PVAXX® joins Renault F1 Team
PVAXX® joins Renault F1 Team in global partnership
agreement.
The Renault F1 Team is delighted to announce that it has
concluded a multi-year partnership with PVAXX®. Signed
last week in London by team Managing Director Flavio Briatore
and PVAXX founder Henry Stevens, the agreement will provide
PVAXX with a dynamic global platform from which to promote
its worldwide product rollout, beginning in the second quarter
of 2007.
PVAXX is a material science and technology group operating
in a wide range of logistical, household and recreational
product fields. They are currently amalgamating the global
pallet manufacturing industry, a $30bn market that represents
a significant commercial opportunity for the world-class PVAXX
vision - a combination of advanced proprietary manufacturing
and materials technologies with next-generation environmental
responsibility.
The PVAXX vision encompasses a technological leap forward
that makes the company an ideal fit for the cutting-edge world
of Formula 1, where competitive advantage can be derived from
technological expertise, leading-edge production methods and
the forward thinking to move beyond traditional solutions.
The technology, team ethos and winning performance of the
Renault F1 Team made the reigning world champions the logical
choice for PVAXX. The two companies will collaborate closely
throughout 2007 and beyond to build the PVAXX brand, benefiting
from the unrivalled global platform offered by Formula 1 to
establish PVAXX at the forefront of their commercial field.
The first part of this programme will see PVAXX branding
appear on the Renault F1 R26 race-cars for the final races
of the 2006 season. The PVAXX logo will feature on the side
of the nose and on the drivers' helmets, beginning at the
2006 Chinese Grand Prix a key race in the team's World Championship
defence.
Renault F1 Team Managing Director Flavio Briatore commented:
"We are delighted to welcome PVAXX to our portfolio of
commercial partners, and to welcome them to the world of Formula
1. Renault F1 Team and PVAXX share the commitment to delivering
winning performance through world-class vision and working
practices. We look forward to a fruitful partnership in the
seasons ahead."
PVAXX founder Henry Stevens commented: "Our relationship
with the Renault F1 Team marks the start of an exciting era
for PVAXX and our partners. As a company PVAXX is all about
innovative design, forward thinking and using the very latest
technological advances to provide our clients with the best-performing
and most cost-effective products possible. The Renault F1
Team ethos and work ethic perfectly match the PVAXX company
values - this together with their outstanding performance
and strength over the past couple of seasons made Renault
the obvious choice when we made the decision to enter into
Formula One."
About PVAXX®:
PVAXX is a Bermuda-based material science and technology group
operating in a wide range of logistical, household and recreational
product fields providing a combination of advanced proprietary
manufacturing and materials technologies with next-generation
environmental responsibility.
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