Management Board of QuarticOn S.A. informs that today, i.e. on March 4, 2021, the Issuer has received confirmation of signing with Wittchen S.A. an agreement extending the current cooperation for another 12 months, covering the Polish market and foreign markets (including Czech, Ukrainian, Hungarian and German markets) for the use of technology based on the Company’s Artificial Intelligence in the field of search engine, recommendation engine and marketing automation. The Issuer informed about cooperation with Wittchen S.A. in the current report ESPI No. 3/2020. The Company also continues its development on the Czech and Slovak markets by signing contract with the company from the construction and furniture industry i.a. the Slovak company Merkury Shop s.r.o. for the recommendation engine service on the Slovak, Polish and Hungarian market and with the Czech store Riteli.cz for the SmartSearch service and the recommendation engine.
The total value of the contracts signed on an annual basis is in the range of PLN 300 – 350 thousand PLN (EUR 67-80 thousand). The conditions for the implementation of the above-mentioned contracts, including the possibility of withdrawing from them or breaching their terms, do not differ from the terms commonly used for this type of contract.
Conclusion of the above-mentioned contracts are the result of the development of the “direct” sales channel. In the opinion of the Company, the above the contracts will have an impact on the further improvement of the Company’s results in the current financial year.