Insider Brief
- Creotech Instruments will spin off its quantum division into a separate company by early 2026 to accelerate commercialization and attract dedicated funding.
- The new entity will focus on quantum key distribution, quantum processor control systems, ultra-precise time synchronization (White Rabbit), and advanced scientific cameras.
- The spin-off aims to maintain SME status for grant eligibility and capitalize on growing interest in quantum technologies from investors and research institutions.
PRESS RELEASE — Creotech Instruments S.A., the largest Polish producer of satellites and satellite systems listed on the Warsaw Stock Exchange, has announced plans to split into two independent companies. On April 16, 2025, the company’s management board approved the start of a process to carve out its quantum division into a separate legal entity. The new company will be led by Dr. Anna Kamińska, currently Director of the Quantum Systems Division at Creotech.
The purpose of the split is to accelerate the commercialization of quantum technologies and unlock opportunities to secure external funding—particularly grants available to small and medium-sized enterprises (SMEs), which may soon become inaccessible to Creotech due to its rapid growth. The management aims to complete the process by the turn of 2025 and 2026.
“The dynamic development of Creotech Instruments and the acquisition of two strategic space projects—Mikroglob and Camilla—worth a total of PLN 675 million, have brought us to the point where formally separating our two key business segments makes strategic sense,” said Dr. Grzegorz Brona, President of the Management Board. “This decision is a catalyst for future growth. We want Creotech to focus on satellite systems, where we already have a strong backlog and highly promising growth trajectory. At the same time, a new company will be created to focus on the development and commercialization of quantum systems.”
Dr. Brona emphasized that spinning off the quantum segment will help shareholders better understand its potential and value while allowing both companies to remain classified as SMEs—preserving their access to more favorable funding mechanisms. “The quantum segment already runs large-scale development programs scheduled to conclude by 2026–2027. The split will accelerate its growth and increase its chances of attracting funding. The Board believes the segment is fully capable of operating independently, both organizationally and financially,” he said.
The new joint-stock company will focus on advanced quantum technologies, including:
- Quantum Key Distribution (QKD) systems for terrestrial and space applications
- Quantum processor control systems
- Ultra-precise time synchronization systems (White Rabbit)
- High-speed, high-sensitivity scientific cameras
“By spinning off the quantum business, we’re creating a highly focused and technically strong company that stands out on Europe’s technology map,” said Dr. Anna Kamińska. “It will be built on established know-how, existing quantum clients, and the ability to access R&D grants and external investors interested in the quantum sector.”
Current Creotech projects in the quantum segment include:
- White Rabbit systems for ultra-precise timekeeping
- QKD systems for both ground and space (including satellite payloads and ground stations)
- Subsystems for quantum computing hardware
- Cameras for advanced scientific applications
- Solutions for research institutions such as CERN
The division is already generating commercial interest. One example is a successful collaboration with Orange to deliver a White Rabbit time synchronization system using atomic clocks with sub-nanosecond accuracy—creating a strong reference for future contracts.
In the near term (within two years), Creotech expects growth in revenue from QKD and industrial time-sync systems. Over the next four years, as the quantum computing market matures and space-based QKD systems go online, the new company will broaden its strategic product offerings with the aim of becoming a market leader in the European Union.
Planned Warsaw Stock Exchange Listing
As part of the spin-off, shareholders of Creotech Instruments will receive shares in the new quantum company proportional to their current holdings. The distribution will be executed via a public offering, requiring the new entity to prepare a prospectus and obtain approval from the Polish Financial Supervision Authority (KNF).
“We’re at the beginning of this process,” added Dr. Brona. “Assuming the prospectus review and corporate approvals go smoothly, and the General Meeting approves the plan, our goal is to finalize the spin-off between late 2025 and early 2026. We will provide ongoing updates on each milestone, so we encourage all shareholders to follow our disclosures closely.”
The press release was computer translated into English.
