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IPC extends with Ottobock, set to continue Allianz association

The International Paralympic Committee has extended its partnership with sports and medical equipment manufacturer Ottobock, while the body also looks set to renew its association with Allianz after the financial services company pledged its continued commitment to the Paralympic movement.

Ottobock will retain its position as a worldwide IPC partner until the Tokyo 2020 Games after agreeing a new four-year deal with the body.

The company will continue to provide technical services for equipment used by Paralympians. Ottobock became the first worldwide partner of the IPC in 2005 and has supported the Paralympics since the 1988 Games in Seoul.

Ottobock is the official prosthetic, orthotic and wheelchair technical service provider for the ongoing Rio 2016 Paralympics. The company's team has already completed over 1,000 repairs at the Games.

Meanwhile, Allianz has signed a letter of intent to continue its support of the Paralympic movement until Tokyo 2020.

Negotiations over a renewed partnership are set to take place following the Rio 2016 Games, which conclude on September 18.

Allianz currently serves as a second-tier international partner of the IPC alongside multinational oil and gas company BP, which last week signed a new four-year deal with the body.

Allianz became an international partner of the IPC in 2011.