Panasonic Toyota Racing has today announced that Toyota Motor Corporation (TMC), Toyota Motorsport GmbH (TMG) and Ebbon-Dacs have come to an agreement to name Ebbon-Dacs as a partner of the team.

Britain-based Ebbon-Dacs is a leading provider of software solutions to the retail and distribution sectors of the automotive industry.

The Ebbon-Dacs brand logo will first appear on the team's new F1 car, the TF103, at the occasion of its launch at Circuit Paul Ricard on 8 January, 2003.

"We are very pleased to become a partner of Panasonic Toyota Racing. We are providing software solutions for the automotive industry and we have been very impressed with the progress of Panasonic Toyota Racing. We are confident that the F1 team will become more and more competitive in the future and we hope that the awareness of our brand will increase on a global basis," said Mr. Edward McCabe, CEO of Ebbon-Dacs.

"We are extremely happy that Ebbon-Dacs has joined us as a partner. We are also grateful for their confidence in our potential. Our team is all set for the 2003 season and committed to doing the best to live up to expectations," commented John Howett, President of Toyota Motorsport.