Friday, January 13, 2012

ARTEMIS RACING IMPORTANT ANNOUNCEMENT

TEAM STATEMENT

Clarity on ETNZ/Luna Rossa Collaboration Agreement

12 January 2012 – The Jury Decision in Case AC06, issued on 28 December 2011, has made it clear that Emirates Team New Zealand (ETNZ) and Luna Rossa can not proceed with all of their publicly announced plans without violating the Protocol for the 34th America’s Cup. This substantiates Artemis Racing’s understanding of the Protocol and the basis for the team’s filing of Case AC07, submitted on 16 November 2011.

ETNZ’s public announcements and submission to the Jury on 26 November 2011 stated that:

A. ETNZ have a collaboration agreement with Luna Rossa
B. The agreement provides for Luna Rossa to directly or indirectly build a yacht
C. The agreement provides that ETNZ shall obtain design and performance information from the Luna Rossa boat through “two boat testing”

The Jury Decision in Case AC06, clearly states that if an agreement exists between two teams, one which contains A, B and C; then there would a violation of Protocol 33.4.

Artemis Racing has received the clarification it was seeking.

Artemis Racing knows that ETNZ and Luna Rossa have done A and B and plan to do C. Artemis Racing is confident that the teams will modify their plans so as not to violate the Protocol.

Artemis Racing Team Media

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