Creotech Instruments SA
GGPW:CRI830.00
PLN
-23.00
(-2.70%)
Creotech Instruments SA
GPW:CRI
(Warsaw Stock Exchange)
Recent
price
830.00
P/E
ratio
301.61
div
yld
- -
ROIC.AI
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- Business
- Creotech Instruments S.A. (WSE: CRI) manufactures satellite systems and components, advanced electronics for quantum computer control systems, and unmanned aerial systems for drone operations management; the company designs, builds, and integrates space systems including the proprietary HyperSat microsatellite platform supporting missions from observation and communication to scientific research and deep space projects up to 60 kg and potentially 200 kg; it supplies control and measurement systems to research institutions such as the European Space Agency (ESA), CERN, GSI, and DESY; offers advanced geospatial data processing services and operational support using drones with modular solutions for air traffic safety, ADS-B/MLAT monitoring, real-time 3D visualization, portable field systems, and drone-mounted tracking; provides comprehensive electronic device assembly services certified by ESA for aerospace, automotive, and medical industries; and develops quantum technologies encompassing quantum key distribution (QKD) systems for terrestrial and space applications, quantum processor control systems, White Rabbit ultra-precise time synchronization, and high-speed scientific cameras. Founded in 2012 and headquartered in Piaseczno near Warsaw, Poland, Creotech Instruments operates primarily in Europe with global exports and delivers to prestigious clients including ESA, targeting space agencies, research institutes, defense entities, mobile operators, and technology startups. Recent developments include the December 2024 contract with Poland's State Treasury – Armament Agency for the PLN 556.7m Mikroglob Earth observation system involving four HyperSat-based microsatellites for military reconnaissance, completion targeted by March 2027; the February 2025 Series K share offering raising PLN 76m to fund Mikroglob; April 2025 announcement to spin off its quantum division into a separate public company by early 2026 to accelerate commercialization, preserve SME status for grants, and focus the parent on satellites; acquisition of the PLN 675m Camilla project alongside Mikroglob; contracts with ESA for six radiation-resistant probes in the Plasma Observatory mission, Moon resource mapping via the Twardowski project, in-orbit satellite refueling with OHB System, and mmWave 5G NTN integration components; addition to the sWIG80 index in February 2024; and launch of the EagleEye test microsatellite in 2024.