Lotus F1 Racing signs deal with CTRM for R&D

1Malaysia Racing Team Sdn Bhd (1MRT), the parent company of Lotus F1 Racing team, today signed a Memorandum of Understanding (MoU) with Composites Technology Research Malaysia (CTRM) for the latter to undertake research and development (R&D) that includes for the manufacturing of components for the Lotus F1 cars.

Lotus F1 Racing

CTRM is a government linked company specialising in aerospace and composites manufacturing. It is a part of a global supply chain for composites aero structures, supplier to major aircraft manufacturers, such as Airbus and Boeing.

CTRM CEO Datuk Rosdi said:

“CTRM is proud to be collaborating with 1MRT and Lotus F1 Racing and we are excited to see Malaysian-built cars on the race tracks next year. This collaboration will certainly enhance our strategic role to develop high technology-based industry in Malaysia, namely the aerospace and composites industry, and now motorsports.”

1MRT Principal Dato’ Sri Tony Fernandes commented:

“We are thrilled to embark on this exciting partnership with CTRM, a company that has proven that Malaysians truly have what it takes to be competitive on the world stage. I am sure this collaboration will see both Malaysian companies benefit via technology and expertise transfer.”

Lotus F1 Racing CEO Riad Asmat explained:

“This MOU will facilitate negotiation and discussion between 1MRT and CTRM on matters relating to the collaborative research and development. Lotus F1 Racing has reached many important milestones in preparation for our debut in the FIA Formula 1 World Championship in 2010, with the car having successfully passed our own strict internal crash tests recently. The collaboration between Lotus F1 Racing and CTRM will be a further boost for Lotus F1 Racing’s ongoing technical development and technology transfer to Malaysia.”

Lotus F1 Racing’s goal is to be the best amongst the new team in 2010. With Mike Gascoyne at the helm and a reliable Cosworth engine, that dream may not be too far fetched. It remains to be seen but their stiffest competition could be from an equally reliable Cosworth engine in the Dallara chassis of Campos Meta.

For now, the Lotus F1 Racing model is sticking with it’s Malaysian government roots and attempting to create a team that is not unlike the A1GP mission of the “national” team. It also remains to be seen if Petronas will stay with Sauber or choose to sponsor Lotus. Perhaps both teams could be an interesting move for the Malaysian oil company.

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