Manz And Adidas Sign Cooperation Deal - Quick Facts

Manz AG (MANZF.PK) said that it has signed a cooperation agreement with adidas AG in connection with the adidas "Speedfactory" initiative.

In connection with the partnership, the technology will be implemented in so-called "Speedfactories," first in Germany and the USA, and ultimately worldwide. In these "Speedfactories", shoes will be produced locally in the target markets in the future. This collaboration with a leading company in the sporting goods industry and the transition of a newly developed technology from pilot production to series production underscores Manz AG's capability to develop innovative solutions for demanding customers from a wide variety of industries.

In the future local shoe production in "Speedfactories" will enable adidas to manufacture shoes at the consumer's location, in a customized, resource-friendly and cost-effective way.

The global development of automated production according to individual customer requests in the regional target markets is to be implemented in several steps by 2020. The collaboration will have the relevant effects on the revenue and earnings position of Manz AG starting in the coming fiscal year - effects that will increase as the project progresses.

At the same time, the cooperation will allow Manz to continue to diversify its own
business model with respect to customers, industries and regions.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Google has revoked its three-year ban on cryptocurrency-related ads on its sites under the search giants' new ad services policy. This action will now allow cryptocurrency exchanges and wallets certified by Google to advertise their products and services on Google's network, beginning August 3, 2021. The UK's competition regulator said Friday that it has secured commitments from Google to address concerns about the tech giant's proposal to remove third-party cookies from Chrome browser. Archer Aviation, a developer of electric vertical take-off and landing or eVTOL aircraft, unveiled its autonomous electric two-seater aircraft, named "Maker", marking a milestone towards its commercial launch. The California-based air mobility company, which has already received orders from United Airlines, will use its inaugural aircraft prototype for testing as it works towards certification.
Follow RTT