4GLOBAL PLC 4GLOBAL secures GBP4M contract win (5671E)
31 October 2022 - 6:00PM
UK Regulatory
TIDM4GBL
RNS Number : 5671E
4GLOBAL PLC
31 October 2022
31 October 2022
4GLOBAL PLC
("4GLOBAL" or the "Company")
4GLOBAL secures international expansion with GBP4M contract
4GLOBAL, a UK-based data, services and software company focused
on major sporting events and the promotion and measurement of
physical activity, is pleased to announce that it has been awarded
a GBP4million project over 5 years with a major sporting
infrastructure project for a city in the Middle East. Approximately
GBP600k of the project is expected to be delivered and recognised
in the current financial year and the project includes an
opportunity for additional scope throughout the engagement.
4GLOBAL has been awarded this prestigious project to work
alongside a major global consultancy and construction firm to help
inform the design and build of critical sporting infrastructure
that will be used to host and attract major sporting events, as
well as to promote more active and healthy lifestyles for the
citizens in the region.
Key to 4GLOBAL's role will be the application of the Company's
extensive and unique knowledge on major events, active places and
active people, as well as its data and technology to inform
critical decisions and to drive the sustainability of the new
infrastructure.
This project will enable 4GLOBAL to further strengthen its
strategic global partnership which is generating significant sales
pipeline opportunities in the region.
Eloy Mazon, 4GLOBAL's CEO, commented:
"This is a significant contract win for the Company,
representing one of the largest initial wins in our history and
providing valuable foundations to our plans over the next few
years. We are delighted that we have been trusted to deliver on
this project using our data, technology and knowhow for this
sporting infrastructure project taking place in a city in the
Middle East, which we see as a great opportunity to build
relationships and work in the region post project.
"This project has given us an opportunity to continue our
expansion in the Middle Eastern market through strategic
partnerships which is key to our growth in the region.
"The international demand for our products and to partner with
us (4GLOBAL) in projects is allowing us to accelerate our expansion
into other international markets which is a key pillar of growth
under our strategy."
For further information please contact:
4GLOBAL c/o IFC Advisory
Eloy Mazon (CEO)
Spark Advisory Partners - Nominated Adviser
Neil Baldwin 0203 368 3554
Oberon Capital - Broker
Michael Seabrook, Adam Pollock, Chris Crawford 0203 179 5300
IFC Advisory 0203 934 6630
Graham Herring / Zach Cohen 07793 839 024
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