USF1 Team official website

FIA completes successful second inspection of US F1 Team

American Team Remains On Schedule to Compete in 2010 FIA Formula One World Championship

Charlotte, N.C. (October 8, 2009) – US F1 Team announced today that the Federation Internationale de l’Automobile (FIA) completed its second round of visits to the team’s headquarters on Wednesday and was pleased with US F1’s progress and excited about
its potential for 2010 and beyond.

“I personally visited the US F1 Team in August as well as this week, and I am impressed with the progress made by the organization since the Concorde Agreement was signed in late July,” said Nick Craw, FIA’s Deputy President for Sport. “It has all come together very quickly for the team, and we welcome them into Formula One competition in 2010.”

US F1 Team, led by Formula One veterans Ken Anderson and Peter Windsor, is the only U.S.-based team scheduled to compete in the 2010 FIA Formula One World Championship. It bids to become the first American team to win a Grand Prix since Dan Gurney’s Eagle in 1967.

As part of the process to ensure success for the four new Formula One teams entering into 2010 competition, the FIA visited US F1 Team headquarters in Charlotte, N.C. twice in the span of three months – both times reaffirming the tremendous progress made by the team since its acceptance into Formula One on June 12, 2009.

“We have had an open dialogue with the FIA since the team’s inception in 2008, and we welcome their visits to the United States,” said Ken Anderson, US F1 Team principal, president and CEO. “We are proud to show them that, despite what is currently circulating in the rumor mill, our Charlotte shop is fully operational and we are well under way to construction of a unique U.S.-designed Formula One race car.”

In addition to announcing Chad Hurley as its primary investor, US F1 has also assembled a world-class race team made up of some of motorsports’ best minds and most influential suppliers and technical partners. Design of the 2010 racecar is complete, crucial components are currently being constructed and the team is on-schedule to produce a ‘roller’ by early November and a race-ready car for ‘shakedown’ by mid-January.

“The creation of a new team in the world’s toughest form of motorsport is not easy, but there is no doubt whatsoever that we will be on the grid inBahrain in March 2010,” Anderson said. “We have the right staff, the right partners and soon we will have the right drivers. We look forward to going racing next year.”

About US F1 Team

US F1 Team is an officially sanctioned and approved Formula One team that was formed by motorsports veterans Ken Anderson and Peter Windsor. From the design and construction of the racecar to the development of the next generation of American drivers, US F1 Team
brings an authentic American effort to the global stage of Formula One. Headquartered in Charlotte, North Carolina, motorsports capital of the United States, US F1 Team will compete full time in 2010 and beyond in one of the world’s largest and most popular sports.