Shape Robotics receives a grant from Innovation Fund Denmark

Company Announcement No. 14-2020
Copenhagen, October 6, 2020


Shape Robotics receives a grant for 1,1 MDKK from InnoBooster People (Innovation Fund Denmark).

The grant focuses on particularly promising knowledge-based Danish start-ups that have already obtained validation of their solution in the form of either external capital injection or turnover.
The amount is allocated for retention of key development employees.

“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” says David Johan Christensen, CEO


About Shape Robotics A/S
Shape Robotics A/S (”Shape Robotics” or ”the Company”) 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 more than 5000 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 has 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.

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

Certified advisor contact
Västra Hamnen Corporate Finance AB
Christer Nilsson
Tel. (+46) 733 968 404
Email: ca@vhcorp.se
Jungmansgatan 12, 211 11 Malmö, Sweden
Bredgade 30, 1260 Copenhagen, Denmark

About Us

Shape Robotics A/S is a Danish robotics company with a strong position in the global educational technology (”EdTech”) market. The Company has developed Fable, an innovative modular robotic system that makes it easy and fun for students to build and program their own robots. Shape Robotics is located in Farum north of Copenhagen, Denmark.

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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
David Johan Christensen, CEO