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Gfinity PLC - Gfinity to deliver F1 Esports Virtual Grand Prix

RNS Number : 1655H
Gfinity PLC
23 March 2020
 

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

23 March 2020

 

Gfinity plc

("Gfinity" or the "Company")

 

Gfinity to deliver Formula 1 Esports Virtual Grand Prix Series

 

Gfinity plc (AIM: GFIN), a world-leading esports provider, has been selected to deliver the new F1 Esports Virtual Grand Prix series.  The F1 Esports Series has been created to enable fans to continue watching Formula 1 races virtually, in light of the ongoing COVID-19 situation that has impacted the live Grand Prix events.

Gfinity worked closely with Formula 1 on the conception of the F1 Esports Virtual Grand Prix series and will now oversee the delivery of the tournament, tournament operations and broadcast production.

The F1 Virtual Grand Prix will be played every weekend in place of a postponed Grand Prix.  The first race, the Virtual Bahrain Grand Prix took place on Sunday, 22 March and featured Formula 1 drivers and a host of celebrities. The Virtual Grand Prix's are currently scheduled to take place until May and will be extended if the COVID-19 pandemic results in further Grand Prix cancellations. 

The series uses the official F1 2019 PC video game, developed by Codemasters.  Each race is broadcast live from the Gfinity Esports Arena in London and will be available on the official Formula 1 YouTube, Twitch and Facebook channels.

John Clarke, Chief Executive Officer, Gfinity said: "We are excited to be involved in the delivery of the F1 Esports Virtual Grand Prix series.  At Gfinity we are committed to delivering esports solutions for our partners and we are proud to be part of the series that will bring exciting entertainment based virtual racing to a legion of Formula 1 and gaming fans around the globe."

ENDS

Enquiries

John Clarke, Gfinity

[email protected]

Camilla Cunningham, Teneo (media)

+44 (0)74 6498 2426

Jeremy Porter, Allenby Capital (Broker and Nominated Adviser)

+44 (0)20 3328 5656

 

About Gfinity

Gfinity is a world leading esports business. Created by gamers for the world's 2.2 billion gamers, Gfinity has a unique understanding of this fast-growing global community.  It uses this expertise to provide both advisory services and to design, develop and deliver unparalleled experiences and winning strategies for game publishers, sports rights holders, commercial partners and media companies.

Gfinity connects its partners with the esports community in authentic and innovative ways. This consists of on and off-line competitions and industry leading content production. Partnerships include EA SPORTS, Activision Blizzard, F1 Esports Series and the Forza Racing Championship.

Gfinity connects directly with competitive gaming consumers through its growing community of gamers and its owned competition platform, the "Gfinity Elite Series".

All Gfinity services are underpinned by the Company's proprietary technology platform delivering a level playing field for all competitors and supporting scalable multi-format leagues, ladders and knock out competitions.

 


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Price: 1.625

Market: AIM
Market Cap: £11.75 m
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