SCOTTS VALLEY, Calif. — August 26, 2014 — BRG Sports, Inc., a
leading designer, developer and marketer of branded sports equipment,
protective products and related accessories, today announced that it has
invested in MIPS AB. MIPS AB has developed the Multi-directional
Impact Protection System (MIPS) technology that will be featured in
several new cycling helmet models from BRG Sports brands Giro and Bell.
“We constantly evolve helmet design to incorporate technologies that
prove effective at reducing impact energy,” said BRG Sports Executive
Chairman and CEO Terry Lee. “After studying and testing MIPS for more
than 18 months, we understand how well it works and have a strong desire
to collaborate with MIPS to improve the effectiveness with which it
manages certain types of impact energy. During the process of getting to
know the MIPS team, and after learning more about their technology and
capabilities, we decided to make an investment in the company. This
investment will enable us to work closely with MIPS in our quest to
improve helmet safety and consistently raise the level of protection we
offer our customers.”
The patented MIPS Brain Protection System was developed through a
collaboration between Swedish engineers and a Swedish neuroscientist to
address angled impacts and rotational forces to the brain. Concussion
and brain injuries are often caused by rotational forces to the brain
during a head impact. MIPS utilizes a low friction layer on the inside
of the helmet to absorb some of the energy created by angled blows to
the head. By mimicking the brain’s own protective mechanism, MIPS can
provide an additional measure of protection in some impacts.
BRG Sports’ investment in MIPS AB will expand the company’s own
extensive research, design, and testing capabilities. The first results
of these synergies are eight cycling helmet models from Giro and Bell,
which will debut at the Eurobike 2014 tradeshow in Friedrichshafen,
Germany. Giro also has plans to incorporate MIPS technology in their
line of market-leading snowsports helmets.
Johan Thiel, CEO of MIPS commented, “We are very pleased to welcome
BRG Sports as a customer and strategic partner. We think highly of BRG
Sports’ helmet development capabilities and are proud that they have
selected MIPS as a strategic partner. This partnership and the
investment made by BRG Sports will contribute to MIPS’ continued growth
and in meeting the helmet users’ demand for increased safety and will
further strengthen our overall R&D capacity.”
About Bell
From humble beginnings in the garage of a Southern California speed
shop in the 1950’s to the heads of champions in auto, motorcycle and
bicycle competitions all over the world, Bell is synonymous with
protection and progression. For more information about Bell, please
visit www.bellhelmets.com
About Giro
Since creating the first lightweight, high-performance helmets for
cycling and snowsports, Giro has excelled in the design, fit and
engineering of products that complement the body and improve the ride
experience. For more information about Giro, please visit www.giro.com.
About MIPS AB
MIPS was founded in 2001 and is based on research at the Royal
Institute of Technology, Stockholm (KTH) and the Karolinska University
Hospital. MIPS’ safety technology (Multidirectional Impact Protection
System) adds a measure of protection against rotational forces, which
the brain is exposed to in most hits or falls. MIPS is currently
available in ski/snowboard, bicycle, equestrian and motorcycle helmets.
For more information about MIPS, please visit www.mipshelmet.com.
About BRG Sports
BRG Sports is a leading designer, developer and marketer of branded
sports equipment, protective products and related accessories. The
company markets and licenses products under such well-known brands as Bell, Blackburn, Giro, Raskullz, Krash! and BULT.
Its products incorporate leading technology and designs and are used by
professional athletes and enthusiasts alike. Headquartered in Scotts
Valley, California, the company has 27 facilities worldwide. More
information is available at: www.brgsports.com.
Media Contacts:
Mark Riedy | 415.302.2923 | mark@trueoverdrive.com
Erin Griffin | 224.585.5231| eegriffin@brgsports.com
Source BRG Sports by press release
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