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Nov. 27, 2013, 11:43 am

INDYCAR, O2 Racing Technology Announce Resolution from Milwaukee 2011

INDIANAPOLIS – INDYCAR, the sanctioning body of Firestone Indy Lights, and Mark Olson, owner of O2 Racing Technology, announced today that they have reached a resolution regarding issues arising during The Milwaukee Mile event June 18-19, 2011.

 

“Upon careful consideration of the facts involved, I believe it’s time that the disagreement with Mark Olson and O2 Racing Technologies be resolved and we wipe the slate clean. Regrettably it’s taken so long to sort this out. I appreciate the passion and commitment that the all drivers and team owners bring to the sport, and Mark is no exception. Indy Lights is committed to work closer together with our team owners in the future to build and maintain a robust championship for decades to come. I’ve had the opportunity to work with Mark and know he is the type of business owner we would welcome in the series.” said Derrick Walker, President of Competition and Operations, INDYCAR.

 

Mark Olson (2008 driver and team owner from 2009 to present) states, “I am grateful to the leadership of INDYCAR for their absolute commitment to doing the right thing for both the sport, as well as for their team owners and their drivers. Speaking as both a fan and as a participant, INDYCAR is a great property and it’s been a lifelong dream to play even a small part. I look forward to opportunities to work together in the future.”

 

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Media Contact:

Michelle Bower (Dittoe PR for Mark Olson and O2 Racing Technology) – 317.202.2280 X 11 or michelle@dittoepr.com



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Jun. 23, 2011, 10:08 pm

O2 Racing Withdraws from Milwaukee

Due to recently discovered integrity issues (outside of our control) with the 2011 Indy Lights series championship, O2 Racing Technology’s sponsors and investors have decided to temporarily take a step back and to reconsider their participation. Unfortunately, this also impacts the teams’ ability to participate.
 
After a series of discussions with the other team owners, drivers, and INDYCAR, we have been generally assured that INDYCAR is aware of the issues with the tech inspection reporting and penalty procedures and will be addressing them at some point in the future.
 
We’re heartbroken over the knock-on affects that this situation has on our team members’ families and on the careers of our drivers, but we’re hopeful that confidence will be restored in the integrity of the Indy Lights championship in a timely manner and that our partners will be encouraged to resume their participation.
 
For more information contact Mark Olson (317) 441 1924.



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Jun. 13, 2011, 10:15 pm

Mikael Grenier takes a couple of fast laps around the world famous Indianapolis Motor Speedway.



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Jun. 13, 2011, 10:10 pm

Peter Dempsey at the Long Beach Grand Prix, April 2011



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Jun. 13, 2011, 10:05 pm

Mik Grenier take a hot lap at the Streets of St. Petersburg, March 2011



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Jun. 13, 2011, 10:26 pm

Firestone Freedom 100 Next for O2 Racing

It's May and that means one thing...Indy!

The O2 Racing Technology team has been getting ready for Friday, May 27th's Firestone Freedom 100 at the famous Indianapolis Motor Speedway. There has been a lot of work done to get ready for this event, the first and arguably the most important oval race of the year.

The team tested at Las Vegas Motor Speedway on April 20th, shortly after the Long Beach event. Both O2 drivers, Peter Dempsey and Mik Grenier got their first taste of oval racing in an Firestone Indy Lights car, on the 1.5 Mile oval. Both drivers did very well with nearly all Firestone Indy Lights teams participating. With aero setting limited by IndyCar rules, the cars had an abundance of down-force and the field was really close on times. The purpose of the test was really to gat all the rookie drivers (first time on ovals for approximately 12 of the 14 drviers in attendance) some big oval experience prior to their rookie tests.

On Friday, May 13th, Grenier, Dempsey and the O2 team participated in an IndyCar test at the Indianapolis Motor Speedway. For the first 3 and a half hours, Peter Dempsey sat on top of the pole with speeds over 189 mph. Later in the day the rest of the field caught up with him. Peter ended the day seventh fastest. Both drivers worked through the setup plans and had the opportunity to experience the track both in traffic and by themselves. See an early lap around the historic Indianapolis Motor Speedway for Mik's perspective. Read recent interviews with Peter Dempsey and Mik Grenier.

Also, Peter has received an opportunity to share his FIL experiences on the on-line magazine, Junior Open Wheel Talent. Peter's stories are available now.

As mentioned previously, the next event is the Firestone Freedom 100 on Carb Day (Friday, May 27) of the Indy 500 race weekend. The Firestone Indy Lights garage area is open to the public, in the F1 garages under the infield grandstands just south of the Pagoda. Please stop by and say 'hi'. If you do plan to drop in, the most garage area activity will likely be before qualifying on Thursday and before the race on Friday. One last tip: traffic is usually worse on Carb Day than it is for the Indy 500; please plan to come extra early.

The schedule of Firestone Indy Lights events are as follows:
Wednesday, May 25, 2011 - 11:00 am Indy Lights Drivers Autograph session
Thursday, May 26, 2011 - 9:00-9:45am Indy Lights Practice
Thursday, May 26, 2011 - 11:45-12:30pm Indy Lights Practice
Thursday, May 26, 2011 - 3:00-4:00pm Indy Lights Qualifying
Friday, May 27, 2011 - Miller Lite Carb Day - 12:30pm Firestone Freedom 100 Race
Sunday, May 29, 2011 - 12:00 Indianapolis 500 - Live ABC

Check out O2 Racing's new on-line store with shirts, caps, sweatshirts and other items.

Follow O2 Racing for live updates from pit road on Twitter or on Facebook.

Special thanks to our sponsors Pulse ™ and CellSafety ®.

Be sure to follow Pulse on Facebook  and Twitter. CellSafety can also be found on Facebook  and Twitter.

 



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