Exclusive partnership agreement with GC Healthcare
Company Announcement No. 24-2021
Copenhagen, March 25, 2021
Shape Robotics are pleased to announce the signing of an exclusive partner agreement with the danish company GC Healthcare that is a leading supplier of Purification Stations. The agreement is valid from today.
The reseller agreement gives Shape Robotics the rights to sell GC Healthcares Purification Stations globally with partial exclusivity in the following selected markets Great Britain, Germany, USA, Singapore, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates for a period of minimum 12 months. The parties will re-negotiate the agreement in a year from now.
About GC Healthcare
GC Healthcare is a leading supplier of Purification Stations which, using UVC light, remove 99.9% of viruses and bacteria (incl. Covid-19) in 5 minutes and effectively disinfect mobile devices, keyboards, pens, remote controls, books, robots, utensils, and other types of objects that frequently change hands.
“Educational institutions around the world are looking for solutions that allow the safe return of students. Sterilization of equipment will be an important focus point for a very long time.“, says CEO David Johan Christensen and continues
“There are very strong synergies between our two companies. GC Healthcare have developed unique products that fits into a school setting and lowers the risk of infections. Shape Robotics have a broad network of resellers and customers around the world within the Educational sector. It is a perfect match and a great add-on to our product portfolio.”
The partnership does not change the estimated revenue for the full year of 2021, which has previously been predicted to DKK 14-17M.
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About Shape Robotics A/S
Shape Robotics is a Danish robotics company with a strong position in the global educational technology (”EdTech”) market. The Company has developed Fable, a unique modular robot that makes it easy and fun for students to build and program their own robots. Since the launch of Fable in 2017 thousands of robots have been sold and shipped to schools around the world.
Shape Robotics helps educational institutions provide excellent teaching that will prepare students for a fast-changing future where digital technologies, artificial intelligence, and automation are transforming life and work. Fable is a modular robot that students can build in seconds. The robot system is robust, can withstand everyday usage in classrooms and can be used to solve demanding tasks. Students code Fable depending on their experience - from simple block programming to coding in the advanced Python language. Comprehensive teaching materials have been developed in collaboration with professional educators. Therefore, Shape Robotics provides complete teaching solutions for educational institutions from the 3rd grade to high-school and vocational schools.
In 2020 Shape Robotics launched a new telepresence robotics system called Fable Connect. The system enables schools to get homebound students back in the classroom using the robot as a communication device. The product broadens the company’s offering and has been well received by the Danish Schools. Hundreds of Fable Connect robots are now being used at schools and hospitals, mainly by children with long-term health issues. The market for Fable Connect is expected to grow and become an important product for the company in the years to come.
Further Information
David Johan Christensen, CEO Shape Robotics A/S
Tel. (+45) 2685 0903
Email: david@shaperobotics.com
Investor relations
André Fehrn, CFO Shape Robotics A/S
Tlf. (+45) 2444 8556
Email: ir@shaperobotics.com
Rugmarken 18, 3520 Farum, Denmark
CVR-nr. 38322656
www.shaperobotics.com
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