LEEDS, ALABAMA--(Marketwire - March 30, 2012) - KV Racing Technology is pleased to announce that PowerOne Capital Markets Limited ("PowerOne") and Delavaco Capital Inc. ("Delavaco") have joined the team as sponsors for the 2012 IZOD IndyCar Series season.
PowerOne and Delavaco will be represented on the Tony Kanaan No. 11 GEICO | MOUSER ELECTRONICS - KV Racing Technology Chevrolet/Firestone car.
"I am very excited to announce that PowerOne and Delavaco have joined KV Racing Technology as sponsors of Tony Kanaan's car during the 2012 IZOD IndyCar Series season," said KVRT General Manager Mark Johnson. "Both are outstanding companies and we are honored to have them join our team. We look forward to a successful season with PowerOne and Delavaco on board."
"We are excited to be associated with legendary driver Tony Kanaan. Tony is a true competitor and an ambassador of motor car racing at the highest level. We are extremely proud to support Tony and his team and are very excited for the upcoming IZOD IndyCar season," said Pat Dicapo, Managing Director of PowerOne.
"Delavaco has been involved in sponsoring racing's fastest rising stars at various levels of the sport for the last five years, in both North America and Europe, from Karting to F1 feeder series GP3 and World Series by Renault. Tony Kanaan and his KV Racing Technology team are Indy Car royalty and their achievements and goals in racing are aligned with those of Delavaco's in business. It's for these reasons that Delavaco is proud to partner with TK and KVRT for 2012 IZOD Indy Car season," said Andy Defrancesco, Chairman and CEO of Delavaco.
"It is fantastic to have companies like PowerOne and Delavaco support us during the 2012 IZOD IndyCar Series season," Kanaan said. "I have a personal relationship with the principals of both companies and am looking forward to representing them at the highest level of motorsports in the Americas."
Kanaan, 37, the 2004 IndyCar Series champion and perennial championship contender has 14 IndyCar wins (15 career) with 52 podiums (58 career), 85 top-five showings (101 career) and 111 top-10 performances (159 career) in 149 IndyCar starts (242 career). Kanaan, who holds the IndyCar Series record for consecutive starts at 148, has finished in the top-six in championship every year he has run the full IndyCar season, a total of nine consecutive years. He finished in the fifth in the championship race last year with 367 points, the highest in KVRT team history.
PowerOne Capital Markets Limited is a fully integrated merchant bank dedicated to financing and providing advisory services to the natural resource sector globally. PowerOne and its principals have a depth of experience in representing, advising, and assisting small to medium cap companies in accessing capital, advising on mergers and acquisitions and managing emerging growth businesses. Since its inception in 2003, PowerOne has completed over 250 finance and advisory transactions, valued in excess of CDN $1.75 billion, for natural resource exploration and development. For more information about PowerOne visit: www.poweronecapital.com.
About Delavaco Capital Inc.:
Delavaco Capital Inc. is a private equity firm focused on investments in the natural resource, real estate, infrastructure, retail, and franchising sectors. Delavaco's objective is to combine access to capital, industry expertise, and extensive capital markets experience to create significant value in its investment portfolio. Delavaco has a strong track record of forming and actively managing early stage enterprises and developing them into strong public companies with a solid management and financial foundation. Delavaco is headquartered in Fort Lauderdale, Florida with offices in Toronto, Ontario and Bogota, Colombia, and has funded, jointly funded or arranged funding in excess of $800 million over the past three years.
About KV Racing Technology:
KV Racing Technology was founded in January 2003 and joined the IndyCar Series in 2008. The Indianapolis based team is owned by successful venture capitalist Kevin Kalkhoven and 1996 CART IndyCar World Series Champion Jimmy Vasser. Veteran Motorsports manager, Mark Johnson is the team's General Manager. Johnson is assisted by Team Manager Tom Wurtz, Technical Director Eric Cowdin and Operations Manager Steve Moore.
For more information about KVRT-SH visit: www.kvracingtechnology.com or follow us on Twitter: www.twitter.com/kvracing and Facebook: www.facebook.com/kvracingtechnology.