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Ricardo, Inc. Completes Their First Year Under the Leadership of Jeremy Holt    

20 May 1999

Ricardo, Inc. Completes Their First Year Under the Leadership of Jeremy Holt    

    DETROIT, May 20 -- On April 15, 1999, Ricardo, Inc. completed
their first year with President Jeremy Holt.  The company is firmly poised in
the industry for their next fiscal year and the millennium.  Ricardo, Inc.'s
vision is to be the natural first choice provider of technology and
engineering services to targeted powertrain and vehicle market sectors.  The
Ricardo, Inc. team is working diligently to achieve that goal by creating
focus in each target market segment.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19990520/DETH001 )
    Holt's ideas and goals have supported those of Ricardo Group plc, in the
United Kingdom, and the Group continues to be pleased with company
developments in the USA.  As part of a complete corporate strategy, Ricardo,
Inc. provides an intimate link between North American and European business.
Within the past year Ricardo, Inc. has grown its capabilities in Powertrain
and Vehicle engineering by stimulating growth in Controls and Calibration
activities.  The Vehicle Calibration department is currently involved in
numerous programs that include extreme climate testing, emission development
and driveability evaluation.  In one current project involving Powertrain
Controls the department is implementing advanced control and estimation
algorithms for an important new diesel engine.
    Some of Holt's goals for the near future include growth in Ricardo, Inc.'s
vehicle engineering capabilities and applying their strengths in the area of
complete powertrain programs.  Ricardo, Inc. is also looking forward to
releasing new products to add to their successful line of proprietary software
in Fluid and Mechanical Simulation developed to support the automotive
industry.  Additionally, Holt and the management team at Ricardo, Inc. are
currently exploring the expansion of their Detroit Technical Center in
Belleville, Michigan.
    Ricardo, Inc. is a subsidiary of Ricardo Group plc, a publicly held
company in the United Kingdom.  Ricardo, Inc. was established in 1989 and has
operations in Detroit and Chicago and employs approximately 230 personnel.
With Ricardo, Inc.'s global expertise, the company is able to take a
whole-vehicle approach to providing technology and services to the powertrain
and vehicle marketplace, which it serves.