Circus SE, DE000A2YN355

Circus SE / DE000A2YN355

12.06.2024 - 11:45:26

Circus SE: Memorandum of Understanding concluded in China

EQS-Ad-hoc: Circus SE / Key word(s): Expansion

12-Jun-2024 / 11:45 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Hamburg, June 12, 2024 – Circus SE today signed a Memorandum of Understanding (“MoU”) with Beijing University Food Raw Material Joint Procurement Center for the potential supply of 5,400 Circus Autonomy One (CA-1), Circus Group's self-developed food production robot. The Beijing University Food Raw Material Procurement Center is a Chinese public welfare platform responsible for the procurement of raw materials for the food supply of university canteens at over 90 universities in Beijing. This would achieve the previously announced plan to enter the Asian market. The MoU is an important intermediate step in the ongoing discussions with potential customers published in the ad hoc announcement of May 14, 2024, and at the same time the first step towards the announced market entry in Asia. This is a non-binding preliminary agreement in which the parties agree on the key terms of the intended collaboration. The next steps are further negotiations and initial product tests at one or more educational institutions in Beijing this year and next. If the tests are successful and final contracts are concluded, significant revenue can be expected in the medium term. The potential revenue from these final contracts could lead to cumulative revenue in the low single-digit billion euro range over a period of several years. The company is currently in talks with other potential customers in various countries.

Contact: Circus SE
Nikolas Bullwinkel
Founder & CEO
Hongkongstrasse 6
20457 Hamburg

End of Inside Information

12-Jun-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Circus SE
Hongkongstrasse 6
20457 Hamburg
ISIN: DE000A2YN355
Listed: Regulated Unofficial Market in Frankfurt, Munich (m:access)
EQS News ID: 1923575

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1923575  12-Jun-2024 CET/CEST