The project is being implemented under the National Recovery and Resilience Plan, Priority Axis Intelligent Industry, procedure BG-RRP-3.004 "Technological Modernization," by the end recipient FOXTECH Ltd. Since November 20, 2023, Foxtech Ltd. has started the implementation of the project "Technological Modernization in the Enterprise" under Funding Agreement No. BG-RRP-3.004-0486-C01 according to procedure BG-RRP-3.004 "Technological Modernization." The project will be carried out in Plovdiv with financial support from the EU under the Next Generation-EU program through the National Recovery and Resilience Plan. The planned duration of the project is 12 months, with a total budget of BGN 328,500.00, of which BGN 164,250.00 is non-refundable financing. The aim of the project is to provide focused support to Bulgarian small and medium enterprises (SMEs) to increase their competitiveness and improve their market positions. The project targets the following specific objectives: – Digitization of the production process, to be achieved by optimizing production chains through automated machine functions, software control, and software programming of cutting specifications. – Expansion of production capacity by increasing machine capacity and reducing cutting time with greater precision.