Racing Point has revealed BWT will be its official title sponsor for the 2020 season at the launch of the RP20 in Austria.

The Silverstone-based outfit is entering its final season under the Racing Point banner before it is renamed Aston Martin Racing from 2021, following co-owner Lawrence Stroll’s investment in the company.

Water technology firm BWT has been a prime sponsor of the team since 2017, a deal which resulted in a revised pink colour scheme, making it one of the most distinctive liveries on the grid.

Betting brand SportPesa was formally Racing Point’s title sponsor but it was confirmed the multi-year contract agreed last year had been terminated.

As a result of this expanded partnership, BWT’s branding will feature more prominently on the car for this year. The team’s 2020 challenger was unveiled in the Austrian town of Mondsee where BWT is based.

Commenting on the expansion of its renewed relationship with BWT, Racing Point CEO and team principal Otmar Szafnaeur said: “Since 2017, we have thoroughly enjoyed building a successful partnership with BWT and we’re delighted to be celebrating our fourth year together by welcoming them as our title partner.

“This expanded collaboration truly reflects the loyalty, commitment and energy that they bring to the Racing Point family.

“I’m pleased we could launch our season here in Mondsee at the home of BWT and shine a spotlight on the valuable work being done by BWT to drive sustainability.

“We have enjoyed many memorable moments both on and off track already and we now look forward to adding more in the 2020 season.”

Racing Point retains its driver line-up of Sergio Perez and Lance Stroll, son of Lawrence, who moved across from Williams last season.

Perez, who joined the team in 2014 then known as Force India, penned a three-year contract late last year to remain until the end of 2022.

It is aiming to build on a seventh-placed finish from 2019, which was its first full year after being saved from administration by Stroll in mid-2018.