18.08.2020 HWA AG  DE000A0LR4P1

DGAP-News: HWA AG plans hydrogen racing series in connection with E-Sports


 

DGAP-News: HWA AG / Key word(s): Product Launch/Sustainability
HWA AG plans hydrogen racing series in connection with E-Sports

18.08.2020 / 11:36
The issuer is solely responsible for the content of this announcement.


HWA AG plans hydrogen racing series in connection with E-Sports

Affalterbach, August 18, 2020 - With HYRAZE League, HWA AG is planning an innovative and revolutionary automobile racing series for the motor sports of the future. The concept of the new racing series is based on a future-oriented technology platform, with the goal of introducing hydrogen racing vehicles from the year 2023. The future technologies used make HYRAZE a climate-friendly and sustainable racing series. Shaping the mobility of the future is currently one of the biggest challenges for the economy and industry. A similar change is also imminent for motor sports. In order to implement the project, several strong partners have come together to develop a completely new concept and to reposition parts of motor sports in line with the spirit of the times. HYRAZE League is to be the world's first automobile racing series to rely on environmentally friendly produced hydrogen as an energy source. The result will be an almost emission-free, safe and sustainable form of motorsport, which at the same time offers entertainment at the cutting edge.

Thanks to state-of-the-art technology, action-packed motorsport, resource conservation and safety are not contradictory in the HYRAZE League. The races are held with 800 hp hydrogen cars. The energy for the emission-free drive is supplied by green hydrogen, which is converted into electricity for the 4 electric motors in the two fuel cells of the racing cars. The new technology also has a significant advantage for the racing drivers: thanks to the energy concept optimized for sprint races, they can use the full performance of the vehicle without restrictions over the entire race distance. Thanks to the possibility of filling the two tanks quickly during a race - a fundamental advantage that hydrogen technology offers compared to purely battery electric vehicles - the races can be extended at any time, even over long distances.

The founding partners of this project include ADAC e.V., DEKRA SE, DMSB e.V., Schaeffler AG and WESA, as well as HWA AG. The overall concept and essential components of the vehicle are developed by HWA AG.

HYRAZE League will also break new ground in the sportive mode: Racers, sim racers and spectators can look forward to an innovative format that combines real and virtual racing in one series for the first time. The innovative combination of real racing events and e-sports takes into account the digital change in society. The teams have two drivers for each car - one for the real races and one who takes part in the e-sport events, which also count as part of the championship. The results of both races are equally divided in the championship standings, so that in the end one team is declared the overall winner of both disciplines - an absolute novelty in motorsport. The e-sports association WESA (World eSports Association) is a series partner and plays a decisive role in the development of the general conditions in the virtual environment in order to raise the HYRAZE League Sim competitions to the absolute top level of e-sports. Rules and regulations, arbitration and the fair integration of teams and gamers are WESA's core competencies in the world of electronic games.

"In order to find broad acceptance in society, motor sport must become lower-emission, more sustainable and more cost-effective. We want to use our experience as a vehicle developer and racing team to bring an innovative racing series to the start with the HYRAZE League, which fulfils exactly these requirements. We are pleased that we were able to gain experienced partners to support us in the implementation of the project at this early stage. HYRAZE will offer the best entertainment and, by integrating e-sports, will get the young target groups excited about motor sports again. For us and our partners it is also very important that a technology transfer towards series production takes place. Motor sports can once again take a pioneering role in the development of road vehicles in the field of hydrogen technology and zero emissions", says Ulrich Fritz, CEO of HWA AG.

Finally, by using state-of-the-art technology in all areas, HYRAZE provides important impulses for technology transfer and is thus the optimal development platform for the mobility of the future. Future-oriented drive systems, resource-saving automobile production and extreme safety represent a development boost for series production.


Contact

Investor Relations/Presse
HWA AG
Marc Schimmelpfennig
Benzstraße 8
71563 Affalterbach
Phone: + 49/ (0) 7144/ 8717- 279
Fax: + 49/ (0) 7144/ 8718- 111
[email protected]
www.hwaag.com

 

About HWA AG

HWA AG is an independent, 360 engineering specialist in the fields of automobile racing and high-performance cars. Formed in 1998 by Hans Werner Aufrecht, the company is based in Affalterbach (Germany) and employs around 300 highly-qualified members of staff. HWA AG offers all its products and services under the corporate slogan ENGINEERING SPEED: The company's objective is to develop the best possible high-quality solutions, in order to get its partners and customers to their destination quicker. The portfolio of services ranges from designing all vehicle components to assembling complete cars, together with the relevant logistics, after-sales and support services.



18.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: HWA AG
Benzstraße 8
71563 Affalterbach
Germany
Phone: +49 (0)7144 87 17-279
Fax: +49 (0)7144 87 18-111
E-mail: [email protected]
Internet: http://www.hwaag.com
ISIN: DE000A0LR4P1
WKN: A0LR4P
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1119973

 
End of News DGAP News Service

1119973  18.08.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 97,45 96,26 101,24 113,62 65,57 56,00 0,00
EBITDA1,2 3,23 4,70 7,51 -2,23 -7,59 4,50 0,00
EBITDA-Marge3 3,31 4,88 7,42 -1,96 -11,58 8,04 0,00
EBIT1,4 0,18 1,85 5,26 -8,89 -10,62 1,00 0,00
EBIT-Marge5 0,18 1,92 5,20 -7,82 -16,20 1,79 0,00
Jahresüberschuss1 -0,28 0,54 3,39 -8,29 -11,36 -0,18 0,00
Netto-Marge6 -0,29 0,56 3,35 -7,30 -17,32 -0,32 0,00
Cashflow1,7 -2,23 -4,98 1,00 -3,74 -2,52 1,20 0,00
Ergebnis je Aktie8 -0,06 0,10 0,60 -1,47 -1,90 -0,14 0,39
Dividende8 0,00 0,00 0,37 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Treuhand Südwest

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INVESTOR-INFORMATIONEN
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HWA
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0LR4P 8,250 49,43
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
14,73 21,88 0,67 -165,00
KBV KCV KUV EV/EBITDA
2,89 - 0,75 -9,92
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,00 0,00 0,00 23.06.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
27.10.2021 17.05.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-1,80% -4,13% 0,61% -7,30%
    
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