Summa Defence Plc                                                        
Press release 27.6.2025 at 12:30 EEST

Summa Defence Plc's subsidiary Lightspace Technologies is making an investment in a production facility located in Ventspils, Latvia, to enhance its clean room manufacturing capabilities. The investment will enable larger volume production of Lightspace Technologies' augmented reality displays.

"Demand in defense markets is growing rapidly and this investment enables quick production scaling. Making rapid investment decisions is exactly what the Summa Defence Group can offer and enable for its subsidiaries to quickly increase production," states Lightspace Managing Director Ilmars Osmanis.

Lightspace is a deep technology company focusing on XR technology, i.e. augmented reality (AR) and virtual reality (VR) The company develops solutions for the defense and healthcare industries. Lightspace Technologies, founded in 2014, conducts its product development and manufacturing in Latvia. In June 2024, Lightspace announced a partnership with Europe's leading defense technology company Rheinmetall Electronics UK aiming to co-create cutting-edge AR systems tailored for defense and security applications.

Lightspace is the global technology leader in multi focal AR near-eye displays, in which augmented reality is acting as an AI interface. The company currently has in production AR glasses that integrate into the helmet of the crew of armoured fighting vehicles, giving the user a 360-degree view, for example from inside a main battle tank to the outside, as well as additional information needed to lead the battle or mission through an AI interface. Lightspace is also developing ISR (Intelligence, surveillance and reconnaisance) AR headsets for the ground control personnel to operate the military drones. This is a significant addition to the different drone systems offered by Summa Defence.

SUMMA DEFENCE PLC

More information:
Jussi Holopainen, CEO
Phone: +358 44 517 4543
Email: jussi.holopainen@summadefence.com

Media contact:
Tommi Manninen, Chief Communications Officer
Phone: +358 400 437 515
Email: tommi.manninen@summadefence.com

Summa Defence in brief

Summa Defence Plc is a Finnish defense and security technology group supporting industry growth and strengthening industrial production capacity amid geopolitical change. Summa Defence focuses on dual-use technologies related to security of supply, situational awareness, mobility, and defense, which benefit the civilian, security, and defense sectors while strengthening comprehensive security, security of supply, and crisis management capabilities.

The shares of Summa Defence Plc are listed on the Nasdaq First North Growth Market in Sweden (SUMMAS) and Finland (SUMMA). www.summadefence.fi/en/

The Company's Certified Adviser is Augment Partners AB, info@augment.se, tel. +46 8-604 22 55.