Power Electronics, a Spanish manufacturer of electrical equipment based in Valencia, is to be the new sponsor of the Aspar team's MotoGP project, the team announced today. Spanish insurer Mapfre is to continue as the Moto2 sponsor, while Bankia, a Spanish bank, will fund the team's Moto3 effort. Below is the press release containing full details of the deal between the MotoGP team and Power Electronics:
POWER ELECTRONICS ASPAR TEAM
Today was the official announcement of the signing of an agreement between the multinational company Power Electronics and Jorge Martinez Aspar's team in an event that was attended by the company's president, Mr. Abelardo Salvo Babiloni and the vice-presidents Mr. Amadeo Salvo, Mr. Lalo Salvo and Mr. David Salvo, as well as Mr. Jorge Martínez Aspar, the general manager of the Aspar MotoGP team, and MotoGP pilot Aleix Espargaró.
In words of Mr. Amadeo Salvo, General Manager of Power Electronics, "it is an honor for us to sponsor and give our name to the Aspar Team in the MotoGP category. The negotiations went very well because at all times both sides were totally favorable to reach an agreement. The team and our company are on the same wavelength and the values for which we stand -technology, competitiveness, and globalization- are shared." "We realize the tremendous global impact of sponsoring the Aspar Team, now Power Electronics Aspar Team. We are convinced this alliance will dramatically enhance our global brand recognition. All we have to do now is work together, as we have always done, to continue our growth and expansion."
Jorge Martinez 'Aspar': "Today is a very important day for myself and the Aspar Team, because it has confirmed our new commitment to the future with a multinational company, which has long been at the forefront of technology. I am confident that, with the contribution of Power Electronics, we will put together a great season, and will reinforce our image internationally. If one of the best teams in the world, a reference in the World Championship, counts with the support of a multinational as Power Electronics, I think the success is guaranteed. I am delighted to be here today witnessing the union between Aspar Team and Power Electronics, and I want to thank all those whom made it possible. "
Aleix Espargaró: "We all know that Jorge Martinez 'Aspar' has made a titanic effort to ensure that all members of the Power Electronics Aspar Team embark on this all-new adventure. The category is new, so are the bikes, and it's a very inspiring project. Now with support given by Power Electronics it's going to be even more so. We are proud to compete under the name of two such powerful Valencian companies that have grown to be what they are now from a working philosophy. I am convinced that the blue color will bring us luck, and I am sure the connection between Power Electronics and Aspar Team will be synonymous of success. "
Power Electronics, leading manufacturer and distributor in the world of drives, softstarters and solar inverters, has 25 years of experience and has proven to be at the forefront of technological development. Thanks to its strong commitment to R&D it is now one of the leaders in its sector. This strategic alliance represents a strengthening of its commitment to sports and innovation, and will only reinforce Power Electronics' position on the global playingofield. The multinational Power Electronics is expanding worldwide and has subsidiaries in over 40 countries. It has chosen motorcycling as a "vehicle" for its global marketing strategy because it considers this sport is currently at its best and because the MotoGP class is broadcast worldwide by dozens of television channels to over 300 million homes.