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2020-09-17

Former Minister of Education is planned to join Shape Robotics as a new member of the Board of Directors

Company Announcement No. 12-2020
Copenhagen, September 17[th], 2020

The Board of Directors are nominating the former Minister of Education Merete Riisager for election as a board member for the next annual ordinary general meeting. Merete Riisager immediately joins the Board of Directors in Shape Robotics as a board observer.

"All around the globe, children are struggling to understand technology as part of new curriculas. Technology is a tool, an infrastructure, a community, a media and a problem solver. All this is difficult to grasp. Shape robotics is enabling the teacher introducing technology in the classroom, so that everybody can get a first hand impression on robotics and coding. This is important work, and I am looking very much forward to participating." says Merete Riisager.

Lars Nyengaard, Chairman of the Board, explains the reason for the nomination:
"Merete has a strong background in politics and solid understanding of how the educational sector operates, both in Denmark as well as abroad. We as the Board of Directors have no doubt that Merete will be an important partner in our growth plans."

At the same time Thomas Gjørup has informed the Board of Directors that he plans to withdraw from the Board of Directors at the next ordinary general meeting. Thomas has been a board member in Shape Robotics since 2017, representing TAG Holding ApS.

"I joined the Board of Directors in Shape Robotics in 2017 along with an initial investment from TAG Holding ApS.  TAG Holding has invested in the company through several tranches and was also a cornerstone investor in the recent IPO. It has been an amazing journey so far and I am glad that I took part in it. Now, Shape Robotics is at a place where more specialized competences are needed on the board and I look forward to follow the company as an investor in the years to come",  says Thomas Gjørup, board member. 

Lars Nyengaard, Chairman of the Board:
"We are truly thankful to Thomas for his work in Shape Robotics as board member and as investor."

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
Lars Randel Nyengaard (https://datacvr.virk.dk/data/visenhed?enhedstype=person&id=4000588764&language=da), Chairman of the Board
Tlf. (+45) 2789 8240
Email: larsnyengaard@gmail.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

Författare Shape Robotics

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