Wilton, Conn. and Boulder, Colorado – August 20, 2014
Cannondale and Slipstream Sports 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 later this year.
“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. “Professional 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 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 some 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.
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 bicycle and juvenile
products company. Dorel creates style and excitement in equal measure
to safety, quality and value. 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 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 di’Italia,
2013 Liege-Bastogne-Liege, and the 2014 Dauphine, and its riders have
stood atop the podium on countless races across the globe.
Source Cannondale
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