Shape Robotics enters into a 3-year distribution agreement of DKK 60 million

Company Announcement No. 92
Copenhagen, December 8, 2022

In line with Shape Robotics' partnership-based growth strategy, the company is now strengthening its already strong market position in the main market Romania with a new distribution agreement with one of the region's leading electronics and IT distributors. With an expected total order value of DKK 60 million. over the next three years, Shape Robotics will work side by side with the experienced teams from NOD to meet the great demand for educational technology for the large Romanian and Eastern European market.

First order of approx. 7 million will be delivered already this month, and both parties expect, according to the contract, to be supplemented with similar orders approx. three times a year in the next three years for a total expected invoicing value of DKK 60 million. DKK

NOD is the market-leading electronics and IT distributor in Romania with an annual turnover of over DKK 3 billion and is considered a heavyweight in Eastern and Central Europe with more than 20 years of experience and several thousand partners. From the Covid-19 era onwards, NOD has intensified its focus on digitizing Romania and strategically aims to implement the most innovative solutions and latest technologies to promote the development towards modernizing the Romanian society.

The Company maintains the financial expectations for 2022.

Additional information and investor relations

André Fehrn, CEO
Tlf.  (+45) 2444 8556
Email: [email protected]
Rugmarken 18, 3520 Farum, Denmark
CVR-nr. 38322656
www.shaperobotics.com

Certified advisor contact

Norden CEF A/S
John Norden Tel: +45 20 72 02 00
Email: [email protected]
www.nordencef.dk