Company Announcement No. 25-2021

Copenhagen, March 30th, 2021

The Danish Lung Association has selected Shape Robotics for Phase 2 of their national project to help homebound children with respiratory diseases back in school.
In Phase 1 of the project, starting last summer, the Danish Lung Association evaluated five different technical solutions. One of the solutions was the telepresence robot called Fable Connect from Shape Robotics.
The result of the evaluation was to select Fable Connect as the solution for Phase 2 of the project.
In Phase 2, Danish schools and children with respiratory diseases will receive a robot and be taught how to use the system. The project will follow a gradual roll-out strategy, starting with a smaller group of children.
"The Danish Lung Association has been very professional in their evaluation and I am excited to start the roll-out of Fable Connect now. We understand the vast value it brings to the children who has often not been with their friends for months." says CEO David Johan Christensen

This initial roll-out in Phase 2 will help 20 children and has a financial value of 240 TDKK for the company. The intent of the Danish Lung Association is to offer and roll-out the robots to all Danish children within the target group. The long-term financial value of the project is yet unknow.

"This project has strategic importance for us. We believe that it can help us setup similar partnerships with other patient associations around the world." says CEO David Johan Christensen

The order 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 (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