Hayden Harris Elected Chairman, McLaren Performance Technologies

MCLAREN PERFORMANCE TECHNOLOGIES LOGO
McLaren Performance Technologies. (PRNewsFoto)[AG]
LIVONIA, MI USA 03/21/2001
    LIVONIA, Mich., Sept. 10 McLaren Performance Technologies, Inc. announced today that
Hayden Harris (59) has been elected Chairman of the company's Board of
Directors. Harris succeeds Lawrence (Larry) Cohen (57), who stepped aside.
Cohen will remain on the McLaren Performance Technologies Board as a Director.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/20010321/MCLNLOGO )
    The Livonia, Mich.-based developer and manufacturer of automotive
powertrain systems said that Larry Cohen's contribution to McLaren Performance
has truly been immeasurable, and the company recognizes that with Cohen's
ever-expanding activity in other developing business ventures, the time was
right to rotate the Chairman's seat -- particularly now that a new management
team is in place.  Among his other achievements, Cohen initiated and completed
the company's first public offering along with the merger of the California-
based ASHA Corporation -- with what was then McLaren Engines -- to form the
publicly traded entity, McLaren Performance Technologies.
    Hayden Harris has been a member of the McLaren Performance Technologies
Board since 2000, and is a general partner in Ann Arbor, Mich.-based EDF
Ventures -- a venture capital firm which specializes in technology-driven
investments.  He also serves as a member of the Board of Directors of Emerald
BioAgriculture, Inc., a developer of environmentally safe agricultural
products, along with Media Station, Inc., a broadband home entertainment
services provider and TherOx, Inc., a developer of oxygen delivery devices for
the medical industry which he co-founded.  Harris also co-founded Xtera
Communications, a provider of telecommunications equipment, and is a co-
inventor of key pieces of the Company's patented technology.  He was appointed
by Michigan Governor John Engler to both the Corporate Board and Executive
Committee of the Michigan Economic Development Corporation.
    Earlier in his career, Hayden Harris conducted merger and acquisition
activities for TRW, Inc.  He holds a Masters in Business Administration (MBA)
and a Bachelor of Science (BS) degree from the University of Southern
California.
    A former hydroplane boat designer, builder and racer, Harris further
participated in West Coast Midget and Sprint car arenas before pursuing
competitive aerobatic flying.
    According to Steven Rossi, president and chief executive officer, McLaren
Performance Technologies, "We look forward to drawing on Harris' unique
business background -- particularly in the area of turnarounds and the
technology sector -- along with his passion for performance to further
strengthen our McLaren Performance growth offensive."
    McLaren Performance Technologies provides full-service design,
development, fabrication, manufacturing, testing, validation, and
certification of engines, powertrains and related components.  It develops and
licenses patented traction-control technology and has full vehicle development
and prototyping capability.  McLaren Performance Technologies was first
established as the engine development company for Bruce McLaren Motor Racing,
in 1969.

    This release contains forward-looking statements within the meaning of
Section 21E of the securities Exchange Act of 1934, as amended, which are
intended to be covered by the "safe harbor" created thereby.  These statements
include the plans and objectives of management for future operations,
including plans and objectives.  The forward-looking statements herein are
based on current expectations that involve judgments with respect to, among
other things, future economic, competitive, and market conditions and future
business decisions, all of which are difficult or impossible to predict
accurately and many of which are beyond control of the Company.  Although the
Company believes that the assumptions underlying the forward-looking
statements are reasonable, any one of the assumptions could be inaccurate and,
there fore, can be no assurance that the forward-looking statements included
in  this release will prove to  be accurate.

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