Major bank backs Shape Robotics in ambitious entry into Europe together with Samsung Electronics

Major bank backs Shape Robotics in ambitious entry into Europe together with Samsung Electronics


Company announcement no. 75
Copenhagen, July 19, 2022

The ad contains inside information.

The Danish company edtech Shape Robotics has secured full funding from a major bank that supports the ambitious growth plans of European edtech markets. One of the largest and oldest investment banks in the country RomaniaBRD – Groupe Société Générale, has granted Shape Robotics an E 3M line of credit, thus guaranteeing working capital for the ambitious growth plans aligned with the strategic partner Samsung Electronics (as described in Company Notice No. 73.)

“With the financial support of Danish bank i EKF en Denmark and the 3 million euros from BRD – Société Générale Group en Romania we have guaranteed working capital for our growth strategies. We are in a privileged position to enter the huge European edtech market. We now have a unique and increasingly popular technology. We have the support of extremely strong partners and we are becoming profitable. All in all, a perfect positive storm for Shape Robotics and I would like to thank the investors, partners and of course our best performing team in both Denmark i Romania“says the CEO Andre Fehrn.

The now official distribution and collaboration agreement with Samsung is formally included Robotic form com key partner of Samsung Ecosystem for Development of education (SEED).

Building a European edtech ecosystem

Samsung Electronics and Shape Robotics join forces to facilitate and offer a plug and play package of technology solutions to Central school systems and Eastern Europe (EEC region) which will be implemented over the next three years and will be extended to cover all Europe in the next five years.

With more than 3 billion euros already assigned to the digitization of the education system a Romania the European union and the Romanian government is firmly committed to creating a better understanding of technology, with the goal of empowering new generations and nations to embrace the future. Shape Robotics is next door Samsung Electronics support this mission by building an ecosystem of educational technology that seeks to be replicated and implemented Romania and the rest of the EEC countries.

Shape Robotics is already offering its innovative plug and play SmartLab projects and taking advantage of various projects and tenders everywhere Romania with Romanian couple INACOhas also recently delivered the first Smart Lab in the neighboring country of Moldova.

Shape Robotics expects to achieve positive EBITDA in the second half of fiscal 2022 and revenue from M.75-85 DKK in 2022.

Additional information and investor relationsAndre FehrnCEO Shape Robotics A / S
Tel. (+45) 2444 8556
Email: ir@shaperobotics.com
Rugmarken 18, 3520 Farum, The Netherlands Denmark
CVR núm. 38322656
www.shaperobotics.com

Certified advisor contact
Norden CEF A / S Joan Nord Tel: +45 20 72 02 00
Email: jn@nordencef.dk
www.nordencef.dk

Communication:
Gullev & Co. ApS
Boris Güllev
Phone: +45 31 39 79 99
Email: borisgullev@gmail.com
www.gullev.co

https://news.cision.com/shape-robotics/r/major-bank-backs-shape-robotics-in-ambitious-entry-into-europe-together-with-samsung-electronics,c3603178

https://mb.cision.com/Main/19419/3603178/1605836.pdf

(c) Cision 2022. All rights reserved, source Press releases – English



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