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Sporttotal AG
Regulatory Filings • Dec 28, 2017
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Regulatory Filings
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Corporate | 28 December 2017 17:32
SPORTTOTAL wins contract for major race track project in Russia
DGAP-News: SPORTTOTAL AG / Key word(s): Incoming Orders
28.12.2017 / 17:32
The issuer is solely responsible for the content of this announcement.
SPORTTOTAL wins contract for major race track project in Russia
– Contract value of EUR 8 million
– Internationalization strategy pays off
– SPORTTOTAL once again overcomes international competitors
Cologne, December 28, 2017. SPORTTOTAL VENUES GmbH, a 100 % daughter company of SPORTTOTAL AG, has secured a pre-contract agreement to supply the technical equipment for a race track project in Naltschik, Russia. The value of the contract is estimated at around EUR 8 million for the first phase of construction which is scheduled for completion by the end of 2018. SPORTTOTAL AG’s Venues Division will be responsible for race control, complete video surveillance of the race track, timekeeping, a media distribution system, start signal lights, electronic flags, radio links, voice over IP and the set-up of the entire data network. “We have once again overcome strong international competition to secure a highly challenging project,” remarked CTO Oliver Grodowski, who will implement the project with his team of experts from SPORTTOTAL VENUES GmbH. In 2017, SPORTTOTAL AG implemented the first phase of construction for a race track project in Kuwait worth around EUR 8.5 million. The work is running to schedule. In 2014, the team completed a major project involving the implementation of technical equipment at the Formula 1 race track in Sochi.
About SPORTTOTAL AG:
SPORTTOTAL AG (ISIN: DE000A1EMG56), headquartered in Cologne, is a technology and media company on a growth path in the rapidly scalable digital business with video platforms and communities (DIGITAL), in the high-margin national and international project business (VENUES), as well as in the live events business (LIVE). The company, which was founded in 1979, operates a high-traffic portal with strong growth for online sport videos and live streaming. The company equips amateur football clubs with special video technology which enables sports events to be transmitted live in a high quality and fully automatically using the new “sporttotal.tv” platform. SPORTTOTAL AG’s service portfolio also comprises the technical equipping of racing circuits and sports facilities, as well as the production and marketing of sports events such as the ADAC Zurich 24-Hour Race at the Nürburgring. In addition, SPORTTOTAL AG also produces content for prestigious companies such Porsche, Audi, Mercedes/AMG, Red Bull, VW and Deutsche Post AG and organises high-calibre live events such as the Porsche Driving Experience.
More information: www.sporttotal.com
SPORTTOTAL AG
Am Coloneum 2
50829 Cologne
Germany
Tel.: +49 (0)221_7 88 77_ 0
Fax: +49 (0) 221_7 88 77_ 199
Investor Relations
BSK Becker+Schreiner Kommunikation GmbH
Tobias M. Weitzel
Tel.: +49 (0)177_7 21 57 60
28.12.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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| Language: | English |
| Company: | SPORTTOTAL AG |
| Am Coloneum 2 | |
| 50829 Köln | |
| Germany | |
| Phone: | +49 (0)221 7 88 77 0 |
| Fax: | +49 (0)221 7 88 77 199 |
| E-mail: | [email protected] |
| Internet: | www.sporttotal.com |
| ISIN: | DE000A1EMG56 |
| WKN: | A1EMG5 |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |