Gloster wins EUR 15 million industrial software development contract from BMW

Extraordinary information

A Gloster Infocommunication Public Limited Company (company registration number: 13-10-042012; registered office: 2142 Nagytarcsa, Csonka János utca 1/A A/2. ép.; hereinafter referred to as the Company, Gloster) is the owner of the relevant legislation, in particular the Capital Market Act CXX of 2001.

Law ("Tpt.") and the General Business Rules of the Budapest Stock Exchange, the the following information to the Honoured Investors.

Gloster wins EUR 15 million industrial software development contract from BMW

A proprietary artificial intelligence software for efficient performance developed by the company's engineers

A Gloster-Minero Hungary Kft. is the Munich-based BMW's partner in the international multi-round international procurement tender and won the tender with a value in HUF of approximately 5.8 billion forints, a preliminary contract for software development was signed. today. The project, which will run until 2029, will be carried out by Gloster-Minero's own, with its own team of trained specialists to further develop the world's leading global production management system that operates around the clock on 3 continents. The assignment no new recruitment is required to complete the assignment, which will be carried out by Gloster from its own existing internal resources, with no need for further subcontracting subcontractor. It is agreed that until the end of the assignment, the fee will be paid three times upwards by inflation in EUR.

The project was delivered at a higher price

A a long-standing and stable automotive supplier Gloster value-added is demonstrated by the fact that it has previously performed for the same customer, the same size and length of project - this development was at a price 25% higher than the same size and size of this project. The software to be developed (Demand Calculation Services) was to be used for BMW's global production processes. of the manufacturer's global global production and its continuous operation is essential for the global supply chain and significant resources are devoted to its continuous improvement. The importance of the project is increased by the fact that it requires specialised knowledge of the automotive industry software development services, Gloster will be able to offer a full range of services in Szeged, Budapest and development centres in Budapest, Budapest and Kecskemét, following a DevOps methodology 7/24, professional software and infrastructure management service for BMW. The entire product development lifecycle is agile product lifecycle is implemented in an agile methodology using the most modern elements available. A Gloster will execute the assignment according to the highest German industry standards, which is based on the special automotive-industry-renowned TISAX certification in the automotive industry.

Secure internal artificial intelligence used for efficiency to increase efficiency

A the professionalism and profitability of the project will be significantly enhanced by Gloster innovative, self-learning - still in the experimental phase - artificial intelligence-based resource estimation solution, which will enable the expected to improve the cost per subtask by up to 30%. resource estimation for each individual task, thus allowing more efficient optimisation of development resources throughout the project. The innovative solution artificial intelligence will suggest to the developer - in contrast to previous previous tasks - which software components need to be developed / and how to do it in the shortest possible time. The new tool in addition to refining the estimates, it can be used to create test and document skeletons based on templates and templates, thereby reducing the overall development time spent on tasks. The proprietary solution is fully secure, running exclusively on Gloster's internal network 100% isolated from the Internet and other project data client data is never exposed to the public at any time network. Following successful testing, it is planned to deploy the solution in a from a global software trading platform (Atlassian Store) in a few months. Gloster team will develop it into a private label product that can be purchased with just a few clicks.

The strategy is being implemented

A This move is in line with the Gloster LEVEL UP programme (27.11.2023), in which the Company management of the Company in the efficiency improvements, Gloster has decided to allocate significant resources to the (See details in Gloster's Investor Presentation, 23.04.2024). announced on 30 November 2023 that it had received an order for more than one billion forints from Sony Music, On 7 June 2022, a development contract for a total amount of EUR 600 thousand was signed. 600 million contract with the German AUDI.

A Gloster shares are followed by two investment providers, with Equilor's 12-month target price of 1396 Ft (hold recommendation), while ERSTE has a target price of 1183 Ft (buy recommendation).

Investors Meetup

A Gloster is hosting an in-person Investor Meetup today from 14:00-17:00 where all interested parties are welcome to attend.

A Investor Meetup venue:

1088 Budapest, Múzeum utca 9. Harmónia Palace, Bókay Ceremonial Hall

From Viktor Szekeres, founder and Chairman of the Board of Directors of the Society, "The Gloster's growth story: what investors can expect until 2026" 2026, followed by a panel discussion with executives from Gloster's subsidiaries internal process integration and international sales development will share their experiences and ideas on practical issues of integration and internationalisation and ideas with the participants. At the end of the programme, András Nagy, Head of Erste Investment Zrt. will present the Gloster story through the eyes of an analyst at the He will present the Gloster story from an analyst's point of view.  

A Details of the Programme and how to register available on this page.

About Gloster

Gloster on BSE listed in the standard category of the BSE, offering a wide range of international IT international IT service provider. In its more than 20-year history, Gloster has grown from a hardware garage company to a software to a software-focused international medium-sized company. Gloster is a fast-growing eleven transactions since 2018, and has grown to expanded its activities in systems integration, cloud solutions and and international software development services. The group is currently currently has a team of nearly 350 people, with the most recent (Hungarian Accounting Standards 2023 consolidated financial statements (according to Hungarian accounting standards), its adjusted turnover is 10.3 billion HUF and adjusted EBITDA of HUF 976 million.

Nagytarcsa, 19 June 2024.

Gloster Infocommunications Plc.