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Home Formula 1

Business: Formula One extends its partnership with Lenovo

September 8, 2024
in Formula 1
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Business: Formula One extends its partnership with Lenovo


By Balazs Szabo on 08 Sep 2024, 10:12

System 1 has introduced the extension of its contract with Lenovo, which can see the know-how large elevated to a International Associate in a multi-year renewal ranging from the start of 2025.

Beneath the settlement, Lenovo will function the title sponsor for 2 races per season and Lenovo and Motorola may have elevated trackside branding at occasions. As a part of the brand new deal, the game has additionally confirmed that Motorola, a subsidiary of Lenovo Group, will turn into International Smartphone Associate of F1.

The Chinese language multinational know-how firm will proceed to supply F1 with state-of-the-art know-how gadgets, options and companies to assist the supply of Grands Prix at observe and remotely.

Lenovo joined forces with System One in 2022, turning into the game’s Official Associate. The corporate has been supporting System 1 in its supply of its broadcast product, offering laptops, workstations, desktop computer systems and displays, in addition to tablets and Motorola smartphones.

Moreover, Lenovo’s Asset Restoration Service helps F1’s wider sustainability technique, alongside its efforts to cut back emissions and attain Internet Zero by 2030. Lenovo’s Asset Restoration Service helps be sure that retired computing {hardware} is recycled in a socially and environmentally acutely aware method. Because the starting of the partnership, F1 has sustainably disposed 95% of out of date {hardware}, which finally helps to cut back prices and mitigate safety dangers by dependable knowledge destruction with enhanced safety.

F1’s CEO and President, Stefano Domenicali commented: ā€œI’m delighted that Lenovo will turn into a International Associate of System 1. Since becoming a member of the game, Lenovo’s creativity and keenness for know-how and innovation have supported F1’s ambitions to create extra once- in-a-lifetime moments for followers.

“Right this moment marks a brand new chapter in a partnership that may solely proceed to develop from energy to energy. I stay up for persevering with our work with Lenovo and utilizing our shared dedication to precision, innovation, and sustainability to make sure F1 stays the world’s most technologically superior sport for years to return.ā€

Yang Yuanqing, Chairman & CEO of Lenovo, stated: “We’re thrilled to raise our partnership to the following stage turning into a International Associate of System 1. Our imaginative and prescient at Lenovo is to harness the ability of AI to create a better, extra inclusive, and sustainable world, accessible to everybody.

“By way of our groundbreaking partnerships, just like the one with System 1, we’re pushing the boundaries of innovation and efficiency. Collectively, we’re not simply shaping the way forward for know-how and motorsport, however we’re additionally making certain that cutting-edge technological developments profit all, creating unforgettable experiences irrespective of the place they’re on the planet.”

Commenting on the announcement, Lenovo’s President of Clever Units Group Luca Rossi stated: ā€œAfter we launched into our journey with F1 three years in the past, we knew they had been the correct companion for Lenovo as our model values seamlessly aligned for a better, quicker, and extra sustainable future.

“Seeing our high- efficiency know-how applied throughout each stage of the F1 group fills us with pleasure, and our shut collaboration collectively has simply begun. We stay up for taking our partnership to newer heights and proceed having Lenovo’s AI-ready {hardware}, in addition to our options and companies, rework and profit the fan expertise worldwide.ā€

F1earlier



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Tags: BusinessextendsFormulaLenovopartnership
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