JRH ASI to Finance Radar System Production for Ukrainian Partner

"This is the first such far-reaching agreement in which JRH finances the production of defense systems. It is also very concrete, because within a few weeks we want to move on to financing production," said January Ciszewski, CEO and majority shareholder of JRH ASI S.A.

Roles and terms

The partner holds the know-how, technology and production facilities, and is responsible for organizing and running manufacturing. JRH funds production, and the systems are then sold to external buyers. The agreement runs for 12 months and can be extended with both sides' consent.

The deal follows several months of work on the ORBITEO project. JRH can draw on the ORBITEO ecosystem to develop and improve the partner's radars, including expertise from portfolio companies in advanced and dual-use technologies. A leading technological role is planned for SatRev S.A., a Wrocław-based JRH portfolio company that designs, builds and operates satellites and turns satellite data into information useful for decision-making.

Why details are withheld

The partner's name and location are being withheld for security reasons, as disclosure during the ongoing conflict could increase risks for the company and the joint venture. The name may be made public once the threat subsides. The names of the systems, their tactical and technical characteristics and other sensitive information also remain confidential.

JRH aims to start financing production within weeks.