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MESSAGE _ENGLISH VERSION_
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Subject: Conclusion of an agreement with a partner from Italy providing
for minimum guaranteed annual revenue of PLN 381 thousand
Current Report No: 22/2026
Date: June 1, 2026
Legal basis: Article 17_1_ of the MAR Regulation - inside information
Medicalgorithmics S.A. with its registered office in Warsaw _the
"Company"; The "Issuer"_ informs that on 30 May 2026, the Company
entered into an agreement with the Italian company Accyourate Group
S.p.A _"Partner"_, one of the European leaders in wearable healthcare
_the "Agreement"_.
The Agreement sets out the terms of cooperation between the parties in
the provision by the Company of services to the Partner based on the
Company's heart rhythm analysis technology - namely the DeepRhythm
Platform _DRP_ cloud software and the DeepRhythmAI _DRAI_ algorithms,
including through integration with the Partner's software. The value of
the remuneration _denominated in EUR_ payable by the Partner to the
Company for the services provided will depend on the number of ECG
sessions analyzed using the Company's software in a given month, at an
agreed per-session rate depending on the duration of the examination,
with a guaranteed minimum monthly fee _in EUR_. Session fees will become
payable after completion of the integration work enabling the Partner to
commercially provide services based on the Company's software. In
addition, the Partner will pay a one-time implementation fee, payable
within 7 days from the date on which the Agreement enters into force
_i.e. 1 June 2026_, and - optionally - remuneration for ECG data
analysis services performed by a technician, at a rate depending on the
duration of the examination _payable per report_.
The contractually guaranteed minimum monthly remuneration of the Company
for diagnostic examinations performed by the Partner will amount to 31.7
thousand PLN _7.5 thousand EUR_. Assuming the provision of services for
twelve consecutive months, the minimum guaranteed annual revenue under
the contract will amount to 381 thousand PLN.
The Agreement has been concluded for an indefinite term, with the
possibility for either party to terminate it subject to six months'
notice. The Agreement also provides for immediate termination in the
event of a material breach by either party, following a prior
ineffective request to remedy the breach. The Agreement is governed by
Italian law and contains standard provisions regarding representations
and warranties, confidentiality, and indemnification, in line with
industry standards. The Agreement excludes each Party's liability for
any indirect, incidental, consequential or special damages, including
loss of profits, loss of revenue, loss of business, loss of data or
business interruption; this exclusion does not apply to certain
situations, including fraud, willful misconduct or gross negligence,
breaches of confidentiality obligations, and infringement or
misappropriation of the other Party's intellectual property rights.
The values in EUR indicated in this report have been converted into PLN
at the exchange rate of 4.2322 PLN/EUR.
In the opinion of the Company's Management Board, the conclusion of the
Agreement is another important step in the implementation of the
Company's strategy, presented in current report No. 16/2023 of 19 June
2023, which aims to significantly increase the Company's revenues and
profitability and lead to the generation of positive cash flows. The
agreement with the Partner will allow the Company to develop in a new
and promising segment of the smart textiles market.
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RB: Zawarcie umowy z partnerem z Włoch o minimalnych gwarantowanych przychodach rocznych
381 tys. PLN
