The order cements Shape Robotics' position as a preferred partner for an increasing number of educational organizations in Romania, where investments in the digitization of education systems receive financial and political support, including already allocated EU funds, the company said in a press release.
"We have now received an order from another strong partner in Romania. The order is proof that our extensive work to create a solid partnership-based network in Central and Eastern Europe is bearing fruit. We expect to see more orders in the million range as the market matures further and the inflow of capital to invest in digitized education increases," Shape Robotics CEO Andre Fehrn said.
In order to meet the part of the EdTech market that demands smaller, but still turnkey technology laboratories, Shape Robotics has designed Steam Labs, where students are trained in robotics, virtual reality and 3D printing. Steam Labs is a modular variation of the SmartLabs developed in collaboration with Romanian educational NGO INACO.
With the two variations of turnkey EdTech solutions, Shape Robotics can both cover large international and national tenders and service smaller projects, right down to single orders for laboratories, it said.
In September, Shape Robotics completed the acquisition of Romanian technology company Video Technic Systems (VTS) for 9.6 million Danish crowns. Following the acquisition, Shape Robotics lifted its revenue expectations for this year to 81-93 million crowns from 75-85 million crowns.
Shape Robotics already has a major agreement with several schools in Romania for the supply of the same types of products. In 2022 alone, the company will supply equipment to 100 SmartLabs in Romanian schools under a 60 million crowns deal. In November, the Danish company announced that it expects to deliver up to 1,175 SmartLabs in Romania under a project worth 420 million crowns which has been included in the EU-funded Recovery and Resilience Plan (RRP).
(1 Danish crown=0.1345 euro)
