Riley Technologies moves to North Carolina

Riley Technologies Announces Move to North Carolina Indianapolis, Indiana (March 14, 2006)...Riley Technologies LLC of Indianapolis, Indiana, announced today that it would move its entire operation to Mooresville, North Carolina, effective in...

Riley Technologies Announces Move to North Carolina

Indianapolis, Indiana (March 14, 2006)...Riley Technologies LLC of Indianapolis, Indiana, announced today that it would move its entire operation to Mooresville, North Carolina, effective in September of 2006.

"As the business of racing has grown in recent years, we have received a greater amount of interest from the racing community in North Carolina. Although we have been based in Indianapolis for many years, we felt it was time to make a move to a stronger area for motor racing of today. We feel we have found that in the Town of Mooresville, the County of Iredell and the State of North Carolina," said Bill Riley, President of Riley Motorsport.

"We are looking forward to strengthening our ties with the NASCAR community, as well as the Grand American Daytona Prototype and Silver Crown teams," said Bob Riley, President of Riley Technologies.

Riley Technologies plans to build a building from the ground up of nearly 40,000 square feet. Additionally, Riley will complete the building with the latest equipment and technology available. The company has offered for all current 35 employees now based in Indianapolis to move to Mooresville, nicknamed "Race City USA". They expect to add more employees to the North Carolina operation once they are in location and their growth plans are more complete.

Riley Motorsports, a division of Riley Technologies that spearheads the championship-winning No. 10 SunTrust Pontiac Riley Mk.XI team in the Grand American Rolex Sports Car Series Daytona Prototype class, plans to base the team operations from the new location as well.

As a part of this move, Riley Technologies plans to partner with deBotech to increase their composite manufacturing capability. DeBotech is a local composite manufacturer currently in Mooresville. They will be relocating to a facility adjacent to the new Riley Technologies manufacturing and technical center.

"We are pleased that Riley Technologies has committed to base their racing operations in our great town," said Mayor Bill Thunberg, Mayor of Mooresville. "The Mooresville region has become a power center in the motorsports community. We are delighted to add Riley Technologies to the list of racing-related companies that see the value and potential of doing business in North Carolina and in the Town of Mooresville."

Riley Technologies captured both the 2004 and 2005 Grand American Rolex Sports Car Series Daytona Prototype Chassis Constructor Championship. In addition to their involvement in Grand American, Riley Technologies also build cars for the American Le Mans Series, the USAC Silver Crown Series, and the Japanese GT Championship Series.

-rt

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Series Automotive
Drivers Bob Riley
Teams Riley Motorsports