Circus SE / DE000A2YN355
18.12.2024 - 07:30:04Circus welcomes former Compass Group Executive Jürgen Thamm to its Advisory Board
| Circus SE / Key word(s): Personnel 18.12.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Jürgen Thamm, former Regional Director Continental Europe at Compass Group, joins Circus as an expert with over 20 years of experience and key knowledge on food service industry inefficiencies. Compass Group is the world’s largest catering company with $42.2 billion in revenues (2024) and over 500,000 employees globally. Thamm joins Circus’ Advisory Board alongside industry experts like Dr. Arne Rost (Managing Director at leading TUM Venture Lab Robotics/AI), to strengthen the company’s mission to scale AI and robotics in food service. Hamburg, 18 December 2024 – Circus SE (Xetra: CA1), a leading AI and robotics company specializing in autonomous kitchen systems, today announced the appointment of Jürgen Thamm to its Advisory Board. Thamm, the former Regional Director Continental Europe at Compass, the world’s largest catering company with over 500,000 employees and $42.2 billion in revenue, brings unparalleled expertise in food service and strategic growth to Circus’ mission of automating food service through AI and robotics globally. With decades of leadership experience at Compass Group, Thamm has a deep understanding of the complexities and inefficiencies of manual labor in large-scale food operations, including the significant food waste that results from these challenges. As Compass focuses on serving large-scale enterprises in employee catering, Thamm recognizes that much of the market potential remains untapped due to the high costs and limitations of manual labor. “Full autonomy is the only way to solve the food service industry’s growing labor and cost crisis,” said Thamm. “Circus’ use of robotics and AI is not just innovative - it’s essential. With autonomous solutions like the CA-1 robot, we can unlock new markets that were previously inaccessible, while addressing food waste and inefficiencies at scale. I am honored to join Circus in leading this transformation.” Thamm’s addition to the Advisory Board reflects his strong belief in the transformative potential of robotics and AI in the food service industry. The CircusAI technology in combination with its revolutionary CA-1 robot, offers fully autonomous food production that can overcome the limitations of manual labor, reduce food waste, and open new opportunities in the catering sector. Nikolas Bullwinkel, CEO and founder of Circus, commented: “Jürgen’s unparalleled expertise in large-scale food service operations is a significant asset for Circus as we enter mass production of our robots. His vision for autonomy aligns perfectly with our mission to solve the industry's labor crisis through the power of AI. With his guidance, we are gaining key industry knowledge to pioneer the future of autonomous food production.” As Circus enters into high-volume production of the CA-1 robot and expands its operations globally, Thamm joins a distinguished Advisory Board that includes AI and robotic experts like Dr. Arne Rost (Managing Director of TUM Venture Lab Robotics/AI), Dr. Maria Danninger (Next Gen Robotics Go-to-Market Lead at Accenture Tech Innovation). Together, they will support Circus in scaling its AI and robotics technology, which has already secured an order backlog of over 8,600 CA-1 systems bundled with CircusAI. Since launching commercialization in the second quarter of this year, strong demand for its AI and robotics solutions - capable of reducing labor cost as well as food waste by over 90% - has grown to an annual revenue potential of EUR 1.1 billion to date. Contact: Circus SE Hongkongstrasse 6 20457 Hamburg press@circus-group.com
18.12.2024 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/for-investors |
| ISIN: | DE000A2YN355 |
| WKN: | A2YN35 |
| Listed: | Regulated Unofficial Market in Frankfurt, Munich (m:access) |
| EQS News ID: | 2053321 |
| End of News | EQS News Service |
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