Shotover Jet sets sights on Formula 1 motor racing

Image update: Shotover Jet reveals prototype Formula 1 race car: Following this morning’s announcement of plans to enter Formula 1 racing, Shotover Jet has revealed the first photos of its prototype race car. Shotover Jet wishes everyone a “Happy April Fools’ Day”!

Media release from Shotover Jet
1 April 2010

Shotover Jet sets sights on Formula 1 motor racing

An internationally renowned tourism icon is all fired up to take on the world’s most exciting motor sport - Formula 1 racing.

New Zealand’s Shotover Jet has announced its intention to pit itself against the world’s best by endeavouring to enter a team in the 2011 FIA Formula One World Championship.

The Queenstown-based company is already a global leader in commercial jet-boating and cutting edge technology in this industry. Known as “The World’s Most Exciting Jet Boat Ride”, Shotover Jet has 40 years’ experience in the jet boat sector and is well placed to take on the challenge.

Clark Scott, General Manager of Shotover Jet, says it’s a bold and exciting move for the company and is delighted that two years of planning and a lot of hard work behind the scenes is coming to fruition.

“You might think that jet boating and Formula 1 racing are completely different but actually there are a lot of synergies.

“For a start, fluid dynamics are similar to aerodynamics so it was a natural progression from our current fluid-based operation. Then we have some of the world’s best design, mechanical and technical staff at our disposal who are highly trained and experienced with jet boat design, engine configuration and mechanical technology, nd have a lot of transferable skills. They™ve been working hard for a long time on a body design and this is showing very encouraging results in wind tunnel tsting. They™ve also developed an engine design and we™ve been working with a major European engine supplier to refine it.

“This is a mutually beneficial arrangement for us. The Formula 1 season falls during New Zealand’s quiet ‘shoulder season’ for tourism, so we can obtain significant global brand exposure for Shotover Jet in key markets before the following peak travel period. We can also utilise our talent pool year-round and provide significantinvestment opportunities for key partners with whom Shotover Jet currently has long-term partnerhips.

“It would be an understatement to say it’s a very exciting time for us. Formula 1 is the pinnacle of motor sport – it just doesn’t get any better than that. We’ve been testing our design for several months and feel confident it’s a goer. We know we’re in for a real challenge but we’re absolutely up for it,” he says.

Shotover Jet is currently in final negotiations to secure high profile sponsors and engine supplier contracts. Further announcements will be made when they are in place.

Once these contracts are confirmed, the cars will be finished to exacting specifications and rigorously tested.

Shotover Jet is evaluating an existing North Island track, which has a number of corners based on international F1 circuits, as a permanent test circuit. A New Zealand driving team is preferred but all options will be considered.

ENDS

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