Shape Robotics A/S : Annual Report 2020 – increase in contribution margin and revenue in line with expectations – marketscreener.com

Company Announcement No. 22-2021Copenhagen, March 24, 2021

This announcement is a summary and should be read in conjunction with Shape Robotics' Annual Report 2020 published on 24 March 2021. The Annual Report for 2020 will be availableon the company's website and on this link.

Results from the financial year 2020 was previously announced on 17 February 2021 with the Year-end interim report.

Financial highlights in 2020

Business highlights in 2020

Outlook 2021

Long-term financial targets

Financial calendar, upcoming

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About Shape Robotics A/SShape 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 InformationDavid Johan Christensen, CEO Shape Robotics A/STel. (+45) 2685 0903Email: david@shaperobotics.com

Investor relationsAndr Fehrn, CFO Shape Robotics A/STlf. (+45) 2444 8556Email: ir@shaperobotics.comRugmarken 18, 3520 Farum, DenmarkCVR-nr. 38322656www.shaperobotics.com

Certified advisor contactVstra Hamnen Corporate Finance ABChrister NilssonTel. (+46) 733968404Email: ca@vhcorp.seJungmansgatan 12, 211 11 Malm, SwedenBredgade 30, 1260 Copenhagen, Denmark

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