares, identified with the ISIN code PLCRTCH00066, will be registered by the National Depository for Securities (KDPW) and are set to commence trading on June 22, 2026, contingent upon their registration by KDPW by the same date. This development follows the WSE Management Board's Resolution No. 933/2026, issued on June 18, 2026.

Relevance to Creotech S.A.: This milestone reflects Creotech's ongoing efforts to secure capital for its ambitious projects in space technologies, quantum systems, and advanced electronics manufacturing, aligning with its growth strategy and expansion plans in the high-tech sector.

Creotech Instruments: Strategic update — production scale-up, heavier platforms and EU market opportunity

Overview

Creotech Instruments presented a strategic roadmap focused on becoming a leading European prime contractor for complete space systems. Key themes are rapid product-line evolution (from small microsatellites to heavier platforms), a major increase in production and test capacity, targeted European market expansion (ESA and EU programmes), selective capital raises and targeted partnerships / small acquisitions to fill capability gaps.

Key facts and recent results

• Recent performance: 146 million PLN revenue last year and ~38% EBITDA margin on space products; >300 employees.
• Current backlog and pipeline: backlog ≈ 600 million PLN (coverage ~2–2.5 years); sales pipeline ≈ 8 billion PLN.
• Funding plan: proposed issuance of 650,000 new shares (pending approvals) to support expansion.

Product and technology roadmap

• Prime integrator role: Creotech positions itself as a “prime” — designing missions, producing satellites, performing tests, managing launch logistics, operating satellites and delivering ground systems.
• Hypersat platform family: evolution from sub-100 kg platforms (Kestrel, Eagle — both flight-demonstrated) to medium/heavier platforms: Sigal (contracted, flying in 2028 as part of KAMILA), Słon platform (~250 kg, work started Jan — co-funded by PARP) and EMU platform (target ~500 kg with a 2032 readiness goal).
• Modularity advantage: platform evolution relies on largely the same subsystems (computers, avionics, batteries) scaled across classes, reducing development risk.
• Supply-chain positioning: ~97% of subsystems sourced from EU suppliers; company is effectively China‑free and largely ITAR‑free — a European supply‑chain security selling point.

Manufacturing and test capacity expansion

• Current facility: Piaseczno clean-room operational with capacity to produce ~10 satellites/year up to 100 kg.
• Target by 2029: scale production capacity to ~40 satellites/year and enable assembly/test for satellites up to 500 kg (requires larger halls, crane systems and on-site test infrastructure).
• Test internalization: building in‑country test capabilities (now rely on Berlin) to avoid logistic bottlenecks and queueing, essential for high-frequency production.

Market and strategic positioning

• European focus: priority on ESA programmes first, then major post‑2028 EU space and security procurements.
• Addressable opportunity: management highlighted Poland’s increased ESA contribution (substantial georeturn expected) and a large EU programme (cited figure: 131 billion EUR across security/defence/space post‑2028), with an expectation that a meaningful portion will fund small-satellite constellations.
• Target ranking: ambition to become the 4th largest EU prime systems supplier (behind OHB, Airbus Defence & Space, Thales/Leonardo/Alenia group) over the 2030s.
• International expansion and partnerships: opening foreign offices (Toulouse, Germany region and a Kraków office already), pursuing small equity ties / acquisitions (MNEs) to add telecom and space‑heritage capabilities and to serve constellations such as Iris Square in 2028.

Program delivery & risks identified by management

• Prime contracts: Creotech already acts as prime on KAMILA (Sigal satellite) and Microglob (Polish military) projects — multiple 4‑satellite deliveries planned.
• Execution challenges: management acknowledges the need to scale manufacturing and testing quickly to capture ESA and EU programme demand and warned of logistical/test bottlenecks if capacity is not expanded.
• Resourcing & ecosystem: plans rely on growing the supplier ecosystem, hiring engineers (including hiring from EU markets), and securing capital to fund facilities and test equipment.

Immediate near‑term milestones

• Deliver Sigal (part of KAMILA) in 2028 and other contracted satellites for KAMILA and Microglob.
• Begin investments to expand production/test infrastructure (sites already selected; geotechnical work under way).
• Complete expansion of the Hypersat family (Słon and EMU) and plan capacity ramp to ~40 units/yr by 2029.
• Pursue capital issuance and M&A / minority investments to broaden capabilities and secure bids for EU procurements.

Video source: Forum Akcjonariat – Creotech Instruments S.A. | #WallStreet30

Why this matters for Creotech (1–2 sentences): The update outlines concrete steps to scale Creotech from a niche microsatellite maker to a European prime — increased product scope (up to 500 kg), a 4x manufacturing ramp, on‑site testing and targeted access to large ESA/EU funding pools are directly aligned with revenue growth and backlog expansion, but will require the planned funding and successful execution.

Creotech Instruments Transfers Control of PIAST Satellite Constellation to Military University of Technology

On June 16, 2026, Creotech Instruments S.A., a leading Polish high-technology company, announced the successful transfer of management and operational control of the PIAST (Polish Imaging Satellites) constellation to the Faculty of Civil Engineering and Geodesy at the Military University of Technology's "Satellite Operations Center" Laboratory. The PIAST constellation, comprising three satellites—PIAST-M, PIAST-S1, and PIAST-S2—will now be operated through the university's ground segment infrastructure and a Ground Segment as a Service (GsaaS) provider.

The transfer marks a significant milestone in the PIAST project, as it signifies the commencement of nominal operations for the satellite constellation. The mission involves maintaining continuous communication with the satellites, exchanging telemetry and telecommand data, conducting planned experiments, and receiving satellite imagery and other data. This project is the first deployment of Creotech's proprietary HyperSat platform within a satellite constellation.

PIAST is being executed under the leadership of the Military University of Technology, with Creotech as a key consortium partner. The project is funded by Poland's Ministry of National Defense through the National Centre for Research and Development as part of the Szafir program.

Relevance to Creotech S.A.: This milestone underscores Creotech's capabilities in satellite platform development and its strategic role in advancing Poland's space and defense technologies, aligning with its core business focus on space technologies and national defense modernization.

Creotech Instruments S.A. Completes Public Offering of Series M Shares, Raising PLN 481 Million

Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies, quantum systems, and advanced electronics manufacturing, has successfully concluded its public offering of Series M shares. The company announced that a total of 650,000 Series M shares were subscribed at an issue price of PLN 740.00 per share, raising a total of PLN 481 million. The funds have been fully paid by investors as of June 15, 2026.

The Management Board has initiated the process of registering the rights to the Series M shares with the National Securities Depository of Poland (KDPW) and their admission to trading on the Warsaw Stock Exchange. The capital raised will support Creotech's ambitious growth plans, including the development of its proprietary HyperSat satellite platform, quantum communication technologies, and advanced electronics manufacturing capabilities. The offering was coordinated by UniCredit Bank GmbH, Kepler Cheuvreux, J.P. Morgan SE, and Trigon Dom Maklerski S.A., among others.

Relevance to Creotech S.A.: The successful completion of the public offering significantly strengthens Creotech's financial position, enabling the company to further expand its operations in the space and quantum technology sectors, which align with its core business objectives and growth strategy.

Creotech Instruments S.A. Launches Public Offering of Series M Shares to Fund Strategic Growth

Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies, quantum systems, and advanced electronics manufacturing, has announced the commencement of a public offering of up to 650,000 Series M ordinary bearer shares. The offering, conducted through an accelerated bookbuilding process, is targeted at qualified investors and those subscribing for shares worth at least EUR 100,000. The proceeds from the issuance will be allocated to support the company’s 2026-2029 Development Strategy, which includes:

• 40%-60%: Investment in production and R&D infrastructure.
• 20%-30%: Financing research and development, particularly for new satellite platforms and quantum technologies.
• 20%-30%: Funding potential acquisitions, strategic partnerships, international expansion, and operational costs.

The offering is being managed by a consortium of financial institutions, including UniCredit Bank GmbH, J.P. Morgan SE, Trigon Dom Maklerski S.A., and PKO BP. The final number of shares and their issue price will be determined based on the results of the bookbuilding process, which is set to conclude by June 12, 2026. The company has also committed to a 180-day lock-up period, during which it will not issue new shares without prior consent from the offering managers.

The funds raised will enable Creotech to expand its production capabilities, accelerate R&D efforts, and pursue strategic growth opportunities, aligning with its mission to strengthen its position in the space and quantum technology sectors.

Relevance to Creotech S.A.: This public offering is directly tied to Creotech's strategic goals of advancing its satellite and quantum technology platforms, expanding its production infrastructure, and supporting its international growth ambitions.

Creotech Instruments S.A. Announces Key Resolutions from Annual General Meeting

On June 3, 2026, Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies, quantum systems, and advanced electronics manufacturing, held its Annual General Meeting (AGM) in Piaseczno. The meeting resulted in the adoption of several significant resolutions aimed at supporting the company’s strategic growth and operational goals.

Key resolutions included the approval of the company’s financial statements for 2025, which reported a net profit of PLN 13.57 million and an increase in equity by PLN 88.06 million. The AGM also approved the allocation of the entire 2025 net profit to the company’s reserve capital to support future investments and expansion. Additionally, the board members and supervisory board members were granted discharge of their duties for the fiscal year 2025.

One of the most notable resolutions was the decision to increase the company’s share capital by issuing up to 650,000 new Series M shares through a private subscription, with the exclusion of pre-emptive rights for existing shareholders. This move aims to raise funds for the implementation of Creotech’s strategic plan for 2026–2029. The AGM also approved the establishment of a new incentive program for the company’s CEO, Grzegorz Konrad Brona, which includes the issuance of up to 103,600 subscription warrants tied to performance-based milestones.

These resolutions reflect Creotech’s commitment to strengthening its position in the space and quantum technology sectors, as well as its focus on long-term growth and shareholder value.

Relevance to Creotech S.A. Business Profile: The AGM resolutions align with Creotech’s strategic focus on expanding its capabilities in satellite and quantum technologies, leveraging increased European space and defense budgets, and accessing R&D grants to support its growth initiatives.

Creotech Instruments Faces Financial Challenges Amid Strategic Restructuring

Creotech Instruments S.A., a leading Polish high-tech company specializing in space technologies, quantum systems, and advanced electronics manufacturing, reported mixed financial results for Q1 2026. The company recorded a net loss of PLN 6.87 million, a stark contrast to the net profit of PLN 1.4 million in the same period last year. Revenues from continued operations fell to PLN 16.8 million, down from PLN 19.9 million year-on-year, primarily due to project scheduling adjustments. Operating costs surged by PLN 9.7 million, driven by increased employee compensation, social insurance, and subcontractor expenses for key projects such as Mikroglob and CAMILA.

In a significant development, Creotech completed the spin-off of its quantum systems segment into a new entity, Creotech Quantum S.A., in April 2026. The spin-off resulted in the issuance of Creotech Quantum shares to existing shareholders, with the value of the transferred assets significantly exceeding their book value. This transaction is expected to impact the company's financial results in Q2 2026.

Despite the financial setbacks, Creotech achieved several operational milestones, including the successful launch phases of satellites in the PIAST constellation and the acceptance of key milestones in the CAMILA project by the European Space Agency (ESA). The company also initiated a public offering of up to 650,000 new shares to raise approximately EUR 100 million for its 2026-2029 strategic development plan.

Creotech's future performance will depend on securing new ESA contracts, the success of its public offering, and the timely execution of ongoing projects. The company remains optimistic about its growth potential, supported by increased Polish contributions to ESA and the development of the national space industry ecosystem.

Relevance to Creotech S.A.: The article highlights Creotech's financial performance, strategic restructuring, and ongoing projects, which are directly tied to its core business areas of space technologies, quantum systems, and advanced electronics manufacturing.

Creotech Quantum S.A. Reports Financial Losses in Q1 2026 Amid Strategic Developments

Creotech Quantum S.A., a subsidiary of Creotech Instruments S.A., reported a net loss of PLN 44,000 for the first quarter of 2026, reflecting the company's early-stage operational challenges following its spin-off from Creotech Instruments S.A. The company did not generate revenue during the quarter, with operational costs primarily driven by employee wages and social insurance contributions, accounting for 60% of total expenses.

Key developments during the quarter included the signing of a strategic contract with the European Space Agency (ESA) for the "Multi-purpose Quantum Key Distribution receiver for optical ground stations" project. Creotech Quantum will act as a subcontractor to OHB System AG, contributing control electronics and single-photon detectors valued at approximately EUR 300,000. Additionally, the company relocated its operations to a new facility in Warsaw and continued preparations for its independent operations post-spin-off.

Creotech Quantum also successfully completed an IPO, raising PLN 81.2 million through the issuance of 350,000 Series D shares at PLN 232 per share. The funds will be allocated to research and development, infrastructure expansion, and scaling production capabilities.

Despite the financial losses, the company remains optimistic about its growth prospects, citing increased European defense and space budgets, rising demand for quantum communication technologies, and access to EU and Polish R&D grants as positive drivers for future development.

Relevance to Creotech Instruments S.A.: This article highlights the strategic initiatives and financial challenges of Creotech Quantum S.A., a spin-off from Creotech Instruments S.A., showcasing the parent company's expansion into quantum technologies and its alignment with European space and defense priorities.

Creotech Instruments Reports Q1 2026 Financial Results and Strategic Developments

Polish high-tech company Creotech Instruments S.A. has reported total revenues of approximately PLN 27 million for Q1 2026, up from PLN 25.5 million in the same period last year. The company’s backlog for 2026 stood at PLN 254.7 million as of the end of 2025, reflecting strong future commitments. The space projects segment contributed the largest share of revenue, accounting for 71.5% of total sales.

Despite a net loss of PLN 5.4 million in Q1 2026, attributed to increased operational costs and a non-cash motivational program, Creotech maintained a robust financial position with cash reserves of PLN 84 million as of March 2026. The company highlighted that revenue recognition for its major space projects, including Mikroglob and CAMILA, is tied to milestone achievements, which are unevenly distributed across the project timelines.

Additionally, Creotech completed the spin-off of its quantum technology division into a new entity, Creotech Quantum, on April 1, 2026. The fair value of the spun-off segment was estimated at PLN 698.4 million. Creotech Quantum generated PLN 9 million in revenue and a net profit of PLN 1.5 million in Q1 2026.

Looking ahead, Creotech has adopted a new development strategy for 2026–2029, aiming to expand its operations and strengthen its position in the European space market. To support this growth, the company announced a plan to issue up to 650,000 new shares in May 2026 to raise additional capital.

Creotech’s CEO, Grzegorz Brona, emphasized the company’s focus on achieving key milestones in its largest space projects, which are expected to drive revenue growth in the coming quarters. The company also continues to work on projects for the European Space Agency (ESA), the European Commission, and national institutions, ensuring high operational activity.

Relevance to Creotech S.A. Business Profile

This article highlights Creotech’s core activities in space technologies and quantum systems, as well as its strategic focus on expanding its presence in the European space industry. The financial results and project updates underscore the company’s role in delivering advanced satellite and quantum solutions, aligning with its business profile and growth objectives.

Creotech Instruments S.A. Gains Approval for Series D Shares on Warsaw Stock Exchange

Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies and quantum systems, has announced that the Warsaw Stock Exchange (WSE) has approved the admission and introduction of 350,000 Series D ordinary bearer shares to trading on its main market. The decision, formalized through Resolution No. 759/2026, was made on May 29, 2026. The shares, identified by ISIN code PLCTHQM00034, are set to commence trading on June 3, 2026, contingent upon their registration in the securities depository managed by Krajowy Depozyt Papierów Wartościowych (KDPW) by the same date.

This development marks a significant milestone for Creotech, as the new share issuance is expected to support the company’s ongoing expansion and R&D initiatives in satellite production, quantum communication, and advanced electronics manufacturing.

Relevance: The approval of Series D shares aligns with Creotech’s growth strategy, providing critical funding for its ambitious projects, including the development of its proprietary HyperSat platform and quantum communication technologies.

Creotech Instruments S.A. Raises PLN 81.2 Million Through Private Share Offering

Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies, quantum systems, and advanced electronics manufacturing, has successfully completed a private subscription offering of 350,000 Series D ordinary shares. The offering, conducted between May 15 and May 22, 2026, raised a total of PLN 81.2 million, with each share priced at PLN 232. The company secured commitments from 61 investors, with all shares fully subscribed. The raised capital will support Creotech’s ongoing expansion and development projects, including its proprietary HyperSat satellite platform and quantum communication technologies.

The company’s management confirmed the increase in share capital on May 25, 2026, and announced plans to list the new shares on the Warsaw Stock Exchange. The final costs associated with the share issuance will be disclosed in a separate report once all financial documentation is finalized.

Relevance to Creotech S.A.: The successful capital raise strengthens Creotech’s financial position, enabling the company to fund its ambitious projects in satellite production, quantum communication, and advanced electronics, aligning with its strategic growth objectives in the space and quantum technology sectors.

Creotech Instruments S.A. Secures Strategic Investment Option in Thorium Space S.A.

On May 29, 2026, Creotech Instruments S.A., a leading Polish high-technology company, announced the signing of an option agreement with Thorium Space S.A., a Wrocław-based space technology firm. The agreement grants Creotech the right to acquire 1,100,560 Series I shares in Thorium Space, representing approximately 19.99% of Thorium's share capital and voting rights at its general meeting. The nominal value of the shares is PLN 0.10 each, with a total nominal value of PLN 110,056. The subscription price per share will be determined based on Thorium's public offering price, with a 20% discount, and will range between PLN 25 and PLN 30 per share.

The option is contingent upon Thorium's Supervisory Board and General Meeting approving resolutions to conditionally increase its share capital and issue subscription warrants. Creotech will be eligible to exercise the option between one and four years after Thorium's shares are listed on the Warsaw Stock Exchange or the NewConnect market. Additionally, the agreement grants Creotech the right to appoint a member to Thorium's supervisory board upon reaching specific shareholding thresholds.

This strategic move aligns with Creotech's focus on expanding its footprint in the space technology sector and fostering collaborations within Poland's growing space industry ecosystem.

Relevance to Creotech S.A.: This agreement strengthens Creotech's position in the space technology sector and aligns with its strategy to support the development of Poland's space industry ecosystem, a key driver for its business growth.

Creotech Instruments Secures License for "Mikroglob" Earth Observation Satellite System

Creotech Instruments S.A., a leading Polish high-technology company, has announced the receipt of a license from the President of the Polish Space Agency (POLSA) to conduct space activities under the Space Activities Act of February 13, 2026. The license pertains to the implementation of the "Mikroglob" Earth Observation Satellite System (SSOZ) project. The project is scheduled for completion by March 31, 2027. While specific details of the project timeline and conditions remain confidential due to national security considerations, this development marks a significant milestone for Creotech's involvement in advancing Poland's space capabilities.

Relevance to Creotech S.A.: This achievement aligns with Creotech's strategic focus on satellite development and its role in bolstering Poland's space industry ecosystem, as well as its commitment to delivering complex projects like "Mikroglob" that contribute to national security and technological advancement.

Creotech Instruments S.A. Announces Capital Increase and Statute Amendments

On May 27, 2026, Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies, quantum systems, and advanced electronics manufacturing, announced the registration of amendments to its corporate statute by the District Court for the Capital City of Warsaw. The changes, approved during the Extraordinary General Meeting on January 21, 2026, include a conditional increase in the company's share capital by up to PLN 21,407.70 through the issuance of up to 214,077 Series C ordinary bearer shares. These shares are tied to Series A subscription warrants, granting holders the right to acquire Series C shares by December 31, 2030. Additionally, the company updated its registered address to ul. Migdałowa 4, 02-796 Warsaw.

The amendments also revised the company's statute to allow for the undertaking of financial obligations exceeding PLN 1,000,000. This move is part of Creotech's broader strategy to secure funding for its ambitious growth plans, including the development of its proprietary HyperSat satellite platform and quantum communication technologies.

Relevance to Creotech S.A.: The capital increase and statute amendments are critical for Creotech's ability to fund its expansion and execute large-scale projects, aligning with its strategic focus on space and quantum technologies.

Creotech Instruments S.A. Secures ESA Authorization for Electronics Assembly Standards

Creotech Instruments S.A., a leading Polish high-technology company, has successfully completed an audit conducted by the European Space Agency (ESA) at its electronics assembly facility in Piaseczno. On May 22, 2026, the company received official authorization from ESA, confirming that its infrastructure and assembly processes meet the stringent ECSS (European Cooperation for Space Standardization) standards required for space projects. This milestone marks the completion of Creotech's infrastructure expansion at the Piaseczno location, further solidifying its position in the European space industry.

Relevance: This achievement aligns with Creotech's strategic focus on space technologies and its role in ESA projects, enhancing its credibility and competitiveness in the growing European space sector.

Creotech Instruments S.A. Completes Public Offering of Series D Shares, Raising PLN 81.2 Million

Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies, quantum systems, and advanced electronics manufacturing, has successfully completed the public offering of 350,000 Series D ordinary shares. The shares, with a nominal value of PLN 35,000, were issued at an offering price of PLN 232 per share, raising a total of PLN 81.2 million. The shares have been fully paid for by investors through monetary contributions.

The company’s management has announced plans to register the increased share capital with the National Court Register and to list the Series D shares on the Warsaw Stock Exchange (GPW) following their registration in the securities depository maintained by the National Depository for Securities (KDPW). This capital injection is expected to support Creotech’s ongoing expansion and development of its cutting-edge projects, including its proprietary HyperSat satellite platform and quantum communication technologies.

Relevance to Creotech S.A.: The successful completion of the Series D share offering provides Creotech with significant financial resources to fund its ambitious growth plans, including the development of satellite and quantum technologies, which are core to its business strategy.

Creotech Quantum S.A. Announces Ordinary General Meeting for June 2026

Creotech Quantum S.A., a leading Polish high-technology company specializing in space technologies, quantum systems, and advanced electronics manufacturing, has announced the convening of its Ordinary General Meeting (OGM) on June 12, 2026, at its headquarters in Warsaw. The agenda includes the presentation and approval of the financial statements for the fiscal year ending December 31, 2025, as well as reports from the Management Board and Supervisory Board. Key decisions to be made include the approval of the financial statements, the coverage of the company's net loss of PLN 70,327.59 from future profits, and the granting of discharge to the Management Board and Supervisory Board members for their duties in 2025. Additionally, the meeting will address the Supervisory Board's report on the remuneration of the company's executives.

The company has also provided detailed instructions for shareholders regarding participation, including the process for submitting proposals, appointing proxies, and accessing relevant documents. The list of shareholders eligible to participate will be available for review from June 9 to June 11, 2026, at the company's headquarters.

Relevance to Creotech S.A. Business Profile

This announcement is directly relevant to Creotech S.A.'s business profile as it highlights the company's governance practices, financial performance, and strategic planning, which are critical for maintaining investor confidence and supporting its growth in the space and quantum technology sectors.

Creotech Quantum S.A. Partners with Milton Essex S.A. for Quantum-Enhanced Border Security Solutions

On May 15, 2026, Creotech Quantum S.A., a subsidiary of Creotech Instruments S.A., signed a cooperation and confidentiality agreement with Milton Essex S.A. to jointly develop a hardware and software platform for the commercialization of Milton Essex's biometric gateway, FaceCOV ActiveSCAN Smart_Border_4.0 QUANTUM. The system is designed for field border control and critical infrastructure security, leveraging quantum encryption technology developed by Creotech Quantum S.A.

The agreement outlines plans for collaboration on the commercialization of Creotech's Quantum Key Distribution (QKD)-based encryption tools and Milton Essex's biometric gateway. Additionally, the partnership includes the possibility of jointly applying for grants and research and development programs. Intellectual property rights for solutions developed under the collaboration will be determined in separate agreements, including consortium contracts.

The partnership is expected to significantly enhance the technological capabilities of Milton Essex's biometric gateway while opening new opportunities for joint R&D projects and product commercialization.

Relevance to Creotech S.A.: This collaboration aligns with Creotech's strategic focus on quantum communication technologies and secure data infrastructure, reinforcing its position as a leader in advanced quantum systems and expanding its market reach in critical security applications.

Creotech Instruments S.A. Announces Pricing and Allocation of Series D Shares in Public Offering

Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies, quantum systems, and advanced electronics manufacturing, has finalized the pricing and allocation of its Series D shares as part of a public offering. The company announced the issuance of 350,000 Series D shares at a unit price of PLN 232.00, following the completion of the accelerated book-building process conducted by Dom Maklerski Banku Ochrony Środowiska S.A. The offering aims to support Creotech’s strategic growth initiatives, including its expansion in satellite production and quantum communication systems.

The decision was made by the company’s management board with prior approval from its supervisory board, reflecting confidence in the demand for Creotech’s shares and its long-term business prospects. The offering complies with relevant legal and regulatory requirements, ensuring adherence to international securities laws.

Relevance to Creotech S.A.: This development is crucial for Creotech’s ability to secure funding for its ambitious projects, including the upcoming clean-room satellite production facility and advancements in quantum communication technologies, aligning with its strategic growth objectives.

Creotech Instruments S.A. Announces €100 Million Public Offering to Fund Strategic Growth Plan

Creotech Instruments S.A., a leading Polish high-technology company listed on the Warsaw Stock Exchange (CRI.WSE), has announced plans to raise approximately €100 million through a public offering of up to 650,000 new Series M shares. The decision, approved by the company’s management board on May 7, 2026, aims to support the implementation of Creotech’s Development Strategy for 2026-2029.

The funds raised will be allocated as follows:

• 40%-60%: Investment in production infrastructure and research and development (R&D) activities.
• 20%-30%: Development of new satellite platforms and advanced technologies.
• 20%-30%: Financing potential acquisitions, strategic partnerships, international expansion, and operational costs.

To facilitate the offering, Creotech has partnered with several financial institutions, including UniCredit Bank GmbH (Milan branch), Kepler Cheuvreux, Trigon Dom Maklerski S.A., and PKO Bank Polski S.A. The offering will be conducted under the European Union’s Prospectus Regulation, allowing for a streamlined process without the need for a formal prospectus.

The capital increase is expected to bolster Creotech’s position in the rapidly growing space and quantum technology sectors, enabling the company to expand its production capabilities, enhance its R&D efforts, and pursue strategic growth opportunities.

Relevance to Creotech S.A. Business Profile

This development is highly relevant to Creotech’s business profile as it directly supports the company’s strategic focus on advancing its satellite and quantum technology platforms, while also addressing its capital needs for expansion and R&D investments.

Creotech Instruments S.A. Unveils Ambitious 2026-2029 Strategic Plan to Cement Position in European Space Industry

Creotech Instruments S.A., a leading Polish high-tech company specializing in space technologies, quantum systems, and advanced electronics, has announced its strategic development plan for 2026-2029. The strategy outlines five key directions aimed at scaling the company’s operations, expanding its product portfolio, and solidifying its position as a top-tier European space contractor.

Key highlights of the strategy include:

• Expansion into Minisatellites: Creotech plans to introduce satellite platforms with masses ranging from 100 to 500 kg, targeting both commercial and scientific missions.
• Production Capacity Growth: The company aims to quadruple its production capacity, enabling the assembly of over 40 satellites annually by 2029, supported by expanded cleanroom facilities and internalized testing processes.
• European Constellation Projects: Creotech is positioning itself as a key supplier for upcoming European Union satellite constellations, such as IRIS2 and EOGS, which are set to launch in 2028.
• Market Consolidation: The company plans to pursue strategic mergers, acquisitions, and joint ventures to enhance its technological capabilities and market presence.
• Top 4 Prime Contractor Goal: Creotech aims to become one of the top four prime contractors in Europe by leveraging its expertise in end-to-end satellite mission management and its proprietary HyperSat platform.

The strategy also emphasizes the importance of securing funding, with plans to raise approximately €100 million through equity issuance, debt financing, and grants to support infrastructure expansion, R&D, and international market entry. Creotech’s current order backlog stands at PLN 587 million, with a sales pipeline valued at PLN 8.3 billion, indicating strong growth potential.

Creotech’s CEO highlighted the company’s commitment to delivering versatile and cost-effective satellite solutions that drive economic growth, enhance security, and contribute to scientific exploration. The company also aims to maintain its leadership in Central and Eastern Europe while expanding its footprint across key European markets.

Relevance to Creotech S.A. Business Profile

This announcement is highly relevant to Creotech’s business profile as it underscores the company’s strategic focus on scaling its satellite production capabilities, participating in European space initiatives, and advancing its position as a leader in space and quantum technologies.

Creotech Instruments S.A. Plans Capital Increase of 55-60 Million PLN to Support Expansion

Polish high-tech company Creotech Instruments S.A. has announced its intention to raise approximately 55-60 million PLN through a potential share issuance under its authorized capital framework. The company aims to secure the necessary financing by the end of the first half of 2026, as outlined in a recent statement. The funds will be directed towards supporting its ambitious growth plans, including the development of its proprietary technologies in space, quantum systems, and advanced electronics manufacturing.

Creotech's strategic focus on expanding its capabilities, such as the upcoming clean-room satellite production facility in Piaseczno, aligns with increasing demand for European space and quantum technologies. The capital raise is expected to bolster the company's ability to execute large-scale projects and maintain its competitive edge in the rapidly evolving high-tech sector.

Relevance: This development is directly tied to Creotech's business profile, as it highlights the company's efforts to secure funding for its expansion in satellite and quantum technology projects, which are core to its operations and growth strategy.

Creotech Quantum Plans to Raise PLN 55-60 Million for R&D and Commercialization Efforts

Creotech Quantum, a subsidiary of Creotech Instruments S.A., has announced plans to raise approximately PLN 55-60 million through a share issuance by the end of the first half of 2026. The company aims to allocate 50-65% of the funds to research and development (R&D) activities and organizational expansion, with a focus on advancing quantum communication technologies and security solutions.

Key R&D initiatives include the development of next-generation quantum key distribution (QKD) systems for ground infrastructure, single-photon detectors, and receivers for optical ground stations. Additionally, Creotech Quantum is working on advanced solutions for space security and quantum processor electronics. The remaining funds will be directed toward business development and product commercialization, including pilot projects and market introduction of its QKD systems and related products, such as single-photon detectors for optical ground stations.

According to CEO Anna Kamińska, the company is committed to enhancing its proprietary technologies and scaling its business model to meet the growing demand for quantum communication solutions, particularly in the areas of data security and critical infrastructure.

Creotech Quantum also plans to continue leveraging external funding sources, including national and international programs, as well as projects commissioned by the European Commission and the European Space Agency (ESA).

Relevance to Creotech S.A.

This development aligns with Creotech Instruments S.A.'s strategic focus on quantum systems and space technologies, reinforcing its position as a key player in the European quantum communication and satellite technology markets.

Creotech Instruments Terminates Agreement with PARP for Satellite Photovoltaic Panel Project

Creotech Instruments S.A., a leading Polish high-technology company, announced the termination of its agreement with the Polish Agency for Enterprise Development (PARP) regarding the "Efficient Satellite Photovoltaic Panels System" project. The decision, effective after a one-month notice period, was made due to PARP's rejection of Creotech's proposal to modify the project's scope to align with current market conditions. The company confirmed that no funds were utilized under the agreement and stated that it may consider pursuing the project independently, depending on market circumstances.

Relevance to Creotech S.A.: This development highlights the challenges Creotech faces in executing complex projects and adapting to shifting market dynamics, which are critical to its operations in satellite technology and advanced electronics manufacturing.

Creotech Instruments Joins Initiative to Develop Regional Satellite Data Sharing System

Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies, has announced its participation as a signatory in a letter of intent for a project aimed at building a regional satellite data-sharing system. The initiative seeks to enhance collaboration and accessibility of satellite data across the region, supporting advancements in secure communication, environmental monitoring, and defense applications. The company disclosed this development in a press release, highlighting its commitment to fostering innovation in satellite-based solutions.

This development aligns with Creotech’s expertise in satellite technologies and data solutions, reinforcing its strategic position in the growing European space and defense ecosystem. It also underscores the company’s role in advancing regional and EU-level initiatives for secure and efficient satellite data infrastructure.

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

Creotech Instruments S.A., a leading Polish high-technology company listed on the Warsaw Stock Exchange (ticker: CRI.WSE), is poised to capitalize on the growing European and Polish investments in space and quantum technologies. The company specializes in the development of small satellites, microsatellite platforms (notably its proprietary HyperSat platform), quantum communication systems, and advanced electronics manufacturing. With its clean-room satellite production facility in Piaseczno set to become operational by late 2025, Creotech is well-positioned to secure new contracts from the European Space Agency (ESA) and commercial clients.

Key external factors driving Creotech's growth include increased European defense and space budgets, EU and ESA strategic autonomy programs, and the expansion of quantum communication infrastructure under the EuroQCI initiative. Additionally, access to EU and Polish R&D grants is expected to reduce financing costs, further supporting the company’s innovation and expansion efforts.

However, Creotech faces challenges such as execution risks on large-scale projects, dependency on a few major contracts, and potential supply-chain constraints in electronics manufacturing. The company must also navigate talent shortages in Poland's satellite and quantum engineering sectors and potential shifts in government or ESA funding priorities.

Creotech's strategic focus on satellite missions, ESA contracts, and quantum communication infrastructure aligns with the broader trends in the space and defense industries, positioning the company as a key player in Europe's push for technological sovereignty.

Relevance to Creotech S.A.: The article highlights the external factors and industry trends that directly impact Creotech's core business areas, including satellite production, quantum technologies, and its role in advancing Poland's space industry ecosystem.

Creotech Instruments and Liftero Partner to Advance Satellite Propulsion Integration

Creotech Instruments S.A., a leading Polish space technology company, has entered into a strategic partnership with propulsion technology developer Liftero to integrate advanced propulsion systems with Creotech's satellite platforms. The collaboration aims to enhance the competitiveness of satellite solutions by aligning Liftero's BOOSTER propulsion system with Creotech's proprietary platforms, including configurations for future satellite generations.

The BOOSTER system, designed for satellites weighing 30–500 kg, utilizes non-toxic propellants and offers customizable thrust and impulse configurations for diverse mission profiles, such as constellation projects, in-orbit servicing, and return capsules. Following its successful deployment in the RED5 mission in March 2025, the system has demonstrated operational reliability in space, solidifying its market credibility.

The agreement also includes knowledge exchange, joint project development, and potential collaboration on national and international satellite initiatives for government agencies, the European Space Agency (ESA), and commercial clients. Both companies see significant synergies in their technologies, with the partnership expected to bolster the global competitiveness of Polish space solutions.

Grzegorz Brona, CEO of Creotech Instruments, emphasized the importance of this collaboration in positioning Polish technologies for future satellite missions and expanding their presence in international space programs.

Relevance to Creotech S.A.

This partnership aligns with Creotech's focus on satellite platform development and its strategic role in advancing Poland's space industry ecosystem. It also supports the company's efforts to secure a stronger foothold in ESA and commercial satellite projects.

Allianz Polska Becomes Shareholder in Newly Spun-Off Creotech Quantum S.A.

On April 17, 2026, Creotech Quantum S.A., a newly established entity spun off from Creotech Instruments S.A., announced that Allianz Polska Open Pension Fund (Allianz OFE) has acquired a 5.41% stake in the company. The transaction was part of a 1:1 share allocation process during the spin-off, resulting in Allianz OFE holding 235,684 shares in the new entity. This development positions Allianz Polska as a significant shareholder in Creotech Quantum S.A., which focuses on advancing quantum communication and computing technologies.

The spin-off reflects Creotech Instruments S.A.'s strategic focus on separating its quantum technology operations into a dedicated entity, allowing for more targeted growth and investment in this rapidly expanding sector.

Relevance: This development is significant for Creotech Instruments S.A. as it highlights the company's strategic restructuring to enhance its focus on quantum technologies, a key growth area supported by EU and ESA initiatives like EuroQCI.

Creotech Quantum Launches First Quantum Products and Eyes European Market Expansion

Creotech Quantum, a newly established subsidiary of Creotech Instruments S.A., has officially launched its first quantum technology products and is actively working on developing additional solutions, according to CEO Anna Kamińska. The company, which recently debuted on the Warsaw Stock Exchange, is focusing on quantum key distribution (QKD) systems for secure communication, targeting sectors such as telecommunications, banking, insurance, and energy networks. Creotech Quantum is also advancing its quantum computing control systems and high-precision synchronization technologies, including White Rabbit systems.

Kamińska emphasized the importance of European strategic autonomy in technology, particularly in light of current geopolitical challenges, and highlighted the company's commitment to building a robust local supply chain. The company is also preparing for certification of its quantum technologies under Common Criteria standards, a process expected to be fully established within the next two to three years. Creotech Quantum aims to solidify its position in the rapidly evolving quantum technology sector, leveraging its strong engineering team and European Union support to compete on a global scale.

Creotech Quantum's focus on quantum communication and computing aligns with Creotech Instruments S.A.'s broader business profile, which includes quantum systems development and advanced electronics manufacturing. The launch of quantum products and the company's strategic emphasis on European markets underscore its role in advancing the EU's strategic autonomy in cutting-edge technologies.

Creotech Instruments S.A. Achieves Record Revenues and Profitability in 2025, Successfully Spins Off Quantum Segment

Creotech Instruments S.A., a leading Polish space technology company, reported a breakthrough year in 2025, achieving its first annual net profit since its public listing and recording a fourfold increase in revenues. The company’s net sales from continuing operations reached PLN 143.9 million, up from PLN 15.8 million in 2024, driven primarily by progress on flagship satellite projects "Mikroglob" and "CAMILA". Net profit for the year totaled PLN 13.6 million, a significant turnaround from a net loss of PLN 20.5 million in the previous year. EBITDA from continuing operations rose to PLN 38.1 million, compared to a negative PLN 15.8 million in 2024.

The company’s growth was fueled by the successful execution of major contracts, including the delivery of four HyperSat-based microsatellites for the Polish Ministry of Defense and the CAMILA Earth observation constellation for the European Space Agency (ESA). In November 2025, Creotech’s proprietary HyperSat platform was validated in orbit with the launch of three PIAST satellites, confirming the company’s capability for serial satellite production and constellation deployment.

In a strategic move, Creotech completed the spin-off of its quantum technologies segment, establishing Creotech Quantum S.A. as an independent entity in April 2026. The new company, focused on quantum computing control systems, quantum key distribution (QKD), and advanced time synchronization, was distributed to Creotech shareholders. The quantum segment, previously a significant part of Creotech’s R&D portfolio, is now classified as discontinued operations in the 2025 financial statements.

Creotech’s order book remains robust, with the majority of future revenues secured through long-term contracts with ESA and the Polish defense sector. The company also secured new R&D grants, including a PLN 26.2 million award from the Polish Agency for Enterprise Development (PARP) for the development of the next-generation SWAN satellite platform. Investments in production capacity continued, with the expansion of the Piaseczno facility to enable the assembly of up to 10 satellites per year.

The company’s workforce grew to 297 employees, reflecting increased demand for engineering talent to support large-scale projects. Despite the positive outlook, Creotech’s management highlighted ongoing risks related to project execution, supply chain constraints, and the need to secure new contracts beyond the current flagship programs.

Key post-balance sheet events include the successful commissioning of the PIAST satellite constellation, new ESA contracts for satellite servicing and navigation missions, and the acceptance of further milestones in the CAMILA project, resulting in additional payments from ESA.

Creotech’s management and supervisory board confirmed the reliability and transparency of the company’s financial reporting, with the annual statements audited by UHY ECA Audyt Sp. z o.o. The company’s capital structure was strengthened by a successful share issue in April 2025, raising PLN 76 million to support ongoing expansion.

Relevance: This article is highly relevant to Creotech S.A.’s business profile as it details the company’s financial turnaround, successful execution of major ESA and defense contracts, strategic restructuring, and continued leadership in the European space sector.

European Space Agency Awards Satellite Contract to Competitor Over Creotech S.A.

The European Space Agency (ESA) has announced the results of a recent tender for a satellite development project, with the contract awarded to a competing firm that submitted the lowest bid. Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies, participated in the tender but was unsuccessful due to its higher bid compared to the winning competitor. The decision marks a setback for Creotech, which has been actively pursuing ESA contracts to expand its portfolio and strengthen its position in the European space industry.

The loss of this tender highlights the challenges Creotech faces in a competitive market, where pricing plays a critical role in securing contracts. Despite this outcome, the company remains well-positioned to leverage its proprietary technologies, such as the HyperSat platform, and capitalize on the growing European space and defense budgets.

Relevance to Creotech S.A.: The tender result directly impacts Creotech's business as ESA contracts are a key driver of growth for the company. Losing the bid underscores the risks associated with dependency on large contracts and the competitive pressures in the space technology sector.

Creotech Instruments S.A. Completes Key Milestone in ESA's CAMILA Project, Secures €834,434 Payment

Creotech Instruments S.A., a leading Polish high-technology company, has successfully completed the second milestone of the European Space Agency's (ESA) "Country Awareness Mission in Land Analysis" (CAMILA) project. The milestone, achieved on April 10, 2026, was finalized with all subcontractor agreements executed as per the project’s scope. This accomplishment entitles Creotech to a supplementary payment of €834,434, with approximately 97% of the amount directly allocated to the company, while the remainder will cover subcontractor fees.

The CAMILA project is a significant initiative under ESA, and Creotech’s successful execution of this milestone underscores its capabilities in managing complex satellite and data analysis projects. The company has committed to providing updates on the progress of subsequent milestones through future reports.

Relevance to Creotech S.A.: This achievement highlights Creotech’s ability to deliver on large-scale, high-stakes projects, reinforcing its position as a key player in the European space industry and strengthening its relationship with ESA, a critical partner in its business operations.

Creotech Instruments Finalizes Spin-Off of Quantum Segment, Creotech Quantum to Debut on Warsaw Stock Exchange in 2026

Creotech Instruments S.A. has successfully completed the separation of its quantum technology division into an independent entity, Creotech Quantum. The process was finalized with the registration of an increased share capital for Creotech Quantum in the National Court Register (KRS) on Wednesday. The newly formed company is set to debut on the Warsaw Stock Exchange (GPW) on April 17, 2026, marking a significant milestone in Creotech's strategic focus on advancing quantum technologies.

Relevance to Creotech S.A.: This development aligns with Creotech's business profile by emphasizing its commitment to quantum communication and computing systems, a key growth area supported by EU and ESA initiatives. The spin-off allows Creotech to streamline its operations and focus on its core competencies in space technologies and advanced electronics manufacturing.

Creotech Instruments S.A. Completes Corporate Restructuring with Capital Increase

Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies, quantum systems, and advanced electronics, has successfully completed a corporate restructuring process. On April 1, 2026, the District Court for the Capital City of Warsaw registered changes to the company's statute, following a resolution passed during the Extraordinary General Meeting on March 4, 2026. The restructuring involved the division of Creotech Instruments S.A., transferring part of its assets to a newly established entity, Creotech Quantum S.A., based in Warsaw.

As part of the restructuring, Creotech Quantum S.A. increased its share capital by PLN 285,434.70 through the issuance of 2,854,347 new Series B ordinary bearer shares, each with a nominal value of PLN 0.10. The total share capital of Creotech Quantum S.A. now stands at PLN 435,434.70, divided into 4,354,347 shares, including 1,500,000 Series A registered shares and 2,854,347 Series B bearer shares. The Series B shares were fully covered by the transferred assets from Creotech Instruments S.A.

The restructuring reflects Creotech's strategic focus on expanding its operations in quantum technologies and advanced electronics, aligning with its broader goals of innovation and growth in the high-tech sector.

Relevance to Creotech S.A.: This development is significant for Creotech Instruments S.A. as it highlights the company's strategic efforts to streamline its operations and focus on high-growth areas such as quantum technologies, which align with its core business profile and the broader European push for advancements in space and quantum systems.

European Space Agency Awards Satellite Contract to Competitor Over Creotech S.A.

The European Space Agency (ESA) has announced the results of a recent tender for a satellite development project, with the contract awarded to a competing firm that submitted the lowest bid. Creotech Instruments S.A., a leading Polish high-technology company specializing in space technologies, participated in the tender but was unsuccessful due to its higher bid compared to the winning competitor. The decision highlights the competitive nature of the space industry and the challenges faced by Creotech in securing large-scale contracts.

This development is particularly relevant to Creotech S.A. as it underscores the risks associated with dependency on a limited number of large contracts and the potential impact of losing such opportunities on the company’s financial performance and growth trajectory.

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.

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.