REG - 4GLOBAL PLC - New Contract Win

4GlobalAnnouncement

13/12/2021 07:00

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RNS Number : 3538V  4GLOBAL PLC  13 December 2021

13 December 2021

4GLOBAL PLC

("4GLOBAL" or the "Company")

New Contract Win

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 circa $500k contract with the
Peruvian government commencing immediately.  c$100k of the contract is
expected to be delivered and recognised in the current financial year ending
31 March 2022 with the balance due next year.

4GLOBAL has been appointed as one of a team of technical delivery partners
(known as the "Koulu Consortium") to work alongside the UK Government to
provide specialised technical assistance to the Peruvian government on a major
contract in Peru to create 75 new schools.

As a member of the Koulu Consortium, 4GLOBAL will provide its Sport
Intelligence platform, data and know-how to assist in developing an active
schools' framework to ensure the schools are as conducive to activity as
possible and helping to activate the schools and connect with local
communities.

This is the third UK-to-Peruvian-government arrangement in which 4GLOBAL has
been involved, the first of which was within the framework of the Pan American
and Para Pan American Games Lima 2019 which provided technical advice and
monitoring in the construction of sports infrastructure and service
management, considered to be a model for large infrastructure works.

The government-to-government agreement was signed by the British ambassador to
Peru, Kate Harrison in representation for the UK Department of International
Trade. On signing she said:

"It is an honour that Peru has chosen the UK government and Koulu Consortium
as its delivery partner to provide technical assistance in the development of
the Bicentennial Schools Special Project. It is a great opportunity to support
Peru in the year of its Bicentenary and to continue strengthening our
partnership. The project will boost social infrastructure in education - an
essential pillar supporting Peru's development process and investment in its
people."

Eloy Mazon, Chief Executive Officer of 4GLOBAL, commented:

"We are delighted to have yet again been appointed to assist the UK Government
providing technical advice on this significant Peruvian schools project and we
very much look forward with enthusiasm to working with all parties to create
outstanding outcomes. 4GLOBAL's appointment to this third project reflects the
success of earlier projects where some outstanding results were achieved."

 

For further information please contact:

 4GLOBAL                                             c/o IFC Advisory
 Eloy Mazon (CEO)
 Spark Advisory Partners - Nominated Adviser         0203 368 3554
 Neil Baldwin
 Oberon Capital - Broker                             0203 179 5300
 Michael Seabrook, Robert Hayward, Chris Crawford
 IFC Advisory                                        0203 934 6630
 Graham Herring / Zach Cohen                         07793 839 024

 

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About 4GLOBAL

4GLOBAL is a UK-based data, services and software company focused on major
sporting events and the promotion and measurement of physical activity. The
Company uses its proprietary data and software solutions to convert data into
actionable insight which enables clients to promote sports participation, to
reduce physical inactivity and to achieve economic, social and healthcare
outcomes.

The Company works with, and supports, a range of clients including governments
(e.g. the U.K. Government and Sport England), cities and local authorities
(e.g. Neom, Saudi Arabia, and Manchester, UK), sporting federations and
activity providers (e.g. The Gym Group), to address the problem of physical
inactivity, to produce significant and measurable health, social and economic
benefits.

Historically, 4GLOBAL has used major sporting events as a catalyst to help
address the issue of physical inactivity issue. Physical inactivity, the key
problem addressed by the technology offering, is a global phenomenon. Across
the globe, physical inactivity has yet to be met with concerted government
action. Addressing this issue is an essential element of 4GLOBAL's potential
growth. Its relationships with governments, and public and international
sports bodies, makes 4GLOBAL ideally placed to provide a solution.

Over time, the role that these sports and sporting events play at national and
city (or in the U.K. at local authority) level has evolved. 4GLOBAL management
identified the London 2012 Olympics as a transformational point. Since then,
increasing emphasis has been placed on leaving a "legacy" once the event has
ended - economic legacy (in terms of transformation and regeneration of host
cities), social legacy (in terms of improving local/national health, crime
reduction, education improvements) and participatory legacy (to increase the
participation in sport by the host country's population). 4GLOBAL's management
realised that measurement and monitoring of these outcomes requires relevant
data. As a consequence, the Company has built the Sport
Intelligence platform, which tracks and manages activity data that has been
collected and stored on the Company's DataHub, its GDPR-compliant database.

The Directors believe that demand for its offerings will continue to increase.
This is driven by underlying growth in key channels to market, such as a
long-standing relationship with the U.K. Government, and increased development
of proprietary models that highlight the social return of investment in sport,
rising health and social cost pressures, regulatory and technology change and
continuing consolidation in the sports and technology services industry.

The Group also has a vision to capitalise on the transformation in the role of
sport towards a wider public purpose around health and wellbeing through the
promotion of physical activity, which in turn produces health benefits to
people and society. In this way, and through its proprietary sports
participation data platform, Sport Intelligence, the Company differentiates
itself from more generalist sports and/or health technology and services
businesses.

 

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