KONI Challenge new series name for Grand Am Cup

Greetings from Las Vegas!

 

KONI BECOMES NEW SPONSOR OF GRAND-AM CUP FOR 2007

Highly competitive series to be titled KONI Challenge for next three seasons

 

LAS VEGAS, NV (Nov. 1, 2006) - KONI North America, the world leader in shock
absorber 

technology, will take an important role in motorsports in 2007 as the title
sponsor of the 

Grand-Am Cup Series, to be renamed the KONI Challenge.

 

"This is an important day for us," declared Jim Vance, KONI North America
General Manager.  

"Sponsorship of this hotly contested racing series strengthens KONI's
position of being in 

the forefront of motorsports competition, an important part of what KONI is
today.  

We believe motorsports helps validate our product and accurately
demonstrates 

how it performs in such a demanding environment."

 

"Like other manufacturers, we intend on using the KONI Challenge as a
testbed for 

new product, as well as a showcase for the company," added Lee Grimes, KONI
Automotive 

and Motorsports Manager.  "We're at racetracks virtually every week of the
year supplying 

and servicing KONI product, and we welcome the chance to work with all the
teams 

that compete in this exciting series."

 

The KONI Challenge is a road racing series for the latest in international
and domestically 

produced high performance coupes and sedans, and receives significant
support from 

many automotive manufacturers.  Only major modifications permitted are in
the areas of 

safety and because costs remain low to participate, the KONI Challenge
typically boasts 

full fields of more than 50 cars competing in the Grand Sport (GS) and
Street Tuner (ST) classes.  

 

"It's important for KONI to consistently have a presence in motorsports, as
we presently do 

in Formula 1, Formula 3, GP2, the Indy Pro Series and drag racing, and the
KONI Challenge 

is yet another series where we can make a strong contribution," Vance said.


 

KONI North America (www.koni-na.com <http://www.koni-na.com/> ) is a
division of ITT Industries, Inc. ((www.itt.com <http://www.itt.com/> ).  ITT
supplies 

advanced technology products and services in key markets including: fluid
and water management 

including water treatment; defense communication, opto-electronics,
information technology and 

services; electronic interconnects and switches; and other specialty
products. Headquartered in 

White Plains, NY, the company generated $7.4 billion in 2005 sales. 

 

For more information, please contact:

Pete Evanow   

714.305.8083   

pete.evanow@epoxePR.com