Current report number 17/2024 of May 15, 2024
Management Board of VIGO Photonics S.A. (“Company”, “Issuer”) informs that today it has received information about the signing of an agreement by the National Center for Research and Development with the Company for co-financing the Issuer’s project entitled: “HyperPIC

– R&D phases (2023-2027). The value of eligible costs in the R&D phase is PLN 146,366,042.37
– FID (First Industrial Deployment) phase, i.e. the first industrial implementation (2024- 2029), including investments in a new production line and implementation of new products into production, including financing of part of the operating costs during implementation. The value of eligible costs in the FID phase is PLN 706,751,520.98.

After the end of the FID phase, it is planned to start serial production (after 2029), which does not include public funding for the project. The Company’s Management Board anticipates that the eligible costs of the project, above the value of funding from public funds, will be covered from the Company’s funds and equity, from debt financing and/or, in particular in the FID phase, from other sources, such as, among others, strategic project partnership and/or off- balance sheet financing in the project finance formula.
Article 17 section 1 MAR – confidential information.