Formula E - the world’s first fully-electric single-seater racing series - is pleased to confirm that it has joined forces with CBMM, who are joining as an Official Sponsor for a number of select events for the remainder of the 2016/17 FIA Formula E Championship.
The involvement of CBMM in Mexico City, Paris and the inaugural race in New York, highlights the launch of the Niobium Materials Technology Project which promotes downstream development work in the mobility sector for global manufacturers.
Formula E demonstrates the potential of sustainable mobility and is closely aligned with the Niobium Materials Technology Project’s aims to improve the performance, safety and cost profile of environmentally friendly transport. The sponsorship will specifically improve awareness of Niobium technology amongst the technical community and enable knowledge sharing about Niobium’s benefits in the areas of weight saving due to the use of high strength steels and vehicle electrification.
Commenting on the announcement, Marcos Stuart CTO of CBMM, said: “Our company has long supported development of new ideas and contributed to breakthrough technologies in several market segments such as aerospace and automotive. Electric vehicles are rapidly adopting some of the most advanced techniques to combine performance with safety, reliability and sustainability. We are proud to be involved in Formula E’s growth and supporting its long term aims.”
Commenting on the announcement, Founder & CEO of Formula E Alejandro Agag, said: “We are delighted to welcome CBMM to Formula E as part of the Niobium Materials Technology Project. Their involvement recognises the value which Formula E brings to the automotive industry of the future and underpins our ethos to promote development through sporting competition.”
Most car manufacturers already use Niobium in mass market vehicles in micro alloyed high strength steel. The sponsorship with Formula E will highlight how the company’s research over previous decades is able to transform the dynamics of future electric vehicles.