EQS-Adhoc: ParTec AG: Supervisory Board of ParTec AG resolves on premature contract extensions and reduces the Management Board

Ad-hoc release disclosure of an inside information
acc. to Article 17 MAR of the Regulation (EU) No 596/2014

ParTec AG: Supervisory Board of ParTec AG resolves on premature contract extensions and reduces the Management Board

Munich, 10.02. 2025 – The Supervisory Board of ParTec AG (ISIN: DE000A3E5A34 / WKN: A3E5A3) resolved today to extend the contract of the Chairman of the Management Board, Bernhard Frohwitter, which extends until the end of October 2025, with an additional five years through the end of October 2030.

The management contracts of Hans Kilger, Chief Financial Officer, Nurcan Rasig,  Chief Sales & Marketing Officer and Frank Westermann,  Chief Human Resource Officer, which expire at the end of October 2025, were also extended early by five years, to the end of October 2030.

Ina Schmitz, Chief Projects and Consulting Officer, Thomas Moschny, Chief HPC Solutions and Chief Technology Officer, and Dominik Ulmer, Chief Quantum & AI Solutions Officer, will resign from the Management Board.

In the future, Ina Schmitz and Thomas Moschny will become members of the Management Board of ParTec Modular Computing Lab GmbH & Co. KG, based in Grünwald.

About ParTec AG

ParTec AG specialises in the development and manufacture of AI supercomputers based on its modular high-performance computing (HPC) systems and quantum computers (QC) as well as the associated system software. The offering also includes consulting and support services in all areas of the development, construction and operation of these modern systems. The concept of dynamic modular system architecture (dMSA) is the result of more than ten years of research and was developed by ParTec as a novel system design for massively parallel high computing systems. The dMSA and the underlying ParaStation Modulo Software Suite, which was developed and is maintained by ParTec, have proven to be particularly suitable for the complex requirements of massive computing power in artificial intelligence.

Further information about the company and ParTec AG's innovative solutions in the field of high-performance computing and quantum computing can be found at www.par-tec.com.

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