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MESSAGE _ENGLISH VERSION_
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Signing of a Memorandum of Understanding in the field of security
technology, border protection and dual-use solutions
The Management Board of MBF Group S.A., with its registered office in
Warsaw _"the Issuer", "the Company"_ announces that on 19 March 2026,
the Issuer entered into a Memorandum of Understanding _"MoU"_ with a
technology partner based in Tallinn _Estonia_, operating in conjunction
with an affiliated entity based in Kharkiv _Ukraine_ _collectively, the
"Partner"_. The Technology Partner's details have been anonymised due to
applicable confidentiality obligations and the protection of the
Parties' commercial interests.
The conclusion of the MoU constitutes the next stage of the cooperation
initiated by the Parties' signing of a non-disclosure agreement _NDA_ on
17 March 2026. The Issuer did not publish information regarding the
conclusion of the NDA because, at the time of its signing, the
Management Board did not consider this event to meet the criteria for
the publication of a current report. However, the NDA established a
formal framework for the exchange of technical, operational and
commercial information and enabled the development of directions for
further cooperation.
The subject of the MoU is to define the principles of further
cooperation between the Parties regarding the preparation, development,
integration, tendering, implementation and commercialisation of
technological solutions in the fields of security systems, border
protection, critical infrastructure protection, and specialist and
dual-use technologies. In particular, the cooperation concerns solutions
utilising remote control systems, distributed sensor and communication
networks of the RF Mesh type, seismic, acoustic, detection and warning
technologies, as well as electronic components, control modules,
actuators and accompanying software.
The conclusion of the consortium agreement will constitute a formal
requirement enabling the Parties to participate jointly in procedures
and consultations conducted by public institutions responsible for
national security, defence and border protection, in particular by the
Ministry of National Defence, the Armaments Agency, the Border Guard and
other relevant services, organisational units and entities responsible
for the protection of critical infrastructure and the internal security
of the state. This requirement stems both from the nature of the
projects and the formal rules governing participation in such
procedures. In view of the above, the Parties have expressed their
intention to conclude a separate consortium agreement, which will set
out the rules of cooperation, the division of operational roles and the
model for the preparation and submission of joint bids.
This cooperation forms part of the Issuer's business development by
practically combining its existing commercial and brokerage activities,
which have generated revenue in recent years, with the developing area
of technological and military projects. In the Management Board's view,
this cooperation may, in a relatively short time, lead to the expansion
of the Issuer's offering to include ready-made technological solutions
and enable the Company to enter the public procurement segment in the
security and defence sector.
The parties anticipate that the cooperation may also be extended to
foreign markets, including countries which in recent months have
withdrawn from the Ottawa Convention or completed procedures to exit
this legal regime, i.e. in particular Poland, Estonia, Latvia, Lithuania
and Finland. However, the potential development of export cooperation
will in each case depend on further agreements between the Parties,
applicable legal regulations, export control rules and the nature of the
solutions offered.
The MoU is of a framework nature and does not yet constitute a
commitment to execute specific contracts, nor does it specify, at this
stage, the detailed financial parameters of individual projects. At the
same time, the signed document forms the basis for further operational
activities, including the preparation of tender proposals, integration
work, discussions with public institutions, and the development of the
final structure of cooperation in the form of a consortium agreement.
The Issuer hereby informs that it will provide updates on the possible
conclusion of a consortium agreement and on the actual participation in
tender procedures or the submission of bids within the framework of
joint projects in separate current reports.
The Issuer's Management Board considered the information regarding the
conclusion of the MoU to be material due to its potential impact on the
further development of the Company's operations, particularly in the
area of security technologies and dual-use solutions, as well as the
possibility of expanding the Issuer's operations into new market
segments.
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RB_ASO: Zawarcie Memorandum of Understanding w obszarze technologii bezpieczeństwa, ochrony
granicy i rozwiązań dual-use
