COLOGNE, Germany and
RIO de JANEIRO, Brazil,
May 22, 2019 /PRNewswire/ --
SPORTTOTAL AG has signed a binding agreement with RIO
MOTORSPORTS LLC, Arlington (US), for the technical equipping of a
racing track project in Rio de
Janeiro (Brazil).
SPORTTOTAL had already signed a preliminary agreement back in
August 2018. As already announced,
the anticipated order volume lies in the lower double-digit million
euro range for the first construction leg of the New Rio de Janeiro
Racetrack. SPORTTOTAL is expected to generate a typical
double-digit EBIT margin for its VENUES (international project)
business and will bear the cost of prefinancing. Work on the
Rio de Janeiro racing track is
expected to commence in 2019 and is scheduled for completion in
2020.
SPORTTOTAL prevails in the competition against large
corporations
Grand Prix races are to take place again in Brazil as from 2020. With this in mind,
RIO MOTORSPORTS has signed a
contract with the Spanish Dorna Sports Group that represents
MotoGP, among other clients. In its VENUES business, SPORTTOTAL AG
is responsible for race control, the seamless video monitoring of
the racing track, timekeeping, a media distribution system,
starting lights and electronic flags, wireless connections, voice
over IP and developing the entire data network. RIO MOTORSPORTS and SPORTTOTAL have entered into
an exclusive partnership for this project. JR Pereira, Founder and
CEO of RIO MOTORSPORTS: "The
approval for the construction of the Rio
de Janeiro racetrack and the MotoGP, Formula 1 and 24h Race
going to the tourist capital of Brazil represent a turning point in Brazilian
motorsport and a change to the modality in the world. This
transformation and openness to new perspectives wouldn't be
possible without the fundamental partnership with SPORTTOTAL. There
is no doubt that, being next to such a renowned company, we gain
even more respect in the whole world market. We are just in the
beginning. Soon, with the development of our sports park, we will
open other business fronts for SPORTTOTAL in Brazil." SPORTTOTAL-Manager Thomas Hellemann, who can rely on the
international licensed race directors, racing managers, track
safety experts as well as time keepers and technical supervisors in
his team: "We are proud to have won this project in the competition
against major corporations. Our high degree of specialization and
expertise are clearly paying off."
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 TOTAL
24-Hour Race at the Nürburgring. In addition, SPORTTOTAL AG also
produces content for prestigious companies such Porsche, Audi,
Mercedes/AMG, Red Bull and VW and
organises high-calibre live events such as the Porsche
Experience.
More information: www.sporttotal.com
SPORTTOTAL AG
Am Coloneum 2
50829 Cologne
Germany
www.sporttotal.com
Tel: +49-(0)-221-7-88-77-0
Fax: +49-(0)-221-7-88-77-199
info@sporttotal.com
Investor Relations
BSK Becker+Schreiner Kommunikation
GmbH
Tobias M. Weitzel
Tel: +49-(0)-177-7-21-57-60
weitzel@kommunikation-bsk.de
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SOURCE SPORTTOTAL AG