Elan Motorsport Technologies Enjoys Winning Weekend On Three Continents

BRASELTON, Ga. (August 29, 2001) -- With two major race wins in the United States, two wins and a sweep of the top four positions in a European event, and two wins and a championship in Australia, Georgia-based Elan Motorsport Technologies Group enjoyed a three-continent winning weekend Aug. 25-26.

Elan Motorsport Technologies Group is a unique blend of motorsport companies brought together to achieve synergy and consolidated growth in the marketplace. The companies cover all areas from design and production of specialized components to complete racing cars.

The winning started in the United States on Saturday when the Panoz LMP-1 Roadster driven by David Brabham and Jan Magnussen won the inaugural American Le Mans Series race at Mid-Ohio Sports Car Course in Lexington, Ohio. The car, which ran on a chassis built by Elan Motorsport Technologies Group, won the two-hour, 45-minute sports car endurance race with an engine built by Elan Power Products.

The next day, legendary racing star Al Unser, Jr., drove to victory in the Indy Racing League event held at Gateway International Raceway near St. Louis. Unser's car, owned by Rick Galles, was built by G-Force Precision Engineering, a division of Elan Motorsport Technologies Group. The win was Unser's first of the season and it came in the inaugural IRL event at the facility.

The winning continued in Sweden, when a RF01 Zetec built by Van Diemen International and driven by Richard Goransson won both Formula Ford races held at the Andersthorp circuit. Van Diemen, also a division of Elan Motorsport Technologies Group, is the world's largest by volume manufacturer of single-seater race cars. Van Diemen chassis occupied the first four places in Race 1 and the first three places in Race 2, a dominating performance on the old Grand Prix circuit.

At Australia's Queensland Raceway, Will Davison won both rounds of the Australian Formula Ford Series, securing the 2001 championship for himself and Van Diemen in the process. Marcus Marshall, who only recently purchased a new Van Diemen RF01, finished second in both races.

"It's a remarkable accomplishment when a single organization can capture wins in premier racing series on three continents in one weekend," said Ralph Firman, CEO of Elan Motorsport Technologies Group. "We are proud of all of the hard work that employees of Elan Motorsport Technologies Group put into helping make the accomplishments on the track possible, and we thank our customers for believing in our products."

Elan Motorsport Technologies Group is situated on a seven-acre site in purpose-built, state-of-the-art facilities in Braselton, Ga., approximately 50 miles north of Atlanta's Hartsfield International Airport.

-EMTG-