Circus Group signs preliminary agreement to roll out 5,400 units of its food
production robot CA-1 across Beijing educational institutions

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

12.06.2024 / 11:50 CET/CEST
The issuer is solely responsible for the content of this announcement.

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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


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12.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   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
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1923635 12.06.2024 CET/CEST