Edelbrock Expands Shock Absorber License Agreement With Ricor
13 November 1998
Edelbrock Expands Shock Absorber License Agreement With RicorTORRANCE, Calif.--Nov. 13, 1998--Edelbrock Corp. , a Torrance-based automotive and motorcycle aftermarket manufacturing company, Friday announced that it has expanded its license agreement with Ricor Racing and Development L.P., based in Sutter Creek, Calif., for a minimum three-year period to include the sale of Edelbrock-manufactured Performer IAS shock absorbers with the patented "RICOR" inertia technology to Original Equipment Manufacturers (OEM) specialty automotive and motorcycle markets.
The specialty market consists of vehicles, automobiles or motorcycles produced by OEMs in limited numbers.
The agreement provides that Edelbrock must manufacture the shock absorbers in its Torrance manufacturing facility as an original equipment item for either the specialty automotive or motorcycle markets.
In conjunction with the agreement, Edelbrock concurrently executed a similar three-year contract with Dyna-Trends International Inc.; a Michigan-based sales representation firm to market these shocks to the OEMs.
Vic Edelbrock, the company's president and chief executive officer, stated: "We continue to be excited about the long-term possibilities of our shock absorber program.
"The amendment of our existing license agreement to include Original Equipment Specialty-type vehicles expands the Edelbrock name coupled with the Ricor `patented' technology to offer more recognition and greater customer brand awareness of this new and unique product line.
"We are fortunate to utilize Dyna-Trends International Inc., a sales agency that possesses a seasoned history of working with the OEM Market to assist us in marketing the Performer IAS shocks," Edelbrock added.
Founded in 1938, Torrance-based Edelbrock is recognized as one of the nation's premier designers, manufacturers and distributors of performance replacement parts for the automotive and motorcycle aftermarkets.
In addition to three production facilities in Torrance, the company owns and operates a state-of-the-art aluminum foundry and its QwikSilver Division for motorcycle aftermarket parts in San Jacinto, Calif., at which it manufactures many of its quality products.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
Any statements set forth above that are not historical facts are forward-looking statements that involve known and unknown risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include such factors as the financial strength and competitive pricing environment of the automotive and motorcycle aftermarket industries; product demand; market acceptance; manufacturing efficiencies; new product development; the success of planned advertising, marketing and promotional campaigns; the success of the company's, its vendors' and its suppliers' Year 2000 compliance programs; and other risks identified herein and in other documents filed by the company with the Securities and Exchange Commission.