NEW HAVEN, Conn. -- The Pilot Pen Corporation announced Tuesday that it is pulling out of its sponsorship of the Pilot Pen Tennis Tournament.

The corporation said it will no longer sponsor the annual tennis tournament in New Haven, beginning in 2011.

There is now a search for a new sponsor for the event.

The Pilot Pen Corporation has held the event for 15 years.

The tennis tournament, which occurs in August, is a combined men's and women's tournament that draws players from around the world.