EQS-News

Circus Group prepares Market Entry in Asia

EQS-News: Circus SE / Key word(s): Expansion Circus Group prepares Market Entry in Asia 23.05.2024 / 15:15 CET/CEST The issuer is solely responsible for the content of this announcement. Circus Group prepares Market Entry in Asia Hamburg, 23.05.2024 – Circus Group (Xetra: CA1) is preparing to enter the Asian market as part of its initial global roll-out. The company has developed the world’s first commercially- viable food production robot, Circus Autonomy One (CA1) aiming to disrupt the global food service market through the use of advanced AI, robotics and proprietary software solutions.

Circus is currently in discussions with potential customers in Asia who are interested in large quantities of CA1. In order to meet this demand, Circus is now building a dedicated team for the Asian market and has gained an experienced entrepreneur in Prof. Lin Yang, who will strengthen the company's regional presence as Local Managing Director for Asia Pacific in its upcoming roll-out in Asia. Yang will oversee local business strategy and partnerships, focusing on driving growth and establishing a robust presence across the region.

While Circus will begin commercializing its robots in Europe and the USA from its German headquarters, the indicative high demand from Asia in recent months and the corresponding interest in Circus' robots necessitate the establishment of dedicated on-site teams.

Circus Group CEO Nikolas Bullwinkel emphasised the importance of the appointment: “The appointment of Prof. Lin Yang as Managing Director for Asia Pacific represents a pivotal step in strengthening our global presence. Yang brings a proven track record in successfully launching new technologies of German origin in China. Together, we are excited to prepare for Circus’ future entry into the largest market for food service and robotics, bringing our German-engineered technology closer to this dynamic growing region.”

Prof. Lin Yang added: „I am very pleased to be joining Circus at this exciting time. Circus' innovative robotic solution offers one of the most groundbreaking changes in the food service industry and is of great interest in many regions of Asia. The potential applications in an area where countless individuals need access to safe, healthy food daily clearly demonstrate that we have a highly promising approach.“