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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"_, hereby announces that on 11 August
2026 it adopted Resolution No. MBF/ 2026/08/1 on the launch of a
research and development programme and preparations for the design,
construction and commercialisation of a new generation of unmanned
aerial systems under the working name 'IRYDA+ SPACE Z1' _'the
Programme', 'SPACE Z1'_. The resolution marks the Issuer's formal
commencement of organisational, conceptual and research and development
work relating to the next-generation system.
The decision to launch the Programme follows on from the successful
development of the X1 platform and the commencement of preparations for
its commercialisation, as well as the Issuer's ongoing activities
relating to the future organisation of UAV production in Poland, the
transfer of know-how, and the development of cooperation with domestic
and foreign technological, industrial and scientific partners.
The SPACE Z1 drone will constitute a separate development project from
the IRYDA+ X1. The X1 platform remains the base project intended for
further development and the preparation of a commercial offering, whilst
for the SPACE Z1 the Issuer intends to utilise the experience,
knowledge, test results and selected design and technological solutions
developed during the development of the X1. At the same time,
modifications and new solutions utilising space sector technologies have
been permitted. Decisions will result from further engineering work and
collaboration with companies, universities and research institutions.
The primary technological focus of IRYDA+ SPACE Z1 is to create a
platform in which the majority of the technological value will stem from
the integration of space-enabled solutions, artificial intelligence,
autonomy, secure communications and advanced mission management. The
scope of the analyses will cover, in particular, satellite and hybrid
BLOS communications and command _ control, encrypted telemetry and data
transmission, satellite terminals and infrastructure, the use of Earth
observation data and EO/IR systems, on-board information processing and
edge computing, AI algorithms supporting image analysis, object
recognition and classification, as well as mission planning and
modification, sensor fusion, GNSS-resilient navigation, Digital Twin
technologies, cybersecurity, and the capability to integrate with
ground-based, airborne, maritime, cloud-based and - where technically
and legally feasible - orbital communication and mission management
systems.
The above scope is indicative and relates to research and development.
As at the date of publication of this report, neither the final
configuration of SPACE Z1 nor its target technical parameters have been
determined, and the solutions indicated should not be regarded as
operational capabilities, mature technologies, certifications or
commercial readiness.
The programme will be conducted in a format open to participation by
companies, research institutes, universities, R_D centres, technology
suppliers and industrial partners from Poland and abroad, with
particular emphasis on Polish-Turkish cooperation. In the first
instance, invitations to participate will be extended to existing
consortium members and partners involved in the Issuer's projects
relating to UAVs, C-UAS and dual-use technologies. The opportunity to
participate in the Programme will also remain open to new entities
possessing the relevant expertise.
The Issuer intends, as a first step, to invite the Eugeniusz Kwiatkowski
Polish Industrial Lobby _PLP_ to participate in the work, taking into
account the existing cooperation, the PLP's expert capabilities in the
aerospace and defence industries, and the historical continuity of this
organisation's activities aimed at developing and maintaining Polish
aerospace capabilities. The Issuer also intends to capitalise on the
cooperation being developed between Warsaw and Konya, including the
opportunity to consult on selected issues with the relevant R_D units at
Necmettin Erbakan University in Konya, whilst ensuring the widest
possible use of the expertise of Polish universities, institutes and
enterprises, and supporting the transfer of know-how to Poland.
The Issuer has commenced discussions with selected Polish entities
possessing expertise in areas such as space technology, satellite
communications, optical systems, imaging and data processing. At this
stage, the Company is not disclosing the names of these entities due to
the preliminary nature of the discussions, the absence of any agreements
regarding their participation in the Programme, and the need to comply
with applicable confidentiality and compliance rules.
The Management Board has also decided to take into account the potential
requirements of SPACE Z1 in its ongoing analyses concerning the location
of production of the IRYDA+ family of systems in Poland. This implies
the possibility of extending the requirements currently being analysed
for the X1 to include, amongst other things, the future integration of
electronics, communication systems, space-enabled technologies,
optoelectronics, AI, software and research and testing facilities. It
remains the Issuer's intention, to the extent justified technologically,
economically and legally, to localise production, integration and
research and development capabilities in Poland as widely as possible.
The Issuer intends to use its presence at the MSPO 2026 International
Defence Industry Exhibition to launch SPACE Z1 as a development
direction for the IRYDA+ family and to hold discussions with potential
industrial, technological, scientific and institutional partners from
Poland and abroad.
The programme is at the initial stage and may require significant
financial outlay, the amount of which the Issuer is currently unable to
determine with any certainty. The Company has no guarantee that it will
secure adequate funding and partners, achieve the intended technical
results, or ensure future commercial success. Any material financial
commitment relating to its implementation will be subject to a separate
decision by the Issuer's competent body.
The Management Board considered the above information to be material for
the assessment of the Issuer's situation, given the launch of a new R_D
programme covering space -enabled technologies and AI, the potential for
a significant expansion of the Issuer's technological capabilities and
future product range, the Programme's potential significance for the
organisation of production and the transfer of know-how to Poland, and,
at the same time, the possibility of committing significant resources
and financial funds without any guarantee of achieving the intended
technological or commercial outcome.
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RB_ASO: Rozpoczęcie programu IRYDA+ SPACE Z1 w obszarze technologii UAV, space-enabled i AI
