Caterham announces partnership wth Russian Helicopters

May 17 (Caterham Press Release) Russian Helicopters, one of the global leaders in the helicopter industry, is glad to announce an official partnership with Caterham F1 Team, one of the 12 participants in the FIA Formula One World Championship. From the Monaco Grand Prix, the Russian Helicopters logos will be seen on the Caterham F1 Team cars and in future the drivers’ overalls and the team’s race garages.

Russian Helicopters is a subsidiary of United Industrial Corporation Oboronprom. It is one of the global leaders in helicopter development and production with a number of special, innovative and widespread models, both civilian and military. Russian Helicopters is dominant in the Russian and CIS markets and is the leading player in the fast growing Indian and Chinese markets. The company is also rapidly increasing its presence in the Middle East, Africa and Asia-Pacific regions.

As a global market leader Russian Helicopters leads the field in the use of innovative technological methods. This provides the perfect synergy between its high-tech business and the high-tech world of Formula 1. The global business interests of Russian Helicopters takes the company into markets worldwide, and now, through its partnership with Caterham F1 Team, Russian Helicopters will also be represented at grands prix all over the globe.

Tony Fernandes, Team Principal of Caterham F1 Team, commented on the deal: “I am absolutely delighted to welcome Russian Helicopters into Caterham F1 Team. It is a sign of the increasingly strong relationships we are growing in Russia that we can attract partners of this calibre and we look forward to repaying their faith in us and Vitaly on and off track.”

Dmitry Petrov, General Director of JSC Russian Helicopters: “Russian Helicopters are delighted to announce the start of our partnership program with Vitaly Petrov’s Caterham F1 Team. It is important for Russian businesses to support projects which positively raise the profile of Russian interests worldwide and as Russian Helicopters is a global high-tech company it is a natural step for us to support Vitaly, as Caterham F1 Team’s Russian driver, in his role in a high-tech sport which is enormously popular all over the world. Our helicopters are actively marketed internationally and I am sure that our involvement in Formula 1, a sport that is popular worldwide and is at the pinnacle of modern technology, will help us to strengthen the international image of Russian Helicopters, as well as contribute to the growth of investment in the Russian economy.”

Russian Helicopters is a subsidiary of UIC Oboronprom, which in turn is a part of Russian Technologies State Corporation. It is one of the global leaders in helicopter production and the only helicopter design and production powerhouse in Russia. Russian Helicopters is headquartered in Moscow. The company comprises five helicopter production facilities, two design bureaus, a spare parts production and repair facility, as well as an aftersale service branch responsible for maintenance and repair in Russia and all over the world. Its helicopters are popular among Russian ministries and state authorities (Ministry of Defence, Ministry of Internal Affairs, Emergency Control Ministry), operators (Gazpromavia, UTair) and major Russian corporations. Over 8000 helicopters of Soviet/Russian make are operated in 110 countries worldwide. Traditionally the demand is highest in the Middle East, Africa, Asia-Pacific, Latin America, Russia, and CIS countries. Russian Helicopters was established in 2007. In 2011 its IFRS revenues increased 27.8% to RUB 103.9 billion and deliveries reached 262 helicopters.

Caterham F1 Team began in September 2009 when shareholders Tony Fernandes, Kamarudin Meranun and SM Nasarudin were granted entry into the 2010 FIA Formula 1 World Championship. Just six months later, the team had two cars classified in the season-opening Bahrain Grand Prix, a platform which served to propel the team, then on track under the guise of Lotus Racing, to the position of fastest new team in F1. 2011 saw the team race as Team Lotus, successfully achieving its goal of winning tenth place in the championship and closing the gap to the established midfield teams ahead. For 2012, Caterham F1 Team is the new, long-term identity the team is racing under and the home of Russian driver Vitaly Petrov, who joins Heikki Kovalainen as one of the two race drivers pushing to join some of the most famous names in global motorsport as they challenge for honours in Formula 1.