Catapult (ASX:CAT) signs multi-year deal with German Football Association

March 29, 2022 08:53 PM AEDT | By Sonal Goyal

Catapult (ASX:CAT) signs multi-year deal with German Football Association — Image source: © Kamolnatt456 | Megapixl.com

Multi-year contract with the German Football association

Catapult has signed a multi-year, multi-solution deal with the world’s single largest sports federation – the German Football Association (FA). As per the agreement, the German FA will use the Catapult’s technology to track athletes’ performance with wearables, capture performance through video and enhance the analysis infrastructure of the German National Football team at all levels.

The sports technology company said that this contract highlights the demand for the combined suite of solutions offered by Catapult after it bought SBG Sports software in June 2021. The integrated platform of Catapult empowers the coaches to view athletes’ data on a video screen.

Catapult informed its shareholders that all 15 women’s and men’s teams would employ Catapult video technology, and wearables data will fuel 10 teams.

On the development, Catapult’s CEO commented:

German Football Association’s head of analysis, Christofer Clemens, said that solutions offered by Catapult empower the association to take a fair decision regarding how they train their athletes and gain a competitive advantage. Clemens added that Catapult’s technology gives confidence to both athletes and coaches that they have a complete view of everyone’s performance on the pitch.

Performance of Catapult’s share

Image source: © Solarseven | Megapixl.com

In the last five trading days, the share price of Catapult has risen 24%, and the share price gain in the previous month was over 10%. In past twelve months, share prices have diminished significantly as they declined by 27%. The shares have recorded 9% fall from the beginning of the year until now. The performance of catapult shares is in line with the ASX information technology index, which declined by 6% in 12-months, and the year-to-date fall is over 17%.

MUST READ: Virtual land sold at twice the floor price in The Sandbox

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.