MOORESVILLE, N.C. – Team Penske and Tungaloy have announced an extension of their sponsorship agreement for 2018 and beyond.
As part of the multi-year agreement, Tungaloy, a manufacturers of carbide cutting tools, friction materials, wear resistant items and civil engineering products, will continue as a team sponsor, while also providing production technology assistance.
Tungaloy’s diverse range of products, including indexable inserts and steel products, are all based upon Tungaloy’s expertise in powder metallurgy. Tungaloy provides customers with products that serve as industry benchmarks which improve customer’s productivity and cycle time to help reduce overall costs and increase profitability.
“As one of the world’s leading production technology companies, Tungaloy provides an insightful approach that helps enhance Team Penske’s performance level,” said team owner Roger Penske. “It takes premier partners to help Team Penske win at the highest levels of racing. We are excited to have Tungaloy back with our team this season and into the future.”
Under the new agreement, Tungaloy will look to maximize its marketing opportunities through increased branding rights and enhanced event access provided by Team Penske.
Tungaloy will also increase its precision tooling equipment and technical expertise to further enhance the partnership between the two organizations.
“Tungaloy is looking forward to building on our partnership with Team Penske,” said Tungaloy President Russell Flood. “The organization ranks among the best and the most successful race teams in the world, in any form of motorsports. Team Penske also shares our core values and they know what it takes to be the best.”
CREDIT: Team Penske