Micropolis Completes Successful Pilot Program with Saudi Ministry of Interior and Receives New Agreement for 270 Additional Surveillance Robots from QSS Robotics

Rhea-AI Summary

Micropolis (NYSE: MCRP) completed a one-month pilot with the Saudi Ministry of Interior at an ARAMCO oil refinery and the Riyadh national power station, validating off-road performance, autonomous systems, L-band communications, and AI functionality for industrial and critical infrastructure sites.

QSS Robotics issued an additional LOI for 270 robots, adding to a prior 500-unit LOI and bringing the total indicated volume to 770 robots.

Positive

• Pilot validated robots across two high-security sites including ARAMCO refinery and Riyadh power station
• Total indicated order volume reached 770 units via LOIs from QSS Robotics
• Full system validation included mechanics, autonomy, L-band radio, and AI incident reporting

Negative

• Purchase volume is currently documented as Letters of Intent, which are non-binding and may not convert to firm contracts

News Market Reaction – MCRP

+6.33%

8 alerts

+6.33% News Effect

+3.1% Peak Tracked

-8.6% Trough Tracked

+$7M Valuation Impact

$117M Market Cap

0.8x Rel. Volume

On the day this news was published, MCRP gained 6.33%, reflecting a notable positive market reaction. Argus tracked a peak move of +3.1% during that session. Argus tracked a trough of -8.6% from its starting point during tracking. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $7M to the company's valuation, bringing the market cap to $117M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Additional robots LOI: 270 robots Prior robots LOI: 500 robots Total indicated volume: 770 robots +5 more

8 metrics

Additional robots LOI 270 robots New Letter of Intent from QSS Robotics in Saudi Arabia

Prior robots LOI 500 robots Previously issued non-binding LOI with QSS Robotics

Total indicated volume 770 robots Combined volume under QSS Robotics LOIs in Saudi Arabia

Pilot duration one-month Pilot program with Saudi Ministry of Interior at two strategic sites

Strategic pilot sites 2 sites ARAMCO oil refinery and Riyadh national power station

Resale registration 7,100,000 shares Ordinary shares registered for resale by Streeterville Capital in 424B3

Warrant shares 5,000,000 shares at $5.00 Shares issuable on exercise of warrant per 424B3 filing

Note conversion 2,100,000 shares at $2.75 Shares issuable on conversion of $5,430,000 promissory note

Market Reality Check

Price: $2.91 Vol: Volume 291,321 is below t...

normal vol

$2.91 Last Close

Volume Volume 291,321 is below the 20-day average of 387,703, suggesting no outsized trading response ahead of this news. normal

Technical Price at $3.16 is trading above the 200-day MA of $2.08, reflecting a pre-news uptrend despite the recent pullback.

Peers on Argus

MCRP was down 7.33% pre-news, while close peers were mixed: HUBC (-9.59%), UBXG ...

MCRP was down 7.33% pre-news, while close peers were mixed: HUBC (-9.59%), UBXG (-3.5%), JG (-2.52%), SNCR (+0.79%), VHC (+1.85%). Moves are not clearly sector-driven.

Historical Context

5 past events · Latest: Jan 27 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 27	Strategic partnership	Positive	+0.3%	MoU to develop and industrialise an Autonomous Logistics Platform with UAE partners.
Jan 26	Product unveiling	Positive	+13.2%	Launch of Autonomous Logistics Platform with heavy-duty UGV specs at UMEX 2026.
Dec 03	Saudi LOI signed	Positive	+51.3%	Non-binding LOI with QSS to expand robotics and AI security in Saudi Arabia.
Nov 18	AI hardware launch	Positive	-6.8%	Announcement of IP67-rated NVIDIA-based edge computing module for robots.
Nov 06	Conference participation	Positive	-12.1%	Participation in DRIFTx exhibition showcasing UGV and AI security solutions.

Pattern Detected

Positive partnership and product announcements have produced mixed reactions: three past events aligned with gains, while two similar upbeat releases coincided with notable price declines.

Recent Company History

Over the past months, Micropolis announced several strategic milestones. On Dec 3, 2025, a non-binding LOI with QSS in Saudi Arabia contemplated up to 500 robots over two years, which coincided with a 51.28% gain. Product unveilings and exhibition participation in November 2025 drew mixed reactions, including moves of -6.82% and -12.12%. Late January 2026 updates around the Autonomous Logistics Platform showed modest to strong positive responses. Today’s Saudi pilot completion and expanded LOI build directly on the December 2025 Saudi framework.

Market Pulse Summary

The stock moved +6.3% in the session following this news. A strong positive reaction aligns with Mic...

Analysis

The stock moved +6.3% in the session following this news. A strong positive reaction aligns with Micropolis’ pattern of sharp moves on Saudi-related milestones, such as the prior 51.28% move on the December 2025 LOI for up to 500 robots. Today’s confirmation of a completed one-month pilot at two critical sites and an expanded total of 770 robots would fit that trajectory. However, past divergences on upbeat product news suggest that enthusiasm sometimes faded, underscoring execution, financing, and contract-conversion risks.

Key Terms

unmanned ground vehicles, l-band radio communications, ai system functionality, letter of intent, +2 more

6 terms

unmanned ground vehicles technical

"a pioneer in unmanned ground vehicles (“UGVs”) and AI-driven autonomous mobility"

Unmanned ground vehicles are land-based machines—ranging from small robots to large tracked or wheeled platforms—that operate without a person on board, either controlled remotely or guided by onboard software. Think of them as self-driving trucks or robot helpers that can do tasks people normally do on the ground, such as deliveries, inspection, or hazard removal. Investors watch them because widespread use can reduce labor costs, open new service markets, change defense and industrial spending, and create revenue and partnership opportunities tied to hardware, software and regulation.

l-band radio communications technical

"validation of the robot’s off-road mechanical performance, autonomous system capabilities, L-band radio communications"

L-band radio communications use radio frequencies roughly between 1 and 2 gigahertz to carry signals for services like mobile satellites, GPS, aviation and maritime links; think of it as a dedicated lane on the radio highway for safety-critical and navigation signals. Investors care because control of that spectrum, equipment that uses it, and rules about interference or sharing directly affect the revenue, costs and operational reliability of service providers and device makers.

ai system functionality technical

"L-band radio communications, and AI system functionality, ensuring readiness for large-scale"

AI system functionality describes what an artificial intelligence can do, how reliably it performs those tasks, and the limits or conditions under which it works — essentially its practical capabilities and behavior. Investors care because functionality determines a product’s usefulness, regulatory and safety risks, customer adoption, and ongoing development costs; like evaluating an engine in a car, predictable and robust functionality affects a company’s value and future revenue potential.

letter of intent financial

"received an additional Letter of Intent (“LOI”) from QSS Robotics to supply 270 robots"

A letter of intent is a document that shows an agreement in principle between parties to work towards a future deal or transaction. It outlines their intentions and key terms, acting like a roadmap before a formal contract is signed. For investors, it signals serious interest and helps clarify expectations early in the process.

premises security forces command regulatory

"under the supervision of the MOI Premises Security Forces Command, validating the robots’"

A premises security forces command is the organized leadership responsible for planning, directing and overseeing on-site security personnel and measures at a physical location, like a factory, office complex or campus. It matters to investors because effective on-site security protects people, assets and operations from theft, vandalism or disruption—similar to a building manager who prevents small problems from becoming business-stopping crises—and thus helps preserve cash flow, reputation and legal exposure.

autonomous security systems technical

"growing market demand for autonomous security systems in Saudi Arabia"

Autonomous security systems are automated tools that detect threats, make decisions, and take actions—using software, sensors, or machines—without needing a human to intervene every step. Think of them as a self-driving security guard that watches activity, raises alarms, blocks intruders, or isolates problems automatically; investors care because they can reduce labor costs, improve response speed, affect liability and compliance, and create revenue opportunities or competitive risks depending on reliability and regulation.

AI-generated analysis. Not financial advice.

Pilot deployed across two strategic sites including ARAMCO Oil refinery and Riyadh national power station in collaboration with Saudi Ministry of Interior Premises Security Forces Command

Agreement with QSS Robotics brings total number of robotics to be ordered to 770

DUBAI, United Arab Emirates and RIYADH, Saudi Arabia, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Micropolis Robotics (NYSE: MCRP) (“Micropolis” or the “Company”), a pioneer in unmanned ground vehicles (“UGVs”) and AI-driven autonomous mobility solutions, announced today the successful completion of a one-month pilot program with the Saudi Ministry of Interior (“MOI”) across two strategic sites in the Kingdom of Saudi Arabia: an ARAMCO oil refinery and the Riyadh national power station.

The pilot was conducted in collaboration with QSS Robotics, Micropolis’ local deployment and integration partner in Saudi Arabia, and under the supervision of the MOI Premises Security Forces Command, validating the robots’ operational performance across complex industrial and critical infrastructure environments.

Following the success of the pilot program, Micropolis also announced that it has received an additional Letter of Intent (“LOI”) from QSS Robotics to supply 270 robots, on top of the previously issued LOI for 500 robots, bringing the total indicated volume to 770 robots.

The pilot program included full validation of the robot’s off-road mechanical performance, autonomous system capabilities, L-band radio communications, and AI system functionality, ensuring readiness for large-scale deployment across high-security and mission-critical sites.

Micropolis’ solutions are designed to enhance situational awareness, improve security coverage, and support security forces in executing high-frequency patrol and monitoring tasks with increased efficiency.

Fareed Aljawhari, CEO of Micropolis Robotics, commented, “We are proud to have successfully completed this pilot project with the Saudi Ministry of Interior at two highly demanding critical infrastructure environments — ARAMCO’s refinery and the Riyadh national power station. This milestone reinforces the reliability of Micropolis robots in real-world operations, and validates our ability to deliver autonomous surveillance, connectivity performance, and real-time incident reporting using Microspot AI at scale.”

Mr. Aljawhari added, “Receiving an additional LOI for 270 robots, on top of the existing 500-unit LOI, is a strong indication of the momentum and growing market demand for autonomous security systems in Saudi Arabia. We are honored that the MOI Premises Security Forces Command has formed a committee to evaluate and expand deployments across the Kingdom, and we remain committed to supporting Vision 2030 by enabling advanced security automation through locally-made robotics and AI.”

Dr. Elie Metri, CEO of QSS Robotics, stated, “Micropolis has proven through this pilot that its robotic platforms and AI security systems are ready for operational environments in Saudi Arabia. In partnership with the MOI Premises Security Forces Command, we are proud to support this important step toward deploying autonomous security technologies to strategic sites across the Kingdom.”

Dr. Metri added, “The additional LOI for 270 units reflects strong confidence in Micropolis’ performance and the quality of the integrated solution. QSS Robotics remains committed to supporting national security modernization by localizing deployment capabilities and ensuring successful large-scale implementation of these systems.”

About Micropolis Robotics

Micropolis is a UAE-based company specializing in the design, development, and manufacturing of unmanned ground vehicles (‘UGVs’), AI systems, and smart infrastructure for urban, security, and industrial applications. The Company’s vertically integrated capabilities cover everything from mechatronics and embedded systems to AI software and high-level autonomy.

For more information please visit www.micropolis.ai.

About QSS Robotics

QSS Robotics is a Saudi-based robotics solutions and integration company focused on deploying advanced autonomous technologies for security, industrial, and government applications. As a strategic local partner of Micropolis Robotics, QSS supports in-country deployment, integration, and operational scaling within the Kingdom of Saudi Arabia.

Micropolis Investor Contact:
KCSA Strategic Communications
Valter Pinto, Managing Director
PH: (212) 896-1254
Micropolis@KCSA.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8d2c6531-2ae6-4232-9760-cf3858df0ef0

FAQ

What did Micropolis (MCRP) accomplish in the February 3, 2026 pilot with Saudi Ministry of Interior?

Micropolis completed a one-month pilot validating UGV performance at an ARAMCO refinery and Riyadh power station. According to the company, tests covered off-road mechanics, autonomy, L-band communications, and AI incident reporting across mission-critical sites.

How many robots did QSS Robotics indicate for Micropolis (MCRP) after the pilot on February 3, 2026?

QSS Robotics issued an additional LOI for 270 robots, bringing the total indicated volume to 770 units. According to the company, this adds to a prior 500-unit LOI and signals increased deployment interest in Saudi Arabia.

Does the 770-unit figure for Micropolis (MCRP) represent firm orders or Letters of Intent?

The 770-unit figure is comprised of Letters of Intent rather than confirmed purchase contracts. According to the company, the LOIs indicate strong interest but are not the same as finalized binding agreements.

What capabilities did Micropolis demonstrate in the Saudi pilot relevant to investors in MCRP?

Micropolis demonstrated autonomous mobility, off-road mechanics, L-band radio communications, and AI-driven incident reporting. According to the company, these validations support readiness for large-scale deployments at critical infrastructure sites.

What next steps did Micropolis (MCRP) and QSS Robotics outline after the successful pilot on February 3, 2026?

QSS Robotics and the MOI formed an evaluation committee to consider expanded deployments across the Kingdom. According to the company, both partners plan to support localization and large-scale implementation aligned with Saudi Vision 2030.