On the eve of the Iowa Corn 300 at Iowa Speedway this weekend, the Verizon IndyCar Series announced on Friday a new multi-year extension to their longstanding agreement with transmission supplier Xtrac.

Vice President of Xtrac Andrew Heard commented by saying:

Working with INDYCAR since the 2000 season, when Xtrac were first awarded the sole gearbox supply contract, has been an extremely rewarding time for us. “We are now on the third design of gearbox and each one has been developed to help increase reliability and safety. Having the contract extended gives us the confidence to keep investing in our support of this fantastic open-wheel race series.

“In May of this year, we increased the size of our support facility in Indianapolis by nearly 100 percent, which will allow us to help the Verizon IndyCar Series to continue to flourish in the coming years.

Xtrac will, under the new agreement continue to the provide the Verizon IndyCar Series championship award and the award for the Indianapolis 500 winner. Speaking about the contract extension, President of Competition and Operations with the Verizon IndyCar Series, Jay Frye commented by saying:

INDYCAR appreciates the contribution Xtrac has made to the sport and looks forward to this extended partnership. “Commitments from companies like Xtrac are crucial to the fabric of the Verizon IndyCar Series.

Xtrac Managing Director Adrian Moore commented on the new agreement by saying:

I’m honored on behalf of everyone at Xtrac for INDYCAR to have recognized our longstanding partnership with this contract extension. “Such is the importance to Xtrac of our presence in Indianapolis, I was proud to open our expanded facility during the month of May. We’ve had fantastic support from both INDYCAR and the city of Indianapolis itself. It’s the perfect location for our U.S. facility and I look forward to us growing further with the city and INDYCAR.

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