Garmin announced on Tuesday that they have extended their sponsorship of Garmin-Slipstream for a further three years.
The American team's manager Jonathan Vaughters said the deal, which will see Garmin remain as title sponsor until at least 2013, will allow the team to reach its long term goals.
"When Garmin first decided to partner with us, we said we believed that a new era of cycling was upon us," said Vaughters in a statement. "Today, with this significant extension, we can now say – the era is here."
The team notched up 29 victories this year, including three stage wins in the Tour of Spain. They also enjoyed success in the Tour de France, with Briton Bradley Wiggins finishing fourth overall. More recently, Wiggins took the overall classification in the Sun Tour in Australia.
Garmin, who produce global positioning systems (GPS), said that they had been pleased with the exposure the team had given the company since they began sponsorship prior to the 2008 Tour de France.