The Mild Seven Renault F1 Team has announced the signature of a partnership agreement with Chronotech, the leading brand of the Global Watch Industries group. In combination with the consolidation of the team’s supplier base through new agreements with Tecnomatix and Champion, the team enters the 2005 season in robust commercial health.
“It is a pleasure to welcome Chronotech on-board in time for our official launch of the 2005 season,” commented Managing Director Flavio Briatore. “This is a young brand which combines a spirit of flair and creativity with the cutting-edge technology of watchmaking, and these qualities chime perfectly with the character of the Renault F1 Team.
“We have established a dynamic record of on-track performance over the past three seasons, and this is reflected in a broad range of loyal partners. The addition of Chronotech further strengthens the team as we strive to achieve our goals of challenging for the world championship in the years ahead.”
The winter has also seen the team consolidate its base of official technical suppliers, having reached agreements with Tecnomatix (UK) and Champion (a division of Federal Mogul, USA). Tecnomatix will supply the team with software inspection solutions to further enhance the efficiency of the extensive in-house manufacturing operations required during the design and development process, while Champion (a division of Federal Mogul, USA) will extend its historic supply of sparking plugs that dates back nearly thirty years to Renault’s victorious Le Mans 24 Hours endurance racing programme of the mid-1970s.
“With the current focus on cost-cutting in Formula One,” concluded Flavio Briatore, “it is important to stress that we must not only find ways to limit spending, but also guarantee our revenues. At the Renault F1 Team, we pride ourselves not only on our performance, but also on offering value to money to the companies who invest in our success. We are pleased to welcome our new suppliers to the team, and look forward to their contribution to our successes in the 2005 season and beyond.”
Chronotech is the leading brand of the Global Watch Industries group. Chronotech watches are born from a philosophy that fuses product innovation, cutting-edge design and a dynamic, fashionable image. In addition to commercial success in Italy, their watches are distributed internationally in Europe, the Middle East, Japan and the USA. .chronotech.com
Tecnomatix Technologies Ltd. is the driving force in Manufacturing Process Management (MPM), helping global companies improve manufacturing processes – cutting costs, increasing quality and accelerating time-to-market. Tecnomatix went public in 1993 and today has a network of subsidiary offices in over 20 countries, and more than a dozen distributors around the world. .tecnomatix.com
The world’s favourite sparkplug, Champion spark plugs from Federal-Mogul represent the world’s most complete line of standard and premium plugs. Champion is specified as original equipment by more engine manufacturers than any other plug in the world, and has worked with Renault in Formula One since 1976. The two companies have collaborated on spark plug technology for many Formula One innovations, from the turbo engine to the wide-angle V10. championsparkplugs.com
