The Melbourne based sports performance solutions provider, Catapult Group International Ltd (ASX: CAT) today announced to the exchange that it now has over 150 national teams spread across 12 sports and this comes on the back of the recent wins in Europe and Asia.
Catapult has around 2,100 teams under its kitty covering 39 sports and over 104 research articles published.
The company has started 2019 on a strong footing with the signing of some marque-national teams. So far into the year, CAT has managed to bag the reigning FIFA World Cup champion French Football Federation, then the Football Association of Wales, then closer home the New Zealand Football, the Romanian Football Federation, the Bolivian Football Federation, then couple of Asian teams like the Korean Football Association and the Vietnam Football Federation, and finally the Swedish Football Association.
It seems like CAT has an inclining to soccer as almost two-thirds of the 150 national teams are soccer clubs. This cements the company’s global dominance in soccer and validates the company’s legacy as a leading provider of elite performance technology solutions to national teams across the globe.
Catapult has spread its wings to more than 2,100 organisations and across 128 countries. The company in its press release also informed about its new Video analytics platform, Catapult Vision. This new video platform makes it the third product in the elite performance technology stack that the company is offering all the national teams, including even the soccer teams. This platform is provided to the teams alongside the current wearables and Athlete Management System (AMS) offerings.
Cosmin Contra, the head coach of the Romanian Football Federation spoke about the usefulness of Catapult technology. He stated that Catapult technology helps them to measure physical parameters not only during the training session but also during the matches, with all this happening at a real-time basis. He further highlighted that by using Catapult they can substantially increase their quality and also prevent injuries.
The company also informed that the French Football Federation (FFF) has been steadily deploying its technology for some time. Catapult technology was used not only in the senior men’s team build-up to but also during their successful 2018 FIFA world cup campaign.
Mr. Pauline Gamerre, the director of BD at FFF, said that they were happy to have worked with Catapult as a member of the FFF Performance Centre. He emphasised that they are keen on working together with CAT to put the best technologies and cutting-edge sports science at the heart of the Performance Centre.
The company also provided highlights of its African business, and it informed that the tie-up with the Confederation of African Football (CAF) is progressing well. All the senior international and Olympic squads are making use of Catapults’ technology. At present 2,650 athlete monitoring solutions are rolled out to aid 54 national teams across Africa.
The Catapults’ Executive Chairman Dr. Adir Shiffman expressed his pleasure and highlighted on the fact that even the Women’s team like the Malawian and Ethiopian Woman’s national teams are making use of the company’s technology during the recent Olympic qualifiers.
Finally, the company stated that it continues to work with national teams, governing bodies and sports institutes in the lead up to the 2019 FIFA woman’s world cup and Africa Cup of Nations in June.
Catapult Group’s shares have delivered an absolute return of 81.47 percent since its listing in the end of 2014. The company recently announced a good set of half-yearly numbers.
In the past couple of months, the shares have been in an upward momentum. It has delivered a return of 32.43 percent and 22.50 percent in the past three months and one-month respectively.
CAT has a current market cap of ~ AUD 187.08 million with ~ 190.9 billion outstanding shares. On April 4th, 2019, the CAT stock is trading at AUD 0.990 on ASX, marginally up by 1.02%.