Notice Concerning Execution of Commitment Line Agreement
ACSL Ltd. (ACSL) hereby announces that its Board of Directors resolved at a meeting held on March 19, 2026 to enter into a commitment line agreement (the Agreement) as described below.
1. Purpose of the Agreement
As announced on October 10, 2025, ACSL was selected by the New Energy and Industrial Technology Development Organization (NEDO) as a contractor for the project titled “Autonomous and Distributed Control Technology for Small Unmanned Aerial Vehicles (Phase 2)” (the Project), which will be implemented under the research and development concept “Autonomous and Distributed Control Technology for Small Unmanned Aerial Vehicles” (the R&D concept) under the Program for Key and Advanced Technology R&D through Cross Community Collaboration Program (K Program). As part of the second phase of the R&D concept conducted under the K Program, the project will focus on the development of initial prototypes of small unmanned aerial vehicle (UAV) equipped with software for autonomous and distributed control. Through the R&D concept, multiple small UAVs will be able to work together to autonomously carry out missions in unknown and complex environments, aiming for highly unmanned and efficient operations such as assessing the situation during disasters and emergencies and searching for people in need of rescue. In addition, the results of the project will be used not only for public purposes, but also for civilian purposes, such as infrastructure inspection and remote sensing for agriculture.
ACSL plans to receive up to 2.9 billion yen in subsidies for the Project by the fiscal year ending December 31, 2027; however, until the subsidies are received, it will need to use its own funds to cover the project expenses. The purpose of the Agreement is to secure the necessary working capital for the Project and future business growth, to further strengthen the financial foundation, and to ensure the reliable execution of the business and to secure opportunities for business expansion.
2. Outline of the Agreement
| Lender | Shizuoka Bank, Ltd. |
| Contract type | Bilateral Commitment Line Agreement |
| Maximum credit line | 1 billion yen |
| Date of contract | March 31, 2026 (scheduled) |
| Contract period | 12 months (Contract expiration date: March 30, 2027) |
| Collateral | Unsecured and unguaranteed |
3. Outlook
ACSL believes that the execution of the Agreement will have a negligible impact on its business performance.
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