Swarmer amends Meta Bureau supplier pact, cuts initial license fees to about $2.5 million

Swarmer amended its master supplier agreement with Meta Bureau, reducing initial license fees to approximately $2.5 million. Concurrently, a separate agreement with Progress TRW adds $1.4 million in upfront fees, bringing the total to $3.9 million. The Progress contract includes an option for software upgrades worth up to $10.4 million, replacing options removed from the Meta Bureau deal. Both agreements have one-year terms with automatic annual renewals and allow termination on 30 days' notice.

Swarmer amended its master supplier deal with Meta Bureau on June 25, 2026, cutting initial lump-sum license fees to about $2.5 million. * Separate June 25, 2026 agreement with Progress TRW adds about $1.4 million in upfront license fees, lifting combined upfront fees to about $3.9 million. * Progress contract includes an option for software upgrades worth up to about $10.4 million, replacing upgrade options removed from the Meta Bureau amendment. * Both agreements carry one-year terms with automatic annual renewals, terminable on 30 days’ written notice. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Swarmer Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-079408), on June 30, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

Swarmer amended its master supplier deal with Meta Bureau on June 25, 2026, cutting initial lump-sum license fees to about $2.5 million. * Separate June 25, 2026 agreement with Progress TRW adds about $1.4 million in upfront license fees, lifting combined upfront fees to about $3.9 million. * Progress contract includes an option for software upgrades worth up to about $10.4 million, replacing upgrade options removed from the Meta Bureau amendment. * Both agreements carry one-year terms with automatic annual renewals, terminable on 30 days’ written notice. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Swarmer Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-079408), on June 30, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here