Put companies on watchlist
Circus SE
ISIN: DE000A2YN355
WKN: A2YN35
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

Circus SE · ISIN: DE000A2YN355 · EQS - adhoc news (22 News)
Country: Germany · Primary market: Germany · EQS NID: 1923575
12 June 2024 11:45AM

Memorandum of Understanding concluded in China


EQS-Ad-hoc: Circus SE / Key word(s): Expansion
Circus SE: Memorandum of Understanding concluded in China

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.


Circus SE: Memorandum of Understanding concluded in China

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
Germany
Email: ir@circus-group.com



End of Inside Information

12-Jun-2024 CET/CEST 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: 1923575

 
End of Announcement EQS News Service

1923575  12-Jun-2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1923575&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f
Visual performance / price development - Circus SE
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.