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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 Company", "the Issuer"_ announces that on 2 June 2026 it
entered into a consortium and project cooperation agreement with a
limited liability company _LLC_ based in Kyiv, Ukraine, operating in the
defence technology and unmanned systems sector. In accordance with the
provisions of the agreement, the details identifying the technology
partner and the detailed technical specifications of the technologies
being developed are subject to confidentiality obligations.
The subject of the agreement is to establish formal rules of cooperation
between the parties in connection with the preparation, submission and
implementation of a joint application for the "Sentinel Strike
Challenge" programme run by the European Defence Agency _EDA_ as part of
the Hub for European Defence Innovation _HEDI_, as well as the creation
of a framework for further cooperation on projects related to the
defence sector, loitering munitions and programmes funded by European
Union and NATO institutions.
Under the agreement, the Issuer has been designated as the Lead
Applicant and the entity responsible for coordinating the application
process and representing the project vis--vis the EDA. The technology
partner is responsible for providing the technology, technical
documentation and substantive support required for the project's
qualification process. The agreement also governs the rules on the
protection of confidential information, intellectual property, the
representation of the project before European institutions, and the
possibility of jointly applying for grants, funding, research and
development projects, and other programmes supporting the development of
defence and dual-use technologies.
The current project concerns an advanced unmanned VTOL _Vertical
Take-Off and Landing_ loitering munition system, designed for
reconnaissance missions and precision engagement of targets on the
modern battlefield. The solution includes, amongst other things,
autonomous flight functions, advanced navigation and communication
systems, and the ability to operate in conditions of electromagnetic
interference. The project is currently at Technology Readiness Level
_TRL_ 8, which signifies the completion of essential development work
and the conduct of system testing and validation under conditions
similar to operational ones.
The Issuer's Management Board notes that the Sentinel Strike Challenge
programme forms part of a broader ecosystem of European programmes
supporting the development of defence technologies. The current
competition provides for a two-stage support pathway involving the
funding of projects with a total budget of approximately EUR 2 million,
including approximately EUR 200,000 in the first stage and up to
approximately EUR 1.8 million in the second stage for projects selected
for further work. The parties are working intensively on preparing the
complete application documentation required by the EDA. The deadline for
submitting applications under the Sentinel Strike Challenge programme is
4 June 2026.
Should the project receive a positive assessment and proceed to the next
stages of technology development, the Parties' further cooperation will
focus on the European Defence Fund _EDF_ and the NATO Defence Innovation
Accelerator for the North Atlantic _DIANA_ programmes. The EDF has a
budget of approximately 8 billion for the period 2021-2027, with the
value of individual projects funded under it often ranging from several
to tens of millions of euros. NATO DIANA, on the other hand, supports
the development of breakthrough dual-use technologies, with funding for
individual projects typically ranging from several hundred thousand to
several million euros. The Issuer emphasises that, as at the date of
publication of this report, no decision has been made regarding the
award of funding, and participation in future programmes will depend on
the outcome of the project evaluation process and the fulfilment of the
requirements specific to each initiative.
In the opinion of the Issuer's Management Board, the conclusion of the
agreement in question constitutes a significant step in the
implementation of MBF Group S.A.'s business development strategy in the
defence technology sector and enables the Company's formal participation
in the application process conducted by the European Defence Agency. The
Management Board has classified the information regarding the conclusion
of the agreement as confidential within the meaning of Article 7 of the
MAR Regulation, given the potential impact of the project on the
Issuer's future operational, organisational and economic situation.
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RB_ASO: Zawarcie umowy konsorcjum dotyczącej udziału w programie Europejskiej Agencji Obrony
(EDA) w ramach inicjatywy HEDI
