XPEL Joins Defending IndyCar Series Champion Newgarden and Team Penske
December 12 2019 - 11:00AM
Business Wire
New Team Sponsor Named “Official Protective
Film Partner of Team Penske”
Team Penske and XPEL, Inc. (NASDAQ: XPEL) a leading provider of
automotive paint protective film and window tint, today announced a
multi-year partnership. XPEL will be the primary sponsor of the No.
1 Dallara/Chevrolet driven by reigning and two-time NTT IndyCar
Series Champion Josef Newgarden for two races in 2020. XPEL will
also serve as the “Official Protective Film Partner of Team
Penske.”
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20191212005511/en/
For two races in 2020, XPEL, Inc. will be
the primary sponsor of the No. 1 Dallara/Chevrolet pictured here.
(Photo: Business Wire)
The partnership with Team Penske – the most successful team in
motorsports history – represents the first racing sponsorship for
the San Antonio, Texas-based company. Newgarden will race the No. 1
XPEL Dallara/Chevrolet in the INDYCAR Grand Prix on the
Indianapolis Motor Speedway road course on May 9 and in the Texas
Indy 600 at Texas Motor Speedway (TMS) on June 6. XPEL will build
on the partnership and become a primary sponsor for a third IndyCar
Series race with Team Penske in 2021 and beyond.
“We are excited to welcome XPEL to Team Penske in 2020,” said
Roger Penske. “Motorsports provides a great opportunity to build
the XPEL brand and we hope to build on a lot of
business-to-business opportunities with their group. We look
forward to delivering for XPEL both off and on the track as they
compete with Josef and the defending champion No. 1 Chevy team
starting next season.”
XPEL is a global company that offers high-quality products,
world-class customer support and a vast network of trained
installers. Through partnership with Team Penske, the company
expects to generate maximum brand recognition among core marketing
segments including dealers as well as consumers.
“We have thought about motorsports for quite a while, but we
wanted to make sure we partnered with the right team,” said XPEL
CEO Ryan Pape. “No one matches the success, class and integrity of
Roger Penske, Team Penske and Penske Automotive Group. We are
thrilled to be associated with Josef Newgarden as he is a proven
winner. He will have plenty of support from our network of
employees and dealers both at Texas and at Indianapolis.”
Since he joined Team Penske in 2017, Newgarden has captured two
of the last three IndyCar Series championships. The native of
Tennessee has produced 14 IndyCar Series victories in his career
and he is the defending race winner at Texas Motor Speedway.
“When you race for Team Penske you are certain of two things –
you will be in well-prepared cars with a chance to win every week
and you will get a chance to represent some outstanding partners,”
said Newgarden. “It is an honor to be the first race car driver to
represent XPEL and I’m excited about carrying their brand at two
fantastic venues next season. Partnerships are the lifeblood of our
sport and I can’t wait to get XPEL to Victory Lane.”
ABOUT XPEL
XPEL is a leading provider of protective films and coatings,
including automotive paint protection film, surface protection
film, automotive and commercial/residential window films, and
ceramic coatings. With a global footprint, a network of trained
installers and proprietary DAP software, XPEL is dedicated to
exceeding customer expectations by providing high-quality products,
leading customer service, expert technical support and world-class
training. XPEL, Inc. is publicly traded on Nasdaq under the symbol
“XPEL”. www.xpel.com
ABOUT TEAM PENSKE
Team Penske is one of the most successful teams in the history
of professional sports. Cars owned and prepared by Team Penske have
produced more than 540 major race wins, over 620 pole positions and
37 Championships across open-wheel, stock car and sports car racing
competition. Over the course of its 53-year history, the team has
also earned 18 Indianapolis 500 victories, two Daytona 500
Championships, a Formula 1 win, overall victories in the 24 Hours
of Daytona and the 12 Hours of Sebring, along with a win in
Australia’s legendary Bathurst 1000 race. Team Penske currently
competes in the NTT IndyCar Series, the NASCAR Cup Series, the
NASCAR Xfinity Series and the IMSA WeatherTech SportsCar
Championship. The team also races in the Virgin Australia Supercars
Championship, in a partnership with Dick Johnson Racing, as DJR
Team Penske. For more information about Team Penske, please visit
www.teampenske.com.
Safe harbor statement
This release includes forward-looking statements regarding XPEL,
Inc. and its business, which may include, but is not limited to,
anticipated use of proceeds from capital transactions, expansion
into new markets, and execution of the company's growth strategy.
Often, but not always, forward-looking statements can be identified
by the use of words such as "plans," "is expected," "expects,"
"scheduled," "intends," "contemplates," "anticipates," "believes,"
"proposes" or variations (including negative variations) of such
words and phrases, or state that certain actions, events or results
"may," "could," "would," "might" or "will" be taken, occur or be
achieved. Such statements are based on the current expectations of
the management of XPEL. The forward-looking events and
circumstances discussed in this release may not occur by certain
specified dates or at all and could differ materially as a result
of known and unknown risk factors and uncertainties affecting the
company, performance and acceptance of the company's products,
economic factors, competition, the equity markets generally and
many other factors beyond the control of XPEL. Although XPEL has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results to differ from those
anticipated, estimated or intended. No forward-looking statement
can be guaranteed. Except as required by applicable securities
laws, forward-looking statements speak only as of the date on which
they are made and XPEL undertakes no obligation to publicly update
or revise any forward-looking statement, whether as a result of new
information, future events, or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191212005511/en/
MEDIA: Jeremy Troiano jeremy.troiano@teampenske.com
704-726-6849
MEDIA: Robert Bezner rbezner@xpel.com 210-678-3745
XPEL (NASDAQ:XPEL)
Historical Stock Chart
From Aug 2024 to Sep 2024
XPEL (NASDAQ:XPEL)
Historical Stock Chart
From Sep 2023 to Sep 2024