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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 4 May 2026 it
entered into an operational agreement with its technology partner, Shark
Aviation Danmanlk Sanayi ve Ticaret Ltd. ti., based in Seluklu
_Konya, Republic of Turkey_, governing the terms for the completion of
the project involving the development, testing, demonstrations and
preparation for commercialisation of the IRYDA+ X1 system _"Agreement"_.
The conclusion of the Agreement marks the formal transition of the
IRYDA+ X1 project from the stage of consultations and preparatory work
to the operational and commercial phase, comprising the implementation
of testing and demonstration activities and the preparation of the
system for market roll-out. The adopted project structure and
implementation schedule constitute a direct continuation of the
activities communicated in ESPI's current report No. 28/2026 dated 4 May
2026 and confirm the progress of technological and organisational work.
As part of the project, it is planned to prepare and utilise a total of
up to 15 unmanned aerial vehicles _UAVs_, which will be owned by the
Issuer and will be used for demonstration activities and operational
tests. This signifies the Issuer's actual acquisition of an operational
unmanned system, rather than merely participating in its development
In accordance with the agreement, the project is being implemented in a
phased model comprising three main phases: a technological demonstration
phase to be carried out in the Republic of Turkey, a phase of extended
testing and system optimisation, and a market demonstration phase
planned for the Republic of Poland. The individual stages involve
activities related to the preparation of demonstration platforms, the
conduct of operational tests, the preparation of documentation, and the
presentation of the system to potential customers, including
institutions responsible for critical infrastructure, public sector
entities, and uniformed services.
The Company's Management Board notes that the project has defined
milestones, including in particular achieving the readiness of the
IRYDA+ X1 system for demonstration, preparing documentation on its
operation, conducting a technological demonstration under operational
conditions in Turkey, carrying out further testing and optimisation of
the system, and conducting market demonstrations in Poland. According to
the agreed schedule, the first demonstration phase may be completed
within approximately one month of the start of operational activities,
whilst the next demonstration phase is planned for the following month,
which means that a full demonstration cycle can be carried out within a
short timeframe.
The Issuer notes that, in accordance with the agreed schedule, a
presentation of the fully functional IRYDA+ X1 system under operational
conditions within the territory of the Republic of Turkey is planned by
the end of June 2026, whilst a presentation of the system within the
territory of the Republic of Poland, also including a demonstration of
the system's operational capabilities _including target neutralisation_,
is planned by the end of August 2026. In the Issuer's assessment, the
current level of development of the system allows it to be offered to
potential customers in parallel with the further development of the
technology.
At the same time, the Company emphasises that some of the indicated
milestones are at an advanced stage of implementation, which stems from
the system's level of technological maturity and the work carried out to
date by the technology partner, including, amongst other things, flight
tests, tests of control systems and operational functions, including the
ability to perform tasks in autonomous mode and within a swarm .
The Issuer's Management Board further notes that, in connection with the
project's transition to the operational phase, it is commencing
activities aimed at establishing direct relations with potential
customers of the system, including consultations with public
institutions and services regarding the organisation of system
presentations, its potential applications, and the preparation of a
commercial offer, which also encompasses the development of the target
IRYDA+ project.
In accordance with the adopted project implementation model, the
preparation and use of unmanned platforms intended for demonstration and
testing is envisaged, which includes both demonstration units used at
individual stages of the project, as well as platforms intended for
operational testing and system validation. This approach stems from the
specific nature of projects in the field of unmanned systems and the
need to ensure the continuity of testing and demonstration work.
In accordance with the provisions of the agreement, the maximum
remuneration for the technology partner for the implementation of the
project has been set at a total of no more than USD 75,000, of which up
to USD 40,000 is allocated to the technology demonstration phase carried
out in Turkey and up to USD 35,000 to the market demonstration phase
carried out in Poland. Payments are made on a phased basis, linked to
the achievement of specific milestones, with each phase divided into
payment instalments corresponding to the progress of the work. The
Issuer emphasises that the project is not a traditional research and
development project, but is based on technological solutions that have
reached a stage enabling their rapid implementation and market
demonstration.
Under the adopted cooperation model, the parties have clearly divided
their responsibilities, whereby the technology partner is responsible
for the development, testing and delivery of technical solutions,
including software, system architecture and the integration of unmanned
systems, whilst the Issuer carries out activities related to the
commercialisation of the project, market communication, investor
relations and financing the subsequent stages of the system's
development, including platform expansion and functionality
enhancements. The Management Board also notes that one of the key
elements of its role in the project is the internationalisation of the
IRYDA+ X1 system and the use of concluded and negotiated agreements to
enter foreign markets.
The Issuer notes that the IRYDA+ X1 system is a dual-use solution,
characterised by a modular architecture, the ability to operate both as
individual units and within a swarm structure, and the capacity to adapt
rapidly to various operational scenarios. The current stage of
development of the system allows for its demonstration and potential use
in commercial operations in parallel with further technological
development.
The Issuer's Management Board has deemed the above information to be
confidential due to its significance for the further development of the
IRYDA+ and IRYDA+ X1 projects, its impact on the Issuer's operational
situation, and its potential significance for investors' assessment of
the Issuer's growth prospects.
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RB_ASO: Zawarcie umowy operacyjnej z Shark Aviation oraz określenie planu finalizacji i komercjalizacji
projektu IRYDA+ X1
