Last checked at 17 May 2024 07:00
17 May 2024
Renold plc
("Renold", the "Company" or the "Group")
Renold Renew Partnership with British Cycling
Renold (AIM: RNO), a leading international supplier of industrial chains and related power transmission products, is pleased to announce that it has renewed its successful partnership with British Cycling for a further three years, which will see Renold continue to provide bespoke bike chains for the Great Britain Cycling Team.
This long-standing partnership has seen Renold and Bristol University share their expertise to deliver bespoke handmade chains for the Great Britian Cycling Team's track cyclists since 2011.
Since the Rio 2016 Olympic Games, Renold has created a specific Olympic chain, which has supported continued success on the track. The chain evolved through to the Tokyo Games, for which an entirely new chain was unveiled, offering more efficiency than previous models.
The renewed partnership will see over 100 bespoke chains manufactured for the British Olympic and Paralympic teams at the Paris 2024 Olympic and Paralympic Games this summer.
Stephen Park CBE, Performance Director for the Great Britain Cycling Team, said:
"We're delighted to renew our partnership with Renold until 2027. Our mission is to be the best sports team in the world and having such a high quality partner in Renold, who have been providing us with the best bike chains since 2011, supports us greatly towards that goal. We look forward to seeing what further innovations the next three years of our partnership will bring."
Darren Henry, Commercial Director for British Cycling said:
"Securing the ongoing support of an expert partner such as Renold highlights the value that such a long-term and collaborative partnership brings to both organisations. Our valued technical and equipment partners play a vital role in supporting both British Cycling and the Great Britain Cycling Team to deliver continued success in the future, and power us towards our mission to bring the joy of cycling to everyone."
Rodrigo Andres, Renold Chain Europe's Commercial Director said: "We are very proud to work with British Cycling and play our part in the success of one of the most successful track cycling teams in the world. The fact that Renold has been British Cycling's chosen chain partner for well over a decade illustrates the outstanding, market leading, quality and performance offered by our highly engineered chains. We wish the team every success in the coming Olympics and all future competitions."
ENQUIRIES:
Renold plc Robert Purcell, Chief Executive Jim Haughey, Group Finance Director
| 0161 498 4500 |
IFC Advisory Limited (Financial PR and IR) Tim Metcalfe Graham Herring | 0203 934 6630 renold@investor-focus.co.uk |
NOTES FOR EDITORS:
Renold is a global leader in the manufacture of industrial chains and also manufactures a range of torque transmission products which are sold throughout the world to a broad range of original equipment manufacturers and distributors. The Company has a well-deserved reputation for quality that is recognised worldwide. Its products are used in a wide variety of industries including manufacturing, transportation, energy, steel and mining.
Further information about Renold can be found on the website at: www.renold.com