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Viper Powersports Inc.: Viper Motorcycle Company Enters Into Engine Agreement With Ilmor Engineering, Inc.

^{Published on 2009-05-26 07:47:59, Last Modified on 2009-05-26 07:48:44 - Market Wire}
 

HOPKINS, MN--(Marketwire - May 26, 2009) - Viper Motorcycle Company, a subsidiary of Viper Powersports Inc. (OTCBB: [ VPWS ]) and Ilmor Engineering, Inc., today announced a joint venture to develop the exciting Viper 152 cubic inch V-Twin motorcycle engine. The all polished billet engine was designed specifically for Viper Motorcycles and is currently used exclusively in the all new Diamondback Super Cruiser. Viper Motorcycles and famed race engine design and development company Ilmor Engineering have teamed together to develop enhancements to the V-Twin engine for all future Viper products including the release of the engine for custom aftermarket motorcycle applications.

Ilmor Engineering is best known for its expertise and success in the highest levels of automobile racing. The company has over 200 Indy Car wins to its credit including winning the prestigious Indy 500 no less than 14-times. Created as a race engineering company in the UK more 25 years ago, Ilmor has grown to over 140 personnel worldwide with facilities in Plymouth, Michigan and Northampton, England.

Paul Ray, Ilmor Engineering, Inc.'s President, said, "This is truly a perfect match for us. Viper Motorcycles and Ilmor have a tremendous amount in common and importantly, share a passion for excellence. The agreement between us is the starting point. We are very excited to get moving on the development path."

John R Silseth II, Viper Powersports CEO, said, "Our key to success will be the quality and performance of our 152 V-Twin both in our production bikes and in the aftermarket. I am very excited about what this partnership is capable of bringing to the table. Ilmor is the ideal partner to solidify our future."

Viper Powersports designs, produces and markets through an independent dealer network a line of premium custom V-Twin Super Cruiser motorcycles, V-Twin aftermarket engines and other related aftermarket products. The company designs and manufactures custom motorcycles, accessories and motorcycle engine component parts with patented technology using Computer Aided Design (CAD). Many of the motorcycle and motorcycle engine component parts are machined from solid billets of aluminum utilizing Computer-Numerical-Control (CNC) machines. Viper Powersports and ViperMotorcycle Company's websites are [ www.viperpowersports.com ] and [ www.vipermotorcycle.com ].

Ilmor Engineering is a world class company that specializes in design, development, testing and manufacturing of racing engines including automotive and motorcycle. Ilmor Engineering's website is [ www.ilmor.com ].