Formula One announced on Sunday morning ahead of the 2018 season finale Abu Dhabi Grand Prix at the Yas Marina circuit that Italian tyre manufacturer Pirelli will be the sports official tyre supplier through to 2023.

The new agreement starts in 2020 and speaking about the news, Formula One Chairman and CEO Chase Carey said:

“Pirelli have been an
important and valued partner to Formula 1® since 2011. They are leaders in
providing innovative state of the art capabilities. They are a premium brand, a
clear global leader in motorsport and our ongoing partnership with them is proof
once more of our desire to align F1 with the best in motorsport and beyond. We
are delighted to have reached this agreement, which guarantees a long-term
stable future for such a crucial component of Formula 1®”.

FIA President Jean Todt said:

“I am happy to have Pirelli appointed for another
period as official tyre supplier to the FIA Formula 1 World Championship. It will
allow all of us to enjoy the experience gained since 2011. We know how crucial
and difficult is the role of the tyre supplier and, particularly, in Formula 1”.

Marco Tronchetti Provero, Vice President and CEO of Pirelli commented by saying:

excellent news that Pirelli is prolonging its partnership with Formula One until
2023. This new agreement extends our presence to a total of 13 seasons in the
modern era, with Pirelli also present in 1950, when the World Championship was
inaugurated. Formula One is and will remain the pinnacle of motorised
competition: the perfect environment for Pirelli, which has always defined
motorsport as its most advanced technological research and development
laboratory. Formula One provides the perfect showcase for our Ultra High
Performance road car tyres, which equip the world’s most desirable prestige and
premium vehicles to guarantee the highest standards of performance,
sustainability and safety.”

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