Pirelli is to continue as the sole tyre supplier to all 13 of the GP2 teams, after successfully concluding negotiations to extend its existing supply contract with the feeder series.

As part of the multi-year deal, Pirelli will also continue to supply tyres to the European-based GP3 championship as well.

"I am very happy to have renewed our deal with Pirelli for the forthcoming seasons," said Bruno Michel, the CEO of both GP2 and GP3. "It is great working with Pirelli: they are very reactive and understanding of what needs to be provided in order to make our categories extremely competitive."

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While Pirelli's exclusive deal with the FIA to provide tyres to F1 teams has been strained at times this year, there have been no such tensions in the two support series. Pirelli originally signed to supply tyres to GP3 for its maiden season in 2010 and the following year also started to supply GP2 teams.

"Our relationship, which started when we launched GP3 in 2010, has always been strong and healthy," Michel said. "It was then natural to choose them for GP2 Series since they also had become F1 sole supplier and it has always been our philosophy to use the same tyre supplier as F1's.

"For the past three seasons this partnership has provided some of the best races in our history," Michel added.

Pirelli Motorsport Director Paul Hembery said that the tyre manufacturer was delighted" to extend its association with GP2 and GP3.

"[They] have proved to be an effective ladder of opportunity for those wishing to compete at the top levels of motorsport," Hembery pointed out. "It is the perfect training ground and we've already witnessed several drivers progress up the ranks to compete in F1, which just goes to show how important these championships are.

"GP2 and GP3 also allow drivers to learn how to deal with important issues such as tyre management on some of the world's most challenging and famous race circuits," Hembery continued. "The competitive edge in both championships has been evident throughout the season with a record number of different race winners.

"Part of our philosophy at Pirelli has always been to cultivate the champions of the future, which is why our participation in GP2 and GP3 is so important to us," he added. "There is no doubt that GP2 and GP3 will continue to form an integral step in any racing career, and we look forward to continuing to work with some of the world's most promising drivers in the years to come."

The commercial terms of the new contract were not disclosed, and as is standard practice the exact duration of the extended arrangement was also not revealed other than confirming that it was for at least two years beyond the end of the current 2013 season.

Although not part of Wednesday's announcement, the extended deal with Pirelli for GP2 and GP3 suggests that formal confirmation that the company will also continue as exclusive suppliers of F1 tyres may not be far behind.