===
EQS-News: Circus SE / Key word(s): Expansion
Circus Group signs preliminary agreement to roll out 5,400 units of its food production robot CA-1 across Beijing
educational institutions
2024-06-12 / 11:50 CET/CEST
The issuer is solely responsible for the content of this announcement.
Circus Group signs preliminary agreement to roll out 5,400 units of its food production robot CA-1 across Beijing
educational institutions

. The Group enters into an exclusive multi-stage agreement with the Beijing University Food Raw Material
Joint Procurement Centre in China.
. The parties aim to roll out a network of 5,400 food production robots, reaching an estimated cumulative
revenue potential in the low single-digit billion euro range over the next years.
. The future network of food production robots will be equipped to produce nearly 4 billion fresh meals
annually across 92 Beijing institutions.

Hamburg / Beijing, June 12, 2024 - Circus SE (Xetra: CA1), a leading AI robotics company specialising in autonomous
kitchen systems, has signed a Memorandum of Understanding (MoU) with the Beijing University Food Raw Material Joint
Procurement Centre. This partnership aims to build and scale an autonomous food supply network using Circus Autonomy
One (CA-1), a fully automated food production robot capable of ingredient dispensing, cooking, cleaning, and packaging
without human intervention. CA-1 minimises production expenses and food wastage while upholding exceptional culinary
and hygiene standards, all within a compact 20 square metres and without necessitating human involvement. The Circus
Group is developing a global network of these robots to provide balanced, cost-effective nutrition worldwide.
The Beijing University Food Raw Material Joint Procurement Centre, established in 2001, is a centralised platform for
the procurement of raw materials for university canteens, guided by the Ministry of Education and industry committees.
Its objective is to guarantee food quality and safety, thereby enhancing the quality of life for teachers and students.
The centre serves over 90 universities and educational institutions in Beijing, providing millions of meals daily
within a limited timeframe.
To ensure the availability and constant accessibility of high-quality meals for every student, the parties aim to
establish an autonomous food supply system, run by CA-1 food production robots, enabling the on-demand production of
over ten million meals daily across Beijing's educational institutions.
The collaboration between Circus and the Procurement Centre shall be carried out in multiple phases starting from the
setup of joint test operations at first universities to prepare for the broader market launch of CA-1 food production
robots. From the start of this initial phase, Circus will receive exclusive market access.
The partnership aims to develop into a multi-staged integration of Circus' robotics technology across 92 Beijing
educational institutions with a total distribution of 5,400 CA-1 food production robots, reaching an estimated
cumulative revenue potential in the low single-digit billion euro range over the next years. The planned network of
robots will be capable of producing up to 4 billion meals annually.
In an additional defined national growth phase, the Procurement Centre shall further support the Group in a nationwide
rollout of the CA-1 food production robot, aimed at serving 4,000 educational institutions with a total of 60 million
students.
Nikolas Bullwinkel, CEO and Founder of Circus Group, stated, "The signing of this MoU represents a significant
milestone for Circus and the future of food service autonomy globally. We are honoured about the opportunity to serve
Beijing's students across educational institutions and faculties with our food service technology and offer a range of
balanced meals to millions of bright minds while enhancing food safety and efficiency in university canteens with the
implementation of this partnership. This agreement marks our entry into the Chinese market and underscores the immense
potential of our technology to transform food service around the world."
Liu Zhigang, Director of the Beijing University Food Raw Material Joint Procurement Centre, added, "The partnership
with the Circus Group represents a significant step forward in the development of an automated and highly efficient
food supply system. Their robotics technology will provide our institutions with access to affordable, high-quality
meals on-demand, enhancing the quality of life for both students and teachers at our facilities."
The MoU signed today in Beijing outlines the basic terms of future cooperation between the two parties. The MoU is not
legally binding and serves to define the key points of the future contractual agreement until the detailed and legally
binding contracts are drawn up.
About Circus Group:
The Circus Group (XETRA: CA1) is the leading AI robotics company, specialising in the translation of the fine art of
cooking into full autonomy. On its mission to fuel humanity, Circus provides global access to balanced nutrition, for
everyone, anytime. The company developed the world's first commercially viable food production robot, Circus Autonomy
One. Circus employs talents in AI, robotics engineering and food service across four locations and is headquartered in
Hamburg, Germany.
Contact:
Circus SE
Hongkongstrasse 6
20457 Hamburg
Germany
Investor Relations Contact:
Maximilian Hartweg
Head of Corporate Development
ir@circus-group.com
Press Contact:
Katharina Heller
press@circus-group.com
2024-06-12 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      Circus SE 

Hongkongstrasse 6
20457 Hamburg
Germany

E-mail:       ir@circus-group.com 
Internet:     https://www.circus-group.com/investors 
ISIN:         DE000A2YN355 
WKN:          A2YN35 
Listed:       Regulated Unofficial Market in Frankfurt, Munich (m:access) 
EQS News ID:  1923635 

End of News EQS News Service
===
1923635 2024-06-12 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1923635&application_name=news

END) Dow Jones Newswires

June 12, 2024 05:50 ET (09:50 GMT)