Author: Scanway
Publication date:
Scanway S.A. is capitalizing on the growing demand for advanced optical instruments for the global New Space sector and expects its order backlog to continue to grow. The company notes that the growing number of constellation projects and inquiries regarding Data-as-a-Service and Space Situational Awareness (SSA) should translate into new contracts in future periods. Accordingly, Scanway plans to authorize the Management Board to increase the share capital within the authorized capital, and a revised draft resolution on this matter has been included on the agenda of the Annual General Meeting. This solution will increase the Company’s flexibility in terms of potentially securing financing to further scale its operations and respond more effectively to emerging market opportunities.
- Demand for Scanway’s advanced optical instruments is growing faster than projected in the Company’s 2026–2028 strategy, due in part to an increase in constellation projects and interest in the new Data-as-a-Service sector
- The company will develop a new generation of VHR (Very High Resolution) instruments and expand its technological expertise in adaptive optics solutions. This will enable it to enter a new, highly specialized market segment served by a small group of global suppliers of advanced instruments. optical instruments, where the value of a single instrument, according to the Company’s estimates, ranges from 5 to 20 million euros
- Scanway’s backlog (signed and ongoing contracts) as of May 28, 2026, amounted to 53.5 mln zł, and, including contracts awaiting formalization (which the Company has disclosed in stock exchange announcements), it exceeded PLN 120 million. At the same time, the Company currently has a pipeline of potential projects for the next 4 years valued at PLN 500–700 million [1]
- Shareholders will vote on the creation of authorized capital at the Annual General Meeting scheduled for June 29, 2026, and the proposed solution will increase the flexibility of financing the Company’s further development
[1] The value of inquiries, bids, and tender processes at various stages leading up to the conclusion of a contract. The final economic value will be recognized upon the signing of the contracts.
– We are about to hold a General Meeting, during which shareholders will vote on whether to authorize the Management Board to issue shares within the authorized capital. We view this solution as a tool that will help us increase Scanway’s flexibility in financing its further growth. We are seeing a clear increase in demand for our solutions, exceeding our projections when we published our strategy in September 2025. The number of constellation projects and requests for proposals from international customers confirms that the New Space market is scaling up and that the demand for advanced optical instruments is growing. Our backlog, including contracts awaiting formalization, has already exceeded 120 mln zł, and the identified pipeline is several times higher; therefore, we want to be able to conduct an efficient capital-raising process should market opportunities arise that require a faster scaling up of our operations – comments Jędrzej Kowalewski, CEO of Scanway S.A.
Scanway’s strategy for 2026–2028 called for systematic growth in its order portfolio; however, demand for the Company’s products and services is growing faster than anticipated. Scanway’s backlog, including contracts awaiting formalization, has exceeded PLN 120 million. At the same time, the Company is observing growing interest in Data-as-a-Service and Space Situational Awareness (SSA), which were still in the early stages of commercialization at the time the Strategy was announced. In Scanway’s assessment, further growth of the order portfolio may require greater flexibility in securing financing for continued development, particularly in areas related to scaling production and operational infrastructure and the parallel execution of a larger number of projects.
Authorized capital is a mechanism that allows the Management Board to increase the company’s share capital within the limits set by the General Meeting. In Scanway’s case, the proposed mechanism is intended to ensure operational flexibility should justified additional financial needs arise in connection with the further development of the business. The company wants to ensure that it can respond more quickly (in terms of securing financing) to market opportunities without having to initiate the full procedure for convening a General Meeting each time.
– Our priority remains the efficient execution of our current order portfolio and preparing the organization to handle a greater number of projects running concurrently. In recent quarters, we have increased our production and operational capacity, including by expanding our laboratory facilities and clean room, as well as growing our team. This is crucial for projects of increasing complexity, where not only securing new contracts but also the ability to deliver them on time and scale production in a repeatable model while maintaining the highest quality standards is becoming increasingly important. This is the direction that will pave the way for us to become one of the largest optical payload integrators in Europe by the end of 2028. – explains Jędrzej Kowalewski.
Accelerating the transition to becoming a mass-production supplier of optical payloads for the global New Space sector remains one of Scanway’s key development priorities. The company aims to increase the scale of its deliveries to constellation customers, develop the next generations of VHR (Very High Resolution) optical instruments—including those capable of imaging at a resolution of 50 cm/pixel from LEO (Low Earth Orbit; resolution to be achieved after 2028), and strengthen its technological expertise in adaptive optics solutions. This is confirmed by the growing share of international projects—in 2025, exports of space technologies accounted for 88% of the Space segment’s revenue, with solutions delivered to customers in Asia, the U.S., and Europe.
Scanway is increasingly integrating hardware development with software and data analytics—areas it has been developing for a decade, particularly in the industrial sector. An example of these capabilities is HYDRA, a proprietary solution used in the field of vision data processing. This direction supports the Company’s goal of covering the entire optical data value chain—from acquisition, through processing and analysis, to event prediction—in accordance with the APAP model. Through this, the Company aims to provide customers not only with instruments and imagery, but also with ready-to-use information to support decision-making processes.
One example of this direction is a contract signed in the first quarter of 2026 with a U.S. client to develop and deliver a new class of optical instruments for Earth observation for a satellite constellation currently under construction. Its estimated value could reach approximately $4.3 million for the first optical instrument, and the project also includes the possibility of commercializing satellite data under a Data-as-a-Service model. In subsequent periods, the order portfolio may also be bolstered by other projects, including, among others, a second instrument for Intuitive Machines and subsequent phases of the Mani lunar project.
About Scanway:
Scanway S.A. is a Polish company that has been in business for 10 years. It specializes in the optical data chain, which includes data acquisition, processing, analytics, and event prediction based on that data. In the Space segment, it provides both hardware solutions (optical instruments, such as telescopes and cameras) and imaging analytics. In the Industry segment, it offers solutions (products) based on image data processing, including complete quality control systems. The Company’s expertise and experience in both fields are complementary and create synergies. Scanway strives to provide its customers with full access to key optical data in both segments.
As one of a dozen or so companies worldwide, Scanway has developed a complete line of optoelectronic products for Earth observation from orbit. The company carries out key contracts for space equipment in Poland and around the world, including for commercial clients. It operates STAR VIBE, Poland’s longest-operating optical observation satellite. The company’s solutions have been incorporated into the most important European and Polish space missions of 2024: among other achievements, the company deployed its equipment (Scanway Camera System) on the maiden flight of Europe’s newest launch vehicle, Ariane 6, and supplied Poland’s largest-ever telescope, weighing approximately 10 kg (SOP200), to EagleEye.
The company has completed nearly 50 quality control implementations in the industrial sector. As a technology partner to the sector’s largest manufacturers, it develops proprietary software solutions using AI and advanced applications for Industry 4.0.
On March 27, 2026, the company made its debut on the Main Market of the Warsaw Stock Exchange. For more information: https://scanway.pl/
Additional information:
Katarzyna Żądło
Chief Communication & Investor Relations Officer
Scanway S.A.
+48 661 601 402
k.zadlo@scanway.pl
Mardoniusz Maćkowiak
Investor Relations Manager
cc group
+48 605 959 539
mardoniusz.mackowiak@ccgroup.pl
Franciszek Szukała
Financial Communication Manager
cc group
+48 664 920 048
franciszek.szukala@ccgroup.pl