The Management Board of Summa Lingua S.A. based in Krakow (“Issuer”, “Company”) hereby announces that on 14 June 2019, the Company entered into a contract (“Contract”) with Samsung Electronics Polska Sp. z o.o. (“Employer”).
Under the Contract the Issuer will provide the Employer with resources and will implement linguistic tasks involving e.g. application testing as well as collection and annotation of data used at the Employer’s R&D Center.
The Issuer estimates the budget for the services covered by the Contract at PLN 4,000,000.00 (say: four million zloty) net per annum.
The Contract has been concluded for an indefinite term and can be terminated with a 3-month notice.
The Issuer’s Management Board considers this Contract material, as its estimated value meets the materiality criteria defined in the Issuer’s Disclosure Policy, and due to the fact that its conclusion is yet another important step in building the revenue backlog for 2019 and subsequent years.
Legal grounds: Article 17(1) of MAR – confidential information.
The Company’s representatives,
Krzysztof Zdanowski, President of the Management Board