CWA SA (3/2018) Establishment of cooperation with GIAP sp. O.o.

Legal attitude: Art. 17 para. 1 MAR - confidential information. The CWA SA Management Board with its registered office in Poznań ("Issuer") informs that today a contract was signed about co-operation (hereinafter: "Agreement") with GIAP sp. o.o. with headquarters in Warsaw. The subject of the Agreement is the distribution and sale by GIAP sp. O.o. IT solution for generating territorial reports of WPF (Multi-Annual Financial Forecasts) by local governments. GIAP sp. O.o. will also coordinate substantively the development of the IT solution used to generate WPF reports. The amount of remuneration of GIAP sp. O.o. will depend on the number of IT solutions sold. In the opinion of the Issuer's Management Board, cooperation with GIAP sp. o.o. will significantly contribute to the development of sales of IT solutions used to generate WPF reports. The agreement assumes that the Issuer's minimum revenues from the sale of IT solutions used to generate WPF reports in 2018 will not be lower than PLN 250,000. GIAP sp. O.o. is the Economic Institute of Spatial Analysis dealing with the production of GIS software and laser scanning in the NavVis technology, whose main product is the Local Government Spatial Data Platform supporting the implementation of local government administration tasks.

Source: company website, investor relations, current and periodic reports.

Company information
Company name:CWA SA
Adress:ul. Górecka 30 Poznań
Phone:+48 61 6613242

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