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2024/09/30

Extraordinary information - Gloster wins contract for a 10,000-user complex systems integration project

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Extraordinary information - Gloster wins contract for a 10,000-user complex systems integration project

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) in accordance with the relevant legislation, including in particular Act CXX of 2001 on the Capital Market ("Act") and the Budapest Stock Exchange the General Business Rules of the Budapest Stock Exchange, hereby informs the Investors.

Complex systems integration project with 10 thousand users for a project project for a large-scale

A Gloster has completed a major investment of HUF 780 million in IT systems integration from a market customer. During the project, the Company received 46 kilometres of IT network, on which 1060 active devices will be installed, and complex system integration services. According to the agreement The contract is expected to be completed by the end of next year. Gloster is thus the largest systems integration project in its history.

A system serving 10,000 users, Gloster has not only but also provides complex system integration. The project project is self-financed and Gloster will not use any additional external funding for its implementation. In order to meet the deadlines, Gloster will provide an efficient and internal project management team, who are responsible for all the details of the project. coordinating the work to the last detail. To ensure the successful completion of the project, the Company will pays particular attention to quality assurance and customer satisfaction.

A For Gloster, this contract is not only financially significant, but also reputation and professional recognition of the Company. The successful completion of such large-scale projects will help to strengthen the Gloster further strengthens its position in the market and demonstrates its capabilities in the complex systems integration tasks.

Recent high-value mandates disclosures

2024.06.19 EUR 15 million industrial Gloster wins software development contract from BMW EUR 15 000 000
2024.07.02 More than 700 thousand euros worth Gloster wins software development contract from German Audi   EUR 700 000
2024.09.12. Major development contract won for Gloster (Sony Music)  USD 7 000 000
2024.09.18 Significant cloud business added to the Gloster    EUR 600 000

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 an international medium-sized company with a software focus. 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 with a team of nearly 350 people, its audited consolidated accounts for 2023 with revenues of HUF 10.3 billion and adjusted EBITDA of HUF 976 million, Profit after tax of HUF 414 million.

Nagytarcsa, 30 September 2024.

Gloster Infocommunications Plc.

More information:

dr. Adrienn Karlovich-Szabó

Investors relations officer

karlovich.szabo.adrienn@gloster.hu

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Extraordinary information - Gloster wins contract for a 10,000-user complex systems integration project