CommScope Announces Official Partnership with MoneyGram Haas F1 Team

February 06, 2025 at 08:00 AM EST

As the Official Connectivity Partner, CommScope SYSTIMAX and RUCKUS wired and wireless network solutions will help power trackside, hospitality, and factory solutions for the MoneyGram Haas F1 Team

CommScope (NASDAQ: COMM), a global leader in network connectivity, announced today that it has entered a multi-year agreement to be the Official Connectivity Partner of the MoneyGram Haas F1 Team.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250206861846/en/

CommScope will provide critical race day network operations to meet the performance demands of the world-class racing team—including trackside car, garage, and pitwall connectivity. CommScope also will deliver a seamless, high-speed Wi-Fi® experience for VIP guests of the MoneyGram Haas F1 Team hospitality suite within the paddock and provide the network solutions to support the team’s factory operations around the world.

CommScope’s custom technology suite for the MoneyGram Haas F1 Team leverages its best-in-class solutions proven in the world’s most advanced broadband, enterprise and wireless networks. The suite features broadband fiber, SYSTIMAX® fiber and copper connectivity platforms, as well as RUCKUS® enterprise-grade wireless access solutions.

Ayao Komatsu, Team Principal of MoneyGram Haas F1 Team, commented, “It’s fantastic to welcome CommScope to the Team with this multi-year partnership. As our Official Connectivity Partner, CommScope will be essential to improving our operations trackside and across all of our facilities in USA and Europe through the use of their best-in class solutions. To have such an impressive organization backing the team is testament to the progress we continue to make both on track and commercially. The fact that we share a home in North Carolina makes this partnership even more special.”

“As the Official Connectivity Partner of the MoneyGram Haas F1 Team, CommScope is excited to showcase our leading network technology and expertise in one of the most complex and dynamic sporting environments on earth,” stated Chuck Treadway, President and CEO, CommScope. “In racing, every second counts, and network operations is one of the crucial threads that connects drivers, cars, teams, and technology to allow them to perform at the highest level. We are demonstrating our leadership in high-performance networks and redefining connectivity on a global stage to help winning teams.”

CommScope has a legacy of supporting sporting and esports events around the world, partnering with industry leaders to push the envelope of high-performance networking technology and investing in the teams and athletes who represent the future of the sport. For more information on CommScope’s sporting heritage and the network technology powering the MoneyGram Haas F1 Team, please visit the CommScope Sporting webpage.

CommScope and the CommScope logo are registered trademarks of CommScope and/or its affiliates in the U.S. and other countries. For additional trademark information see https://www.commscope.com/trademarks. Wi-Fi is a trademark of the Wi-Fi Alliance. All other product names, trademarks and registered trademarks are property of their respective owners.

About MoneyGram Haas Formula 1 Team

2025 sees MoneyGram Haas F1 Team celebrate its tenth season in the FIA Formula 1 World Championship. The first American Formula 1 team to compete in the sport since 1986, MoneyGram Haas F1 Team made an immediate impression with a memorable points-scoring debut at the 2016 Australian Grand Prix. Founded by industrialist Gene Haas – owner of Haas Automation, the largest CNC machine tool builder in North America with over 80 outlets globally – MoneyGram Haas F1 Team is headquartered in Kannapolis, North Carolina in the United States with additional operations in Banbury, England and Maranello, Italy. Technical partnerships with Scuderia Ferrari and Toyota GAZOO Racing further underline MoneyGram Haas F1 Team’s commitment to excellence within Formula 1. Domestically Gene Haas remains a stalwart of the American motorsport scene having started his own NASCAR team in 2002. A 2008 partnership with champion driver Tony Stewart led to the renamed Stewart-Haas Racing becoming a powerhouse operation winning two NASCAR Cup titles and two NASCAR Xfinity championships through to the end of the program in 2024. Haas’s personal dedication to NASCAR continues with the creation of Haas Factory Team for 2025 – running in both the Cup and Xfinity series.

Info – www.haasf1team.com

About CommScope

CommScope (NASDAQ: COMM) is pushing the boundaries of technology to create the world’s most advanced wired and wireless networks. Our global team of employees, innovators and technologists empower customers to anticipate what’s next and invent what’s possible. Discover more at www.commscope.com.

This press release includes forward-looking statements that are based on information currently available to management, management’s beliefs, as well as on a number of assumptions concerning future events. Forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, which could cause the actual results to differ materially from those currently expected. In providing forward-looking statements, the company does not intend, and is not undertaking any obligation or duty, to update these statements as a result of new information, future events or otherwise.

Source: CommScope