News

Scanway, a Polish technology company that develops optical systems for the industrial and aerospace sectors, has received an order to implement vision systems for inspecting protein casings at Fabios’s production facility in Małopolska. For this project, Scanway will utilize the Hydra system, which it has been developing over the past few quarters—a modular vision system that includes, among other components, proprietary software based on artificial intelligence (machine learning) algorithms.

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Scanway S.A. — a technology company in the space sector (New Space) — plans to file a prospectus with the Polish Financial Supervision Authority (KNF) by the end of the first half of 2025 and make its debut on the Warsaw Stock Exchange (GPW) this year. According to official data, in 2024 it ranked among the top companies with the highest share of trading volume among NewConnect investors, and in the last quarter it ranked 7th out of 359 listed companies. Scanway S.A. has been actively supporting the development of the space economy for many years, and today it is already creating groundbreaking technologies. This year, the company will deliver its telescope for a lunar exploration mission, marking a landmark event for the entire Polish space sector.

Scanway, a leading Polish technology company in the New Space sector, will support projects under the Small Lunar Missions program launched by the European Space Agency (ESA). A total of 62 projects were submitted to the program, and 7 of them qualified for the preliminary Phase A. Scanway is a consortium partner in two of these projects: Mani and LUMI. Work on the lunar missions is scheduled to begin in December 2024, and the Mani project has just launched. This is another step by Scanway aimed at expanding its product portfolio with solutions that go beyond the Earth Observation (EO) domain and at participating in the growing lunar economy.

Scanway is launching a partnership with the American company Intuitive Machines. As part of the order received yesterday, the Polish company will supply an optical instrument for mapping the Moon’s surface. The mission featuring the Scanway telescope is scheduled to launch by the end of 2025. This is the first commercial order in the history of the Polish space sector in which a Polish company will supply an optical instrument for a lunar exploration mission. Intuitive Machines is a U.S. company listed on NASDAQ with a market capitalization of approximately $1.9 billion (as of December 19, 2024).

Scanway, a Polish technology company in the New Space sector, has signed a contract with South Korea’s Nara Space Technology under which it will supply another optical instrument for Earth observation in the form of two telescopes designed to detect methane. The new contract, worth 0.7 mln EUR, expands the existing cooperation with the South Korean partner, which began with an agreement earlier this year and a first contract on May 13 of this year worth 1.7 mln EUR.

Lunar exploration is becoming one of the most important areas of development for the global space industry.

For the first three quarters of this year, Scanway reported total revenue of 8.43 mln zł, up 73% from the same period last year. The Company’s order backlog as of November 12 of this year stands at PLN 16.45 million, more than five times higher than the PLN 2.9 million recorded on December 31, 2023. Progress on constellation projects with Nara Space of South Korea and Marble Imaging of Germany points to a strong revenue-driven finish to the year. Additionally, the success of the October funding round—which raised PLN 3.5 million gross amid investor demand that significantly exceeded the offering size—enables the Company to pursue new investment initiatives aimed at business growth.

The agreement signed on November 8 with Flytronic (a member of the WB GROUP)—a leading Polish manufacturer of unmanned platforms—formalizes a previous letter of intent signed in August. As part of the collaboration, Scanway will develop components for the observation payload. Alongside the PIAST space project and the cooperation agreement with ICEYE, this is another key step in building Scanway’s position in the large and promising defense market.