By Mike Garrison
Press Release from Team Orion:
Team Orion was founded by Philippe Neidhart in 1987. Thanks to its numerous innovations and clever business strategy, Team Orion was highly successful for its first 20 Years of existence. Despite its best efforts, due to the worldwide economical crisis and other technological factors out of its control, the early years of the 21st century caused severe issues for Team Orion’s business as a whole.
In 2008 Kyosho Corporation from Japan joined Team Orion as shareholder to re-energise and save the famous power company. Thanks to Kyosho’s business experience and support, Team Orion reached another level and became one of the most successful power company in terms of racing and business results.
As of today, according to the original deal, the ownership of Team Orion has been transferred back to Philippe Neidhart.
Team Orion and Kyosho will continue to work closely together.
"I would like to warmly say thank you to all the people at Kyosho and in particular to Mr Aki Suzuki for all the help of the last 10 Years and wish a prosperous continuation to all of them", Philippe Neidhart.