press release

Texaco Press Release - Texaco and Robert Yates Racing Team Launch New Partnership

Texaco/Havoline Racing Team Scholarship and Internship Program Unveiled

FOR RELEASE: WEDNESDAY, APRIL 19, 2000.

GREENSBORO, N.C., April 19 - Texaco, Roberts Yates Racing and NASCAR Winston Cup driver Ricky Rudd today unveiled a fully equipped No. 28 Texaco/Havoline Ford Taurus to North Carolina Agricultural and Technical State University. Presented at a luncheon held in honor of the installation of Chancellor James C. Renick, the car will be used as a unique "laboratory" by engineering students. It also marks the beginning of a new partnership between Texaco and N.C. A&T's College of Engineering, which includes the title sponsorship of the University's Intercollegiate Auto Racing Association (ICAR) Racing Team.

Texaco, in conjunction with Robert Yates Racing, also established the Texaco/Havoline Racing Team Scholarship and Internship Program. Students associated with the University's ICAR program will be eligible to apply for a scholarship and summer internship with Robert Yates Racing.

In 1998, A&T became a charter member and the only Historically Black College or University to join the ICAR Association, which was formed for the purpose of organizing auto racing as a collegiate sport for engineering students. Last year, A&T's College of Engineering included the racing activity into its curriculum by introducing a new course, Principles of Race Car Engineering. Crew members from Robert Yates Racing will participate as guest lecturers throughout the academic year exposing the students to automotive systems and mechanisms.

"The ICAR program provides an excellent opportunity for the real life application of engineering principles. With the addition of the No. 28 Texaco/Havoline car, we hope to stimulate a hands-on approach to learning and motivate more students to pursue engineering degrees," explained Ed N. Gadsden, Texaco Corporate Director, Global Human Resources and Executive Searches. "As the official sponsor of A&T's ICAR Racing Team, Texaco hopes to spark student interest and encourage the development of additional courses to further enhance the University's motorsports engineering program."

"This is an exciting new partnership that exemplifies a unique collaboration that will grow over the years," said David Hoard, Vice Chancellor for Development and University Relations.

North Carolina Agricultural and Technical State University is the nation's leader among colleges and universities that graduate minorities with degrees in science, mathematics, engineering, technology and certified public accountants. Comprised of six schools and two colleges, A&T, located in Greensboro, offers bachelor's, master's, and doctorate degrees in a wide range of technical and liberal arts subject areas. Among its 35,000 alumni are prominent national figures including civil rights activist Jesse L. Jackson and Space Shuttle Challenger astronaut, the late Dr. Ronald McNair.

Texaco has been involved in motorsports since 1917 when a two-man team using Texaco products drove a Maxwell touring car from Newark, New Jersey to Los Angeles in 10 days and 16 hours - quite a feat in those days. Since then, Texaco has been associated with some of the legendary names in auto racing, including Mario Andretti, Michael Andretti, Davey Allison, Tom Sneva, Emerson Fittipaldi, Ernie Irvan and now Ricky Rudd.

Operating in more than 150 countries, Texaco and its affiliates explore for, find and produce oil and natural gas; manufacture and market high-quality fuels and lubricant products; operate trading, transportation and distribution facilities; and produce alternate forms of energy for power, manufacturing and chemicals.

Robert Yates entered the NASCAR Winston Cup Series as a car owner in October of 1988 when he purchased the No. 28 team from Harry Ranier. Prior to purchasing the team, Yates had the reputation as one of the sport's premier engine builders. Today, Yates is a well-known Winston Cup Series Championship team owner.

Updated: April 2000