ZHAOYUAN, China, Sept. 10, 2024 /PRNewswire/ -- On September 9, Linglong Tire, a Chinese leading tire manufacturing company, officially announced a multi-year agreement with Chelsea Football Club, one of the world's most prestigious football clubs, becoming the Official Tire Partner.
Over the coming seasons, Linglong and Chelsea will create bespoke content & experiences in key strategic markets, as well as building Linglong's global presence through pitchside placements with the Men's and Women's teams, at Stamford Bridge. Linglong Tire's brand image will frequently appear at Stamford Bridge Stadium, including matches in the Premier League, FA Cup, and League Cup. In addition, Linglong will further activate the partnership to deepen the emotional connection between the brand and fans through official social media as well as through exclusive interactions between Chelsea's star players and the brand. It is worth mentioning that the official travel coach of Chelsea Football Club will also be equipped with Linglong's tires.
Wang Feng, Chairman and President of Linglong Tire, explained the main reasons behind the partnership: "Becoming the official global partner of Chelsea Football Club is an important milestone in Linglong Tire's internationalization strategy. We cherish this opportunity and will fully utilize this to showcase the brand charm and product strength of Linglong Tire to the world. We look forward to working with Chelsea to deliver passion and excellence to fans and consumers worldwide, jointly writing a new chapter in brand development."
Casper Stylsvig, Chelsea FC's Chief Revenue Officer, commented: "We are delighted to welcome Linglong Tire as our new official global tire partner, an ambitious and innovative company who are committed to excellence in manufacturing, service & brand. We look forward to contributing to Linglong's global growth plans, and collaborating with a prestigious Chinese brand to grow our footprint in China."
Chelsea Football Club, a shining pearl in the English Premier League, has a history that can be traced back to 1905, making it one of the oldest and most influential football clubs in England. Since its establishment, Chelsea has left a profound mark on the global football stage with its brilliant record, outstanding player lineup, and unique tactical style.
Linglong Tire, with half a century of craftsmanship and unremitting pursuit of quality, has exported its products to 173 countries and boasts a loyal customer base worldwide. The cooperation between two parties is not only a powerful combination of brand strength and market influence, but also a profound resonance and joint practice of the spirit of pursuing excellence. In the future, Linglong Tire will continue to adhere to its original aspiration and quality first principle, and win the recognition and respect of global consumers with excellent products and services. At the same time, through the close cooperation with Chelsea Football Club, it will show the power of Chinese intelligent manufacturing to the world, convey the brand's passion and dreams, and make the Chinese tire brand shine more brightly on the world football stage!
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Linglong Tire becomes official Global Partner of Chelsea Football Club
Sceye Valued at $525 Million and Poised for 2025 Commercial Launch
PARIS, Sept. 17, 2024 /PRNewswire/ -- At World Space Business Week (WSBW) today, Sceye, a leading U.S. aerospace company specializing in High-Altitude Platform Systems (HAPS), announced the successful closing of its Series C funding round. The round was led by Mawarid Holding Company ("Mawarid"), a prominent Saudi corporation with an established presence in information and communication technology, satellite, and digital solutions.
Sceye strengthened its balance sheet by closing the Series C funding round, which values the Company at a pre-money valuation of $525 million. This provides sufficient liquidity to fund R&D activities, flight programs and launch the initial commercial operations in 2025.
This strategic alliance continues Sceye's successful partnership strategy, following América Móvil's involvement as the largest investor in their Series B round with a focus on Latin America.
"The Series C round is a critical milestone for Sceye. These funds will accelerate our platform development and commercial roadmap, paving the way for the commercialization of our HAPS technology in 2025. Our partnership with Mawarid opens new territories and market opportunities for our innovative solutions," said Mikkel Vestergaard Frandsen, CEO and Founder of Sceye.
Ghassan Itani, Assistant Chairman of Mawarid, added, "This partnership reinforces Mawarid's commitment to pioneering technology advancements and delivering digital solutions that serve critical industry sectors. By incorporating HAPS technology, we enhance our position as a comprehensive provider of strategic industry solutions."
This Series C investment announcement follows the success of Sceye's 2024 flight program, where the company achieved a significant milestone by demonstrating perpetual flight capabilities while staying over an area of operation. The test flight proved that Sceye's HAPS can operate continuously, with solar energy powering the system during daylight hours and battery storage ensuring overnight flight.
This achievement signifies the advent of a new infrastructure layer between terrestrial and space systems. It highlights the transformative potential of HAPS technology in expanding connectivity access, managing disaster response, monitoring environmental changes, and detecting climate-related disasters in real time.
About Sceye
Founded in 2014, Sceye is an aerospace company dedicated to advancing stratospheric technology to connect people and protect the planet. Sceye leads the High-Altitude Platform Systems (HAPS) industry, focusing on universal connectivity, climate monitoring, natural resource management, and disaster prevention.
About Mawarid:
Established in 1968, Mawarid Holding Company (MHC) is a leading Saudi corporation with a diverse portfolio spanning, but not limited to, ICT, satellite, and digital solutions. MHC has been a player in the global communications landscape, including its role as a founder and shareholder in Iridium Communications Inc. (Nasdaq: IRDM) since the early 1990s and its operations in various ICT and media sectors across the Middle East (e.g., Salam, TLS, ATSS, "Noorsat: Geo-operator").
Media Contact:
Jasmine Wallsmith
jw@sceye.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Sceye Secures Funds in Series C Round Led by Mawarid Holding Company
