ASHA Corporation Elects Wiley McCoy to Board of Directors

31 March 1999

ASHA Corporation Elects Wiley McCoy to Board of Directors

    SANTA BARBARA, Calif.--March 31, 1999--The Board of Directors of ASHA Corporation/McLaren Engines, Inc. have announced the election of Mr. Wiley R. McCoy to the Board.
    Mr. McCoy will also continue with his operational duties as President and Chief Operating Officer of McLaren Engines, Inc.
    Mr. McCoy has served as President and Chief Operating Officer of McLaren Engines since December 1993. Previously Mr. McCoy served as Executive Vice President and Chief Operating Officer since 1982. Mr. McCoy came to McLaren in 1976 as an Engineering Program Manager of turbocharged racing programs. BMW had partnered with McLaren at that time to develop a turbocharged engine package for road racing and Formula One Grand Prix. Mr. McCoy ran this program until its conclusion and by 1980 was helping to move the company into the Detroit mainstream as an engineering consulting firm in powertrain research and development.
    Since that time, McLaren Engines has developed a wide base of OEM and Tier I clients in all areas of powertrain, from design to emissions certification. Mr. McCoy has served as both program manager for various projects as well as Chief Operating Officer. Before McLaren, Mr. McCoy was involved in various high performance and engine development programs for most of the 20 years previous.
    "I feel this is as tremendous opportunity for both McLaren and myself. The ASHA Board represents a broad spectrum of senior automotive management experience from throughout the Tier I and OEM community. I am excited to share my ideas and be part of the decision-making team at ASHA/McLaren," said McCoy.
    ASHA Corporation develops advanced technology products and automotive design and manufacturing techniques for the global automotive industry, and licenses the award winning GERODISC(TM) traction control system. Currently, ASHA has twenty worldwide license agreements in place for 4WD, 2WD, and AWD platforms.
    McLaren Engines, Inc. is a complete powertrain design, fabricating, and testing facility occupying over 55,000 square feet of office and laboratory space in Livonia, Michigan. McLaren Engines, Inc. operates as a subsidiary of ASHA Corporation, under the direction of Wiley McCoy, President and Chief Operating Officer. During its thirty year record of service, McLaren Engines has serviced the research, development, and testing needs of more than one hundred clients, and is an ISO-9001 registered firm.
    The stock is traded on the NASDAQ SmallCap Market (Symbol: ASHA).
    Visit ASHA Corporation on the Internet at www.ashacorp.com, and McLaren Engines, Inc. at www.mclarenengines.com.