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Medicalgorithmics S.A. — Regulatory Filings 2026
Jun 1, 2026
5705_rns_2026-06-01_0bd0f04d-9510-4604-98fb-96db087bdfd4.html
Regulatory Filings
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Report Content Subject: Conclusion of an agreement with a partner from Italy providingfor 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 Companyentered into an agreement with the Italian company Accyourate GroupS.p.A ("Partner"), one of the European leaders in wearable healthcare(the "Agreement").
The Agreement sets out the terms of cooperation between the parties inthe provision by the Company of services to the Partner based on theCompany's heart rhythm analysis technology - namely the DeepRhythmPlatform (DRP) cloud software and the DeepRhythmAI (DRAI) algorithms,including through integration with the Partner's software. The value ofthe remuneration (denominated in EUR) payable by the Partner to theCompany for the services provided will depend on the number of ECGsessions analyzed using the Company's software in a given month, at anagreed per-session rate depending on the duration of the examination,with a guaranteed minimum monthly fee (in EUR). Session fees will becomepayable after completion of the integration work enabling the Partner tocommercially provide services based on the Company's software. Inaddition, the Partner will pay a one-time implementation fee, payablewithin 7 days from the date on which the Agreement enters into force(i.e. 1 June 2026), and - optionally - remuneration for ECG dataanalysis services performed by a technician, at a rate depending on theduration of the examination (payable per report).
The contractually guaranteed minimum monthly remuneration of the Companyfor diagnostic examinations performed by the Partner will amount to 31.7thousand PLN (7.5 thousand EUR). Assuming the provision of services fortwelve consecutive months, the minimum guaranteed annual revenue underthe contract will amount to 381 thousand PLN.
The Agreement has been concluded for an indefinite term, with thepossibility for either party to terminate it subject to six months'notice. The Agreement also provides for immediate termination in theevent of a material breach by either party, following a priorineffective request to remedy the breach. The Agreement is governed byItalian law and contains standard provisions regarding representationsand warranties, confidentiality, and indemnification, in line withindustry standards. The Agreement excludes each Party's liability forany indirect, incidental, consequential or special damages, includingloss of profits, loss of revenue, loss of business, loss of data orbusiness interruption; this exclusion does not apply to certainsituations, including fraud, willful misconduct or gross negligence,breaches of confidentiality obligations, and infringement ormisappropriation of the other Party's intellectual property rights.
The values in EUR indicated in this report have been converted into PLNat the exchange rate of 4.2322 PLN/EUR.
In the opinion of the Company's Management Board, the conclusion of theAgreement is another important step in the implementation of theCompany's strategy, presented in current report No. 16/2023 of 19 June2023, which aims to significantly increase the Company's revenues andprofitability and lead to the generation of positive cash flows. Theagreement with the Partner will allow the Company to develop in a newand promising segment of the smart textiles market.