Shape Robotics signs letter of intent with international distributor to sell Fable Connect on the consumer market
Company Announcement No. 11-2020Copenhagen, August 31th, 2020The Company has since this summer been in dialogue with a few distributors with access to an international network of retail stores for the purpose of selling the new product “Fable Connect” to consumers (B2C). Today, Shape Robotics has signed a letter of intent (LOI) with a potential international distributor active in 30+ countries. The intention is to finalize a contract about reselling Fable Connect to the consumer market. The agreement has a potential value of 3M+ DKK until end of Q1, 2021. The long-term value of the