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Pirelli has reiterated that it is happy to continue as Formula 1's sole tyre supplier for the foreseeable future, so long as the terms are 'acceptable and convenient'.
Marco Tronchetti, the Italian tyre manufacturer's Managing Director, explained during a pre-season press conference on Wednesday that the agreement in place is 'a win-win co-operation' and hopes a new deal can be reached in the near future.
"The teams are satisfied, so we feel that the partnership we have with F1 is a successful one," said Tronchetti. "It's a win-win co-operation, that’s why I’m confident we will have a new agreement next year.
"We are ready to continue the adventure. If the conditions are acceptable and convenient, then we are ready. The show has been good for the viewers and we did our job helping to make the show more fun for people. So I hope an agreement will be reached."
Pirelli returned to F1 ahead of the 2011 season, following Bridgestone's departure. The company also supplies tyres to the sport's feeder categories, GP2 and GP3.
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