RCS - Renold PLC - Renold Renew Partnership with British Cycling

RenoldAnnouncement

17/05/2024 07:00

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RNS Number : 7801O  Renold PLC  17 May 2024

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                                  0161 498 4500

 Robert Purcell, Chief Executive

 Jim Haughey, Group Finance Director

 IFC Advisory Limited (Financial PR and IR)  0203 934 6630

 Tim Metcalfe                                renold@investor-focus.co.uk

 Graham Herring

 

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 (http://www.renold.com/)

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