Periodic Reporting for period 1 - SPECTO Bowling (SPECTO Bowling® 2.0: Advanced Measurement and Analysis of Bowling Performance)
Reporting period: 2018-02-01 to 2018-05-31
In the last 4 months, as we worked with the technical & commercial development of SPECTO Bowling® 2.0 and gathered feedback from different stakeholders in the sports industry, we discovered the opportunity for expansion which lead to validation of our technology in Curling and Biathlon sports followed by huge market potential and commercial validation in Track & Field sports. Accordingly, we have redefined our technical development & commercial strategy with focus on Track and Field- SPECTO Athletics.
As a result of market analysis, we identified Track and Field as the primary market of €17 billion to focus for Ph2 application, and the corresponding business model as a combination of licensing through Technology providers & distributors and mobile app monetization with sports fans. We have signed agreements with well-established venues, broadcasters, result providers and athletic associations to exhibit and demonstrate the functionality of our SPECTO Athletics technology.