[Ephaeton]

From Nicolas Perrinn:

I didn't know anything about the Brabham project until this morning. I
actually met with David 1 year ago, briefly. Never spoke with him since.

How do I feel about their announcement of the first open source racing
team? Actually I feel really good about it. It gives great credibility
to our vision and what want to do. The history will remember that we
have invented the concept of open source racing team and announced it
in January 2014 and that Brabham has executed it first in 2015.

Honestly we have to look at the positives. It will give confidence to
many people that the open model is the way to go to create sustainable
businesses. It will help us develop our own business forward.

I am proud that the PERRINN name will always be associated as a founder of
the open model in Motorsport. Maybe alongside Brabham if that has to be.

But you need to be sure of one thing, we have at PERRINN something that
is rare, we have the open design vision and the understanding of how to
deliver high quality racing cars required to go and win races. We have
a great design and we will always be 1 step ahead of any of our followers.

I would love if Brabham reaches the conclusion that they should use the
PERRINN LMP1 design as the starting point for their LMP1 open source
car. Maybe they will, maybe they won't. It will be fascinating to follow.

But in any case. I can see in the near future some new open source
racing teams coming in, all in search to buy an open source racing car
and so there is a great market for us going forward. It will take a bit
more time.

In the meantime, we will develop the open design product business outside
the Motorsport world as a normal design company should do. We need to
diversify to get stronger.

And that's what I am working on just now.

You are right to follow PERRINN! You should be right to follow Brabham
too!

Best,

Nicolas