We are very proud that Shape Robotics has been awarded this competitive grant that will support our R&D and help us reach our long-term commercial targets
All around the globe, children are struggling to understand technology as part of new curriculas. Technology is a tool, an infrastructure, a community, a media and a problem solver. All this is difficult to grasp. Shape robotics is enabling the teacher introducing technology in the classroom, so that everybody can get a first hand impression on robotics and coding. This is important work, and I am looking very much forward to participating.
A partnership with this global distributor would be a fantastic strengthening of our B2C sales channels. We are very excited about the potential of our new product “Fable Connect”, both on the B2C market as well as B2B
We are satisfied with the performance of the Company during the first half of 2020. The COVID-19 crisis closed educational institutions on a global scale and temporarily reduced their ability to deliver hands-on robotics education to their students. Considering this difficult situation, it is very positive that the Company has been able to achieve the same turnover for the period as it did in 2019, increased its gross profit and introduced a new high-potential product to the market.