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MESSAGE _ENGLISH VERSION_
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The Management Board of MBF Group S.A., with its registered office in
Warsaw _"the Issuer", "the Company"_, announces that on 20 March 2026,
the Issuer entered into a consortium agreement for technological
cooperation, joint bidding and the commercialisation of solutions in the
field of security and dual-use technologies _"Agreement"_ with a foreign
technology partner based in Tallinn _Estonia_, operating in conjunction
with an affiliated entity based in Kharkiv _Ukraine_ _collectively, the
"Technology 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
Agreement constitutes a continuation of the cooperation initiated by the
Parties' signing of a Non-Disclosure Agreement _NDA_ and a Memorandum of
Understanding _MoU_, as reported by the Issuer in Current Report No.
14/2026 of 19 March 2026.
The subject matter of the Agreement is to define the rules of
cooperation within the consortium regarding the joint preparation of
tenders, implementation and commercialisation of completed projects and
solutions in the field of security technology, including solutions
serving, amongst other things: battlefield security, border security,
critical infrastructure protection, detection systems and dual-use
technologies.
In accordance with the provisions of the Agreement, the parties shall
cooperate in the preparation of tenders and the implementation of
projects, with MBF Group being responsible for organisational and
regulatory activities on the Polish side, and the Technology Partner for
the technological aspects within the scope agreed upon by the parties on
a case-by-case basis. The primary objective of establishing the
consortium is to enable joint bidding for public contracts and
participation in tender procedures requiring the involvement of an
entity based in the Republic of Poland, whilst utilising the Technology
Partner's advanced technological expertise.
The Technology Partner possesses extensive technological and
manufacturing facilities, including, amongst other things, its own
electronics assembly lines and the capacity to scale up production.
According to the information provided to the Issuer, the solutions
covered by the cooperation have reached a technological maturity level
of at least TRL7 and have been implemented and are being used in
operational conditions, including as part of operations conducted by the
armed forces of a country involved in an armed conflict. The Technology
Partner supplies electronic components used in operational systems,
which confirms its production capabilities and practical implementation
experience _over 35,000 units of initiation electronics_.
The solutions developed as part of the cooperation include, amongst
others, sensor, communication and autonomous systems, enabling remote
management of distributed security infrastructure based on encrypted
communication networks, without the need to use external infrastructure.
These technologies are used both in the civilian sector _protection of
critical infrastructure, border monitoring_ and in specialist
applications.
At the same time, the Issuer notes that the development and
commercialisation of such solutions are in line with current
geopolitical conditions and the changing approach of some states towards
the restrictions arising from the Ottawa Convention. Recently, certain
countries have taken steps to revise or withdraw from its provisions,
resulting in the need for rapid rebuilding or modernisation of defence
capabilities. In the Management Board's view, this may create
significant demand potential for technological solutions available at
short notice, particularly those that have already been operationally
tested and have proven production capabilities.
In this context, the Issuer notes that, unlike projects at the
technological development stage, the solutions being developed in
cooperation with the Technology Partner are, to a significant extent,
ready-made products that have been operationally tested and are prepared
for implementation and commercialisation. This means they can be brought
to market relatively quickly, without the need for the many years of
research and development typical of new weapon systems. In the
Management Board's view, in the context of dynamic geopolitical changes
and the rebuilding of defence capabilities by certain countries, access
to proven solutions that can be offered and delivered at short notice
constitutes a significant competitive advantage. The conclusion of the
Agreement enables the consortium members to participate directly in the
tendering process and the potential sale of these solutions. In the
Management Board's view, this may result in a shorter commercialisation
pathway compared to standard technology projects.
The Issuer hereby announces that the Parties are immediately commencing
the preparation of a bid as part of one of the tender procedures
relating to the area covered by the cooperation. Should a bid be
submitted, the Issuer will provide relevant information in a separate
current report, to the extent permitted by applicable confidentiality
obligations, including those arising from the concluded NDA, and taking
into account the legitimate legal and economic interests of the Parties.
This cooperation constitutes a practical extension of the Issuer's
existing business model, combining the commercial and brokerage
activities it has been conducting for many years, which generate
revenue, with the developing segment of technology projects and
solutions for the security sector. In the Management Board's view, this
may enable the relatively rapid introduction of ready-made technological
products into the Company's offering and open up access to the public
procurement segment in the field of defence and infrastructure
protection.
The Issuer's Management Board has classified the information regarding
the conclusion of the Agreement as confidential due to its potential
significance for the development of the Company's operations,
particularly in the context of the possibility of participating in
projects carried out on the domestic market and foreign markets.
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RB_ASO: Zawarcie umowy konsorcjum w obszarze bezpieczeństwa pola walki, zabezpieczania granic
i rozwiązań dual-use
