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Shape Robotics held a live Q&A Session, giving updates on the business

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Shape Robotics’ CEO held on 29 July 2024 a live Q&A Session giving updates on the business.

Disclaimer: The Company is releasing its interim financial report on 22 August 2024; nothing from the below can or should be interpreted as referring to or in connection with this interim report and the financial results to be released in August.

As previously communicated to the investors, Shape Robotics has organized a live Q&A session for the investors community in order to offer updates regarding the business operations. This event is part of a series of events to be organized for the investors’ community.

During the live session, Mark Abraham, CEO, responded to several questions received from shareholders and also communicated information regarding the current status of the business. Summarizing the main ideas, it has been communicated that:

  • Most of the team members are also shareholders and therefore fully dedicated to achieving the targets;

  • Implementation of a warrant program as approved at the General Meeting of Shareholders in April 2024 is on track; this would allow the company to recruit and keep talent and also align the focus of the employees with the focus of theinvestors; the company is  actively looking to recruit an investor relations manager;

  • All communication from the company follow the official channels and prescribed legal rules; this triggers also the moments for disclosure and not simple business decisions;

  • The value of the company is driven by the financial results, promises and commitments; as always, we have, a very clear plan on how to grow the company and how to reach the numbers that have been promised to the market regarding the 2027 goal;

  • In the context of existing communicated orders and deliveries, preliminary Q2 figures should be in line with what we have previously released publicly, and with an increased profitability against last year, as already contemplated in the announced forecast.

  • The shareholders have approved in April 2024 a capital increase of up to 2,5 million shares; the company is not planning to raise capital for financing working capital, where there is strong support from the business and partners, but to grow the R&D business and to invest in new technologies, such as AI;

  • We are in talks with large financial institutions in Denmark and also international institutions to help us prepare for a potential raising of cash when the timing and market is right; If and when this will be confirmed, following the legal procedures, we will of course communicate to the market in the appropriate form;

  • We are open to strengthening our board of directors as a function of strong revenue growth, if additional competencies are needed. If and when this will be confirmed, following the legal procedures, we will of course communicate to the market in the appropriate form;

  • The business model is following the available funds and we are focused on executing of the current communicated plans;

  • Our direct presence or lack of direct presence in various countries is determined based on business analysis that takes into account financing sources, potential partnerships and benefits thereof; this is why we have direct presence in countries like Poland or Moldova but only operate with partners in others (e.g. Channel Tools or I3 Technologies in Europe or Teksbotics in Hong Kong);

  • Opening new territories requires good understanding of the territory’s specificities and calibrating the business (a good example are our efforts in India, where specific activities are carried);

  • We have applied to a public funding procedure whereby the EU is looking to finance projects for training 30.000 teachers; this is in line with our techducator concept, and we are looking to obtain up to 24 EUR million soft financing for this purpose - the official results of the procedure should be available in the coming weeks and shall be communicated to the market in accordance with the rules. The procedure is public and may be verified by accessing the official platform of the authorities (https://proiecte.pnrr.gov.ro/#/transparency/info,  section “PNRR/2024/C15/MEDU/I8/”).

The full live session is available on the LinkedIn page of Shape Robotics or by accessing the link below:
https://www.linkedin.com/events/liveq-asession7221434707782078465/theater/

Additional information
Mark Abraham, CEO
Tlf.: +45 31 65 64 50
mark@shaperobotics.com

CVR-nr. 38322656
www.shaperobotics.com 

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