WilliamsF1 loses HP sponsorship


HP

By Andrew Hooper
September 14 2005

It has been confirmed that the computer companu HP will cease their sponsorship of the WilliamsF1 team at the end of the 2005 Formula One season. Despite this set back the team is confident of replacing HP's sponsorship. Both HP and WilliamsF1 praised the relationship between the two companies.

 
WilliamsF1 loses HP sponsorship
 

It has been confirmed that Hewlett-Packard (HP) will end their sponsorship of the WilliamsF1 team at the end of the season.

HP LogoIn a statement Cathy Lyons, HP's executive vice-president and chief marketing officer said: “This has been a successful global branding property and an excellent technology partnership for HP. We have met our objectives and it is a natural moment for HP to conclude our relationship. We wish them all the best as they go in a new direction next season.”

As for the teams prospects of replacing HP spokesman from the team said that they are confident of replacing HP.

Sir Frank Williams, principal of the BMW WilliamsF1 Team, spoke of the departure of HP. He said: “HP has made an important contribution to the team over the last six years, in particular establishing a technology base and IT approach for us which we believe has put us at the forefront of F1 teams in this respect.”

 

 
 
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