The “long-term strategic partnership” means the British team will now be known as the Aston Martin Aramco Cognizant Formula 1 Team.
The deal includes sponsorship rights, a license agreement and joint research and development of sustainable fuels, advanced lubricants and non-metallic materials in vehicles, according to a team statement.
Saudi oil giant Aramco already has an agreement with Formula 1, with its floor advertising visible in several races during the season.
“We are in sport to win, so I am delighted to welcome an incredible partner of the stature of Aramco, who I have learned from this process has a huge amount of intellectual property and technical ability, which which I know will go a long way towards helping our team achieve our goals of winning the Formula 1 World Championships,” said team owner Lawrence Stroll.
“Our historic partnership demonstrates the scale of our ambition to make our team a pioneering and winning force in Formula 1 and to showcase the durability and performance of Aramco’s products.”
Pit right detail including Aramco signage
Photo by: Steven Tee / Motorsport pictures
Aramco Senior Vice President Mohammed Al Qahtani added, “The partnership reflects Aramco’s efforts to reduce emissions in the global automotive and transportation industries.
“Our ambition is to supply premium fuels and lubricants to the global automotive industry, and our association with the Aston Martin team will help to raise awareness of our high quality products.
“It’s an alliance that leverages our shared commitment to engineering excellence and innovation, and has the potential to deliver winning results both on and off the track.”
Aston Martin will unveil its 2022 Formula 1 challenger on February 10 at the automaker’s headquarters in Gaydon.
The team finished seventh in the constructors’ championship in the 2021 Formula 1 season, falling three places from 2020, when it raced as Racing Point.
Aston Martin will retain an unchanged driver line-up this year with Sebastian Vettel and Lance Stroll.
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