FOR IMMEDIATE RELEASE
Contact: Galaxy Magnesium
Galaxy Magnesium and Panoz Engineering
Form New Subsidiary: Galaxy Motion
NEW YORK – September 18, 2020 – Galaxy Magnesium – the world’s premiere mine-to-customer source of superior quality and cost-effective magnesium – has partnered with Panoz Engineering to form a new subsidiary company, Galaxy Motion. With access to twenty percent of the world’s supply of magnesium, as well as the mining and refining resources necessary to produce a wide variety of standard and custom magnesium alloys, Galaxy Motion will help the automotive industry embrace a new era of more energy-efficient metals.
The core mission of Galaxy Motion is to promote the widespread use of magnesium alloys across the entire transportation sector, in order to significantly increase fuel-efficiency and range, to reduce greenhouse gas emissions and positively impact climate change over time. Based in New York, the new subsidiary is committed to global cooperation among various companies across a wide range of industries.
To highlight the launch, Galaxy Motion is sponsoring a cross-industry open forum, the Flying Tigers Institute, so that technical knowledge can be shared broadly. The first meeting of the industry forum, co-sponsored by Galaxy with SRO Motorsports, will take place Friday, September 18 in Austin, Texas at the Circuit of the Americas racetrack, during the SRO America tour. #GTCOTA
Dan Panoz, president – Galaxy Motion
Greg Gill, President, SRO Motorsports America
Michael North, president – Galaxy Magnesium
About Galaxy Magnesium
Galaxy is the world’s premiere direct source of magnesium, revolutionizing entire industries with light, strong, versatile, durable and green magnesium – superior in many ways to steel or aluminum alloys. An international company based in the United States, Galaxy is streamlining global supply chains, offering custom alloys for unparalleled performance and delivering Galaxy Magnesium to pave the way to a lightweight future through reasonable, stable cost, guaranteed quality commercial magnesium. With offices in America, Europe and Asia, Galaxy is well positioned to responsively serve global markets. Join the #MagnesiumRevolution by visiting www.GalaxyMagnesium.com and following us on LinkedIn.
About Panoz Engineering and Panoz Racing
Panoz has been a Small Volume Auto Manufacturer and a prolific competitor in motorsports for more than 25 years. As a manufacturer, Panoz road cars led a wave of innovation in vehicle lightweighting, focused on modular aluminum-intensive vehicles. In motorsports Panoz is an engineer, builder and proven winner in Le Mans prototype classes, with GT2 class wins at Lemans and Sebring, as well as multiple wins at Indianapolis and Indy Car, Championships in GT4 and Trans Am. Panoz is the constructor of various spec type race cars and Deltawing race vehicles. The current effort with the SRO will be another game changer, as Panoz applies its deep experience with aluminum to magnesium alloys. Panoz and Galaxy will execute the racing program with a transparent protocol: sharing magnesium alloy material and manufacturing technologies openly as a platform for vehicle lightweighting. Follow Panoz on Facebook, Instagram, Twitter, and YouTube.
LIVESTREAM & TV BROADCAST
Each race will be broadcast on YouTube– YouTube.com/GTWorld. On Sunday, September 20, the “GT World Challenge America powered by AWS” race will also be shown live on the CBS Sports Network (the livestream will start after the CBS Sports broadcast on that day).
SRO’s dedicated show on SiriusXM radio will be on air for all races at Channel 383 or 984.
Live Timing will be available via TSL – https://www.tsl-timing.com/event/203806.
To schedule a media interview or analyst briefing with executives,
please contact Galaxy@goDRIVEN360.com or call +1-310-374-6177.
For more information about Galaxy Magnesium, the company’s products
and capabilities, please contact firstname.lastname@example.org or call +1-212-502-7639
Join the #MagnesiumRevolution