Welcome!

News Feed Item

Cannondale Pro Cycling and Slipstream Sports Join Forces

EXCHANGES
TSX: DII.B, DII.A

WILTON, CT and BOULDER, CO, Aug. 20, 2014 /PRNewswire/ - Cannondale and Slipstream Sports, today jointly announced that Cannondale Pro Cycling SpA and Slipstream Sports will join forces in 2015.  Cannondale, a premium brand of Dorel Industries, Inc. (TSX: DII.B DII.A), will become a title sponsor and technical bicycle sponsor for the team and will take an ownership stake in the management organization of Slipsteam Sports LLC.  Slipstream Sports, the top American professional cycling organization dedicated to ethical sport and developing the next generation of champions, will manage the overall operations of the team. Garmin, a key partner of Slipstream Sports since 2008, will remain a significant sponsor of the team in 2015. More information, including the official team roster will become available in the fall.

"Cannondale is excited to team up with Slipstream to create the next evolution of Cannondale Pro Cycling with the most progressive and innovative team in the peloton," said Peter Woods, President and CEO, Dorel Recreational/Leisure. "Cannondale Pro Cycling athletes play a key role in testing our products in some of the most extreme conditions worldwide helping us to create the perfect ride for our consumers. We are thrilled about progressing our product development approach with the new Cannondale Pro Cycling while bringing exciting racing to our fans around the world."

"Slipstream Sports and Cannondale share key philosophies of a focus on innovation, developing the next generation of champions and a commitment to ethical sport," said Jonathan Vaughters, CEO of Slipstream Sports. "We are happy to work with another company, that, like Garmin, so closely shares our goals. We will be adding great talent to an already outstanding roster and we believe the team will build on past successes and will produce very exciting racing in 2015. We look forward to what we can achieve together, both on and off the road."

Cannondale has been involved with pro racing since 1997 when it became the technical sponsor of Saeco and the first US manufacturer to sponsor a European Pro Tour team.   Since Dorel acquired Cannondale in 2008, investments in pro racing have steadily increased and have enhanced the awareness of the Cannondale brand. In 2010, Cannondale became a co-sponsor of the Liquigas-Cannondale Team and became title sponsor and owner in 2013 with the creation of Cannondale Pro Cycling.

Since 2007, the team has won three Grand Tours including the Giro d'Italia in 2007 and 2010 as well as the Vuelta a España in 2010.  During that time, the team also won four Tour de France jerseys, including the 2009 Polka Dot Jersey and the Green Jersey in 2012, 2013 and at the just completed 2014 race, along with countless prestigious individual races.  Throughout this time, the team has ridden the race-proven line of Cannondale bikes including the SuperSix, Slice, Slice RS, Synapse and the "Best Bike in the World," the SuperSix EVO.

Founded in 2004, Slipstream Sports has evolved from a group of promising young U.S. riders to one of the top teams in the Pro Tour. Garmin came on board in 2008 and remains an important and significant sponsor of the team. Known for its commitment to innovation, for animating races around the world, and for its progressive anti-doping stance, Slipstream Sports has held the yellow jersey, won stages, including recently with Stage 19 in 2014, and won the Best Team competition at the Tour de France. Slipstream Sports has won the 2011 Paris-Roubaix, 2012 Giro d'Italia, 2013 Liege-Bastogne-Liege, and the 2014 Dauphine, and its riders have stood atop the podium on countless races across the globe.

To learn more, visit www.cannondale.com or www.slipstreamsports.com.

ABOUT CANNONDALE
Founded in 1971, Cannondale is a global industry leader with a strong heritage in design, development and manufacturing of high performance bicycles, apparel and accessories. With a reputation for continuous innovation and quality, Cannondale corporate headquarters is located in Wilton, Connecticut, USA, with offices in Brazil, Canada, Holland, Japan, Switzerland, Australia, United Kingdom, and Taiwan. For more information, visit www.cannondale.com.

Cannondale is a premium brand of Cycling Sports Group, part of Dorel Industries Inc. (TSX: DII.B, DII.A) a world class juvenile products and bicycle company. Dorel creates style and excitement in equal measure to safety, quality and value. The Company's lifestyle leadership position is pronounced in both its Juvenile and Bicycle categories with an array of trend-setting products. Dorel's powerfully branded products include global juvenile brands Safety 1st, Quinny, Maxi-Cosi, Bébé Confort and Tiny Love, complemented by regional brands such as Cosco and Infanti. In Recreational/Leisure, brands include Cannondale, Schwinn, GT, Mongoose, Caloi, IronHorse and SUGOI.  Dorel's Home Furnishings segment markets a wide assortment of both domestically produced and imported furniture products, principally within North America. Dorel has annual sales of US$2.4 billion and employs approximately 6,400 people in facilities located in twenty-five countries worldwide

ABOUT SLIPSTREAM SPORTS
Founded in 2004, Slipstream Sports has evolved from a group of promising young U.S. riders to one of the top teams in the Pro Tour. Known for its commitment to innovation, for animating races around the world, and for its progressive anti-doping stance, Slipstream Sports has held the yellow jersey, won stages, including recently with Stage 19 in 2014, and won the Best Team competition at the Tour de France. Slipstream Sports has won the 2011 Paris-Roubaix, 2012 Giro d'Italia, 2013 Liege-Bastogne-Liege, and the 2014 Dauphine, and its riders have stood atop the podium on countless races across the globe.

SOURCE Dorel Industries Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
"MathFreeOn.com is a line coding platform for engineers and scientists. When they want to solve an engineering problem and they have to use software - they have to pay a lot of money for licenses - but with MathFreeOn you don't have to pay a lot of money. Just go to our site and write the code and you can check the result right away," explained Simon Lee, CMO of MathFreeOn, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Cla...
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
In his session at Cloud Expo, Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, provideed economic scenarios that describe how the rapid adoption of software-defined everything including cloud services, SDDC and open networking will change GDP, industry growth, productivity and jobs. This session also included a drill down for several industries such as finance, social media, cloud service providers and pharmaceuticals.
"Dice has been around for the last 20 years. We have been helping tech professionals find new jobs and career opportunities," explained Manish Dixit, VP of Product and Engineering at Dice, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Infrastructure is widely available, but who’s managing inbound/outbound traffic? Data is created, stored, and managed online – who is protecting it and how? In his session at 19th Cloud Expo, Jaeson Yoo, SVP of Business Development at Penta Security Systems Inc., discussed how to keep any and all infrastructure clean, safe, and efficient by monitoring and filtering all malicious HTTP/HTTPS traffic at the OSI Layer 7. Stop attacks and web intruders before they can enter your network.
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.