Wiser Technology Secures a Strategic Contract with the European Defense Agency

Bianor Services, a Wiser Technology Company, Participates in the European Defense Fund Project

Sofia, Bulgaria, September 19th, 2024 – Bianor Services, a subsidiary of Wiser Technology (“Bianor Holding” AD) (BSE: BNR), has signed a strategic contract with the European Defense Agency (EDA) as part of a consortium led by the defense industry leader – INDRA.

Since 2020, Bianor Services has been a key participant in seven projects supported by European Commission programs, aiming to enhance defense and security cooperation in Europe. Currently, the company is actively engaged in five of these projects. Among the main R&D topics is enhancing cybersecurity through AI-based technologies.

The latest contract is for the E2C (European Command and Control System) project, financed by the European Defense Fund (EDF). E2C is a follow-up to the ESC2 (European Strategic Command and Control System), initially launched in 2020 with funding from the European Defense Industrial Development Program (EDIDP). The E2C project spans 24 months, with a total consortium value of €47M. INDRA, the Spanish defense industry leader, is the project coordinator. Other consortium participants include industry and defense forerunners such as the Italian Leonardo and the Bulgarian Defense Institute, as well as entities from Austria, Germany, Denmark, Estonia, the Netherlands, and Portugal.

“We are honored that a prominent defense industry contractor, such as INDRA, has again invited us to join them,” stated Spartak Kabakchiev, CCO of Wiser Technology. “We believe that the synergy within the Wiser group will enable us to contribute significantly to such large-scale projects, providing enhanced value to our partners and reinforcing European security,” Kabakchiev added.

The EC2 project is pivotal for supporting operations and missions under the European Union’s Common Security and Defense Policy. It aims to deliver a multifunctional command and control solution, ensuring centralized management of operational capabilities and interoperability across all government institutions. The project scope includes research, design, prototyping, and system testing.

Wiser’s mission is to empower visionary technologies to drive positive change in the surrounding environment and our everyday life. The company aims to be among the leading European software services vendors, delivering technological innovation, specialized knowledge, and engineering excellence. Among the top-tier Wiser’s clients are Airbus, Leonardo, Indra, IBM, IAV, UniCredit, ProCredit, EMAAR, Nokia, DirecTV, Bosch, Legrand. The company partners with technology leaders such as IBM, Amazon, Google, Microsoft, SAP, McKinsey Digital, and E&Y Digital.

About Wiser

Wiser Technology (BSE: BNR) designs, builds and operates advanced mission-critical software solutions for the world’s leading organizations. The company delivers technology innovation, extensive domain expertise, and engineering excellence to its customers in the automotive, aerospace & defense, telecommunications, and financial service industries.

Wiser Technology delivers exceptional services from its multiple delivery centers in Bulgaria, Greece, and Serbia, with a team of over 400 leading software engineers and computer scientists. It employs ISO 9001/20001/27001, NATO AQAP 2110/2210, and TISAX-certified processes. The company is headquartered in Sofia, Bulgaria, is listed at BSE, and operates an NY-based US consulting office

About the European Defence Fund

The European Defence Fund (EDF) is an EU program that supports companies across the Member States in developing competitive and collaborative defense projects that deliver innovative and interoperable defense technologies and equipment. EDF provides financial support for the R&D of defense-related products and technologies throughout their entire life cycle – from research to prototype development, testing, attestation, and certification.

Wiser Technology Joins the Premium Segment of the Bulgarian Stock Exchange

The Bulgarian Stock Exchange Board of Directors approved the company’s shares for trading on the Premium segment of the Main Market

Sofia, Bulgaria, September 16, 2024 – As of today, September 16, 2024, the shares of Bianor Holding AD (BSE: BNR), operating under the brand Wiser Technology, are now traded on the Premium segment of the Bulgarian Stock Exchange (BSE).

Over the past 12 months, the company revenue grew 192%, the market capitalization by 228% to about €38M, and the share price by 85% to €3.09 per share. Wiser Technology is now among the most actively traded companies on the BSE and was included in the BGBX40 index earlier this year.

Kosta Jordanov and Assoc. Prof. Manyu Moravenov, Ph.D.

“I am pleased to welcome one of the fastest-growing technology companies on the Bulgarian Stock Exchange to the Premium segment. In addition to demonstrating liquidity and share price growth, the company has shown a positive attitude and transparency to its investors. From what I’ve observed, I am confident Wiser has the potential to become a successful international player, and we will be proud when it eventually lists on a major global stock exchange,” said Assoc. Prof. Manyu Moravenov, Ph.D., member of the BoD and CEO of BSE. “The BSE currently needs more companies like Wiser to drive the necessary growth and momentum for our market to advance to the next level – well-positioned to international investors,” added Prof. Moravenov.

“It’s great to see the increasing investor interest in Wiser as we continue to improve the business fundamentals and to grow the business. The move to the most premium segment of the Bulgarian Stock Exchange is a direct result of investors’ trust,” shared Kosta Jordanov, CEO of Wiser Technology. “We’d like to thank the management of the BSE for guiding us on our path initially from the Alternative Market to the Standard segment of the Main Market and now to the Premium segment,” Jordanov added.

Wiser is currently raising €12.5M through a new capital increase via the Bulgarian Stock Exchange, scheduled to commence on September 17, 2024. Last week, Wiser held an open meeting with the investment community to present the parameters of the upcoming capital increase and the company’s development plans. Materials and a recording of the meeting are available at https://investor.wisertech.com/posledni-resultati/.

from left to right: Dimitar Dimitrov, CTO at Wiser; Kosta Jordanov, CEO at Wiser; Angel Stefanov, Partner at BlackPeak Capital; Ivan Dimitrov, CPO at Wiser

Wiser Technology to Raise €12.6M via IPO

The Financial Supervision Commission Approves Bianor Holding’s Prospectus for Capital Increase via the Bulgarian Stock Exchange

Sofia, Bulgaria, September 5ht, 2024 – Bianor Holding AD (BSE: BNR), operating under the brand Wiser Technology, received approval from the Bulgarian Financial Supervision Commission (FSC) to proceed with an initial public offering (IPO) of shares on the Bulgarian Stock Exchange (BSE). This approval marks the commencement of the capital increase process. An indicative schedule is available at the end of this announcement, and the final schedule will be released upon approval by the BSE.

Wiser Technology plans to issue up to 4,096,711 new shares at an issue price of €3.07 per share. If fully subscribed, this capital increase will bring in €12,6M and increase the total number of company shares to 16,386,844.

Sofia International Securities has been appointed as the lead arranger for this offering.

Since the beginning of 2023, Wiser has raised over €14.3M through an initial public offering on the BSE. The capital increase has facilitated six acquisitions, boosting the company’s pro forma consolidated revenues to €13.8M for the first half of this year – an increase of more than nine times compared to the same period last year.

“We are pleased to see considerable interest from investors, with close to €11M already committed,” said Kosta Jordanov, CEO of Wiser. “The proceeds from this capital increase will be used for acquisitions in Western Europe and to cover bridge financing used for the acquisition of Digital Lights earlier this year,” Jordanov added.

Wiser’s management invites the investment community to an open meeting on September 11th, 2024, at 4 p.m. at the Hyatt Regency Sofia Hotel. The meeting will provide further details on the company’s strategic plans, as well as the objectives and parameters of the upcoming capital increase. Participants will have an opportunity to engage directly with the management team. The meeting will be held in English and is open to all interested parties upon registration [here]. Additionally, it will be streamed live on the company’s YouTube channel.

Capital Increase Actual Schedule >>>

Wiser’s Revenues Nearly Tripled in H1 2024

Pro-forma Consolidated Revenues, Including 2024 Acquisitions, Reach €13.8M

Sofia, Bulgaria, August 29, 2024 – Bianor Holding AD (BSE: BNR), operating under the Wiser Technology brand, announces a 192% year-over-year increase in consolidated revenues for the first half of 2024. Revenues reached €4.3M, up from €1.5M during the same period of 2023.

On a pro-forma consolidated basis, which includes the revenues from the companies acquired earlier this year, Wiser’s revenues surged to €13.8M for the first half of 2024. This is an over nine times increase compared to the same period of 2023. The newly acquired companies are consolidated in Wiser’s profit and loss reports starting with the third quarter of the year, and their effect will be reflected starting with the next quarterly reports.

Wiser reported a negative financial result before interest, taxes, and depreciation of €0.2M and a net loss of €0.3M for the first half of 2024.

“We anticipate continued rapid year-over-year revenue growth in the second half of the year and positive financial results for the full year, despite the significant focus and investments this year to support our aggressive expansion,” said Kosta Jordanov, CEO of Wiser. “In the first half of the year, we had over €0.2M in one-off M&A-related costs. Most of those are now behind us, and we refocus our investments towards the integration of all the companies in the group under a single organizational structure and brand and in the international expansion of our sales channels,” added Jordanov.

Wiser is planning a capital increase of up to €12.6M through the Bulgarian Stock Exchange in the second half of the year. The company invites all members of the investment community to an open meeting on September 11th, 2024, at 4 p.m. at the Hyatt Regency Sofia Hotel. During this meeting, Wiser’s management will provide further comments on the company’s financial performance and more information about the company’s growth plans, as well as the objectives and parameters of the upcoming capital increase.

About Wiser Technology

wisertech.com

Wiser Technology (BSE: BNR) develops advanced mission-critical software solutions for the world’s leading companies in the automotive, aerospace & defense, telecommunications, and financial industries. Thanks to the accumulated knowledge and experience in these areas over the course of hundreds of projects, the company delivers high value to its customers and helps them create innovative projects and maintain sustainable competitive advantage.

The company’s team of over 400 top computer specialists, engineers, scientists, and consultants provides IT services from its delivery centers in Bulgaria, Serbia, and Greece. The company adheres to the highest quality and security standards, following processes certified to ISO 9001/20001/27001, NATO AQAP 2110/2210, TISAX, and others.