KLEIN TOOLS SIGNS MULTI-YEAR SPONSORSHIP DEAL WITH ANDRETTI
INDIANAPOLIS, Ind. (Sept. 8, 2004) - Andretti Green Racing (AGR) announced
today it has signed a multi-year contract agreement with Klein Tools, Inc. to continue in its
role as a co-major sponsor of the #26 Honda-powered Dallara driven by Indy Racing
League® IndyCar® Series driver Dan Wheldon.
The agreement calls for Klein Tools to retain its prominent position on the #26 entry
as a co-major sponsor. Klein Tools became a co-major sponsor at the start of the 2003
IndyCar Series season, which coincided with Andretti Green's formation and entry into the
Indy Racing League.
"Klein Tools has been an important piece of the foundation of Andretti Green Racing
and is sure to be a big part of our success for a long time," said Michael Andretti, who
owns Andretti Green Racing along with Kim Green and Kevin Savoree. "As an industry
leader, Klein Tools stays focused on producing world-class products and refuses to settle
for anything but being the best. We share those same ideals at Andretti Green Racing, and
that makes Klein Tools a great partner for us. Its relationship with the nucleus of our team
goes back more than a decade and those types of relationships are invaluable."
Klein Tools has been involved in motorsports since 1994 when it became an
associate sponsor of driver Jacques Villeneuve and Forsythe-Green Racing. Villeneuve
went on to win the 1995 Indianapolis 500 and also a CART championship that season with
the Klein Tools logo emblazoned on the side of the car's cockpit. Klein Tools continued as
a sponsor of Team Green through 2002 and then moved into the role of co-major sponsor
with Jim Beam in 2003 on Wheldon's car while continuing at the associate sponsor level
on the other Andretti Green Racing machines.
"Klein Tools and our employees are extremely excited to be able to continue our
relationship with Andretti Green Racing," said Richard T. Klein, Jr., chairman and CEO of
Klein Tools, Inc. "In striving to manufacture the world's finest professional-grade hand
tools, we feel that our partnership with Andretti Green Racing presents us with first-hand
opportunities to be on the cutting edge of auto racing equipment and technology. This
partnership continues to strengthen our reputation as world-class producers of hand tools
and protective equipment."
Based in Chicago, Klein Tools is a family-owned and operated company which has
been in business since 1857, designing, developing, producing and marketing worldwide
quality tools and protective equipment to meet the demanding needs of trade professionals
who earn a living with their tools. The company, which initially grew as the premier plier
manufacturer for the telecommunications and electrical industries, offers hand tools used
in construction, electronics, mining, maintenance, electrical, communications, aviation,
Klein Tools Signs Multi-Year Sponsorship Deal with Andretti Green, page 2
security, audio/video and other related fields. Klein Tools, which employs approximately
1,000 people nationwide, began its motorsports association to support the marketing
efforts of the company and its distributorships in key markets. The association has
continuously flourished, resulting in an overall increase in exposure for Klein Tools both
domestically and internationally.
Klein Tools' motorsports sponsorship has also led to the development of products
specifically designed for the motor racing industry including protective wheel gun covers
now used by Indy Racing League teams and select professional sports car teams.
In addition to its on-track efforts, Klein Tools can also be seen in the skies at select
IRL events. The Klein Tools Airshow, featuring stunt pilot Michael Mancuso, pushes the
Klein Tools Extra 300L aerobatics aircraft to extraordinary feats during pre-race shows.
Andretti Green Racing, which was founded in December 2002, fields a league-high
four entries in the IndyCar Series, all of which are powered by Honda engines. Along with
Wheldon, AGR features drivers Dario Franchitti of Scotland, Tony Kanaan of Brazil, and
Californian Bryan Herta. The four drivers have combined to score five poles, eight wins, 25
top fives, 39 top 10s and have led more than 59 percent of the laps run in 2004.