PVAXX Research & Development Ltd is a Bermuda-based material science and technology group operating in a wide range of llogistical, household and recreational product fields providing a combination of advanced proprietary manufacturing and materials technologies with next-generation environmental responsibility. Founded by Henry Stevens. Current market estimate $30bn. Registered in Hamilton, Bermuda.
The company became Renault F1 team secondary sponsor 1. The multi-year partnership will begin in the second quarter of 2007. Though the agreement includes PVAXX branding for the Renault F1 R26 race-cars for the final races of the 2006 season. The PVAXX logo will feature on the side of the nose and on the drivers’ helmets, beginning at the 2006 Chinese Grand Prix.
The company have a conjunction with Warwick Manufacturing Group 2.