Trinity and ROAR reach settlement on D3.5

0 June 24, 2013, 9:06 p.m.

6/25/2013

By LiveRC Staff

LiveRC.com

We just received word that the ongoing lawsuit between Trinity and ROAR has now been settled. In short, there appears to be no monetary exchange, and both sides have agreed to what they believe is in the best interest of the racers. Starting July 1, 2013, ROAR will reinstate the Trinity D3.5/17.5 motor and allow it for all ROAR sanctioned events up until Q1 of 2014 when the new Trinity D4 is released. Trinity has guaranteed to release that motor before March 30, 2014. You can read the entire press release below, or see the attached image below for the official press release from Trinity.

TRINCORP, LLC.

PRESS RELEASE

Trincorp Reaches Settlement Agreement with Remotely Operated Auto Racers.

JUNE 24, 2013 — WASHING TON, DC — Trincorp, LLC, along with three other companies (Fantom Motors Enterprises a/k/a Fantom Racing, Team EAM Inc, and Putnam Propulsion), have reached a settlement with Remotely Operated Auto Racers (ROAR) to resolve all outstanding issues regarding the removal of the Trinity D3. 5/ 1 7.5 motor from the ROAR approved list.

The parties were able to reach a settlement without either party admitting or conceding any liability for claims raised in the lawsuit after Mr. Ernest Provetti of Trincorp, LLC was able to personally meet with

ROAR’s President, Mr. Steve Mruk. At that meeting, the parties agreed that the interests of the individual racers. who purchased the Trinity D3. 5/ 1 7.5 motor after ROAR initially approved the motor, should take priority in structuring the settlement. Accordingly, the parties crafted the terms of the agreement in order to provide a meaningful opportunity for those racers who had purchased the Trinity D3. 5/ 1 7.5 motors to actually race the motors in ROAR sanctioned races for a speciﬁed period of time.

Under the terms of the agreement, the TR/N/ TY D3. 5/ 1 7.5 Trinity motor will be reinstated on the ROAR approved list on July 1, 2013 and will remain on that list though the ﬁrst quarter of 2014, upon the release of the new TR/N/ TY D4/1 7.5, when it will be removed. Trincorp has guaranteed this will occur before March 30, 2014.

ROAR, a non—proﬁt organization staffed by unpaid volunteers, is a sanctioning body, which operates for the beneﬁt of the racers. The ROAR Executive Committee is committed to improving it operations through a set of measures which are intended to become effective within the next ninety days. The operational changes are as follows:

ROAR will reinstate an independent testing laboratory for product evaluation and testing by September 1, 2013.

In order that the ROAR members and the RC Community will be better informed regarding ROAR’s operations, ROAR will also put in place new rules and standardized procedures for the product approval process, including avenues for afﬁliate members’ direct participation with ROAR.

Trincorp, Fantom, Team, and Putnam will continue to support and participate with ROAR in promoting and regulating radio controlled automobile racing.

ROAR appreciates the continuing participation and cooperation of Trincorp, Fantom, EA/|/l, and Putnam as affiliate members of ROAR.

What are your thoughts and opinions of the settlement between Trinity and ROAR?

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