Lincoln Tech Extends Sponsorship of Schmidt Peterson Motorsports for 2018

WEST ORANGE, N.J., March 20, 2018 /PRNewswire/ -- Lincoln Educational Services Corporation (NASDAQ: LINC), a national leader in specialized automotive training, announced today that it will once again serve as an associate sponsor of Schmidt Peterson Motorsports (SPM) for the 2018 season.  Following last year's inaugural sponsorship season, Lincoln Tech is excited to give more students from its auto and diesel training programs the chance to be part of the pit crew for the No. 5 Arrow Electronics Honda and driver James Hinchcliffe.

"We said at the beginning of last season that we knew our students would benefit and learn from the professionalism and drive of the Schmidt Peterson Motorsports team," says Lincoln Tech President and CEO Scott Shaw.  "But the experience they received working with the entire pit crew team and in particular crew member Cole Jagger – a Lincoln Tech graduate himself – went beyond even our own expectations.  We were grateful for the time they spent mentoring our students, and we are thrilled to once again be part of the racing legacy of team owners Sam Schmidt and Ric Peterson."

In 2017, Lincoln Tech student Tyler Crist of the Denver campus was selected as the first of six students from Lincoln's automotive campuses to participate in the program.  He joined Hinchcliffe's team for the Verizon IndyCar Series race in Long Beach, CA, and was in the pit to see the No. 5 Honda take first place.

"It was the best weekend of my life," Crist said after the event.  "It reminded me of why I joined this field in the first place and to never give up on my dreams."

Through the Mentor Program, selected Lincoln Tech students are given the opportunity to be a part of the pit crew for a weekend-long event at races across the country.  They receive full pit and garage access, have the opportunity to meet James Hinchcliffe, take part in team meetings and be a part of the team during the entire race weekend. Lincoln Tech campuses nominate deserving students based on the student's GPA, attendance, conduct and their overall commitment to becoming outstanding automotive technicians.  This year, students from Lincoln campuses will be selected for five different races throughout the season.

A new component of the 2018 sponsorship agreement is the opportunity for Cole Jagger – a graduate of Lincoln Tech'sIndianapolis campus – to provide pre- and post-race video commentary discussing different aspects in preparing Hinchcliffe's car for race day, and the adjustments made during the race itself.  Videos will be made available via Lincoln Tech's website and social media channels. Additionally, Lincoln Tech has aligned their CNC computerized machining and manufacturing students with Indianapolis-based SPM to assist with creating parts for the race team.

We're thrilled to welcome back Lincoln Tech as a partner of SPM for another year," commented Jon Flack, President of Schmidt Peterson Motorsports. "Through this unique partnership, we're able to hopefully find the next class of talent that could one day be part of our organization. We're looking forward to another year of the mentorship program and having their students be 'boots on the ground' gaining real-life experience with our team."

About Lincoln Educational Services Corporation

Lincoln Educational Services Corporation is a leading provider of diversified career-oriented post-secondary education. Lincoln offers recent high school graduates and working adults career-oriented programs in five principal areas of study: automotive technology, health sciences, skilled trades, information technology, and hospitality services. Lincoln has provided the workforce with skilled technicians since its inception in 1946.  Lincoln currently operates 23 campuses in 14 states under four brands: Lincoln Technical Institute, Lincoln College of Technology, Euphoria Institute of Beauty Arts and Sciences, and Lincoln College of New England.  Lincoln also operates Lincoln Culinary Institute in Connecticut.

About Schmidt Peterson Motorsports
Established in 2001 and owned by former IndyCar driver Sam Schmidt and Canadian businessman Ric Peterson, Schmidt Peterson Motorsports (SPM) currently competes in the Verizon IndyCar Series. With a storied history in the Indy Lights presented by Cooper Tires series with over 70 wins, over 70 pole positions and seven championship wins, the Indianapolis-based team has also found success in IndyCar with five wins, two Indianapolis 500 pole positions and five poles claimed overall, as well as three top-five finishes in the championship points standings. For more information, please visit spmindycar.com.

Contact Information
Lincoln Educational Services Corporation
Peter Tahinos
(973) 736-9340 x49233
ptahinos@lincolntech.edu

Media Inquiries for Schmidt Peterson Motorsports
Veronica Knowlton
(317) 341-3488
veronicak@spmindycar.com

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SOURCE Lincoln Educational Services Corporation