Racing Point has today announced an expansion of its long-standing partnership with Austrian water technology specialist, BWT – Best Water Technology on a multi-year deal.
The team shocked the paddock with the introduction of pink as primary colour for the first time in an Formula 1 car in 2017. Building upon three successful seasons as Principal Sponsor, BWT and Racing Point have expanded their relationship so that the team will be known as “BWT Racing Point F1 Team”
Racing Point’s distinctive pink livery will remain with BWT branding featuring even more prominently on the team’s new car, the RP20.
SportPesa, Racing Point’s title sponsors last season, decided to leave the spot after financial difficulties in their home market of Kenya. The betting company has also cancelled their other sponsorship deals, including with Premier League club Everton, as a result of the problems.
Otmar Szafnauer, Racing Point CEO and Team Principal, however, has revealed that SportPesa are still in talks for a reduced partnership for 2020 and that both parties are still in good terms.
“Since 2017, we have thoroughly enjoyed building a successful partnership with BWT and we’re delighted to be celebrating our fourth year together by welcoming them as our Title Partner. This expanded collaboration truly reflects the loyalty, commitment and energy that they bring to the Racing Point family. I’m pleased we could launch our season here in Mondsee at the home of BWT and shine a spotlight on the valuable work being done by BWT to drive sustainability. We have enjoyed many memorable moments both on and off track already and we now look forward to adding more in the 2020 season.”Otmar Szafnauer, CEO & Team Principal, BWT Racing Point F1 Team
BWT has long been committed to the reduction of plastics through the adoption of reusable vessels and recyclable filters to reduce waste and pollution in the modern world.
With this objective more sharply in focus than ever before, BWT will continue to support the team in its push to achieve sustainability targets, including cutting down on single-use plastics, a plan that BWT has been keen on working with Formula 1, which are set to run a Grand Prix plastic bottle-free.
“Over the past three years we have brought our distinctive pink colour into Formula 1 and built a very strong relationship with Racing Point. We are committed to helping this team achieve its objectives and this is why we have chosen to increase our support by becoming title partner. Working together in this way we believe the team can be much more competitive on the track in 2020. We will also support the team’s push to become more sustainable. Together we will cut down the use of disposable bottles at the track, minimise plastic waste and facilitate the local treatment and consumption of water.”Andreas Weißenbacher, CEO of BWT
Source: BWT Racing Point F1 Team