Indiana Governor Mitch Daniels joined executives of Zipp Speed Weaponry today to announce that the company will expand its design and manufacturing operations, creating 105 new jobs by 2013. The company, which designs and manufactures wheels, bars and accessories for racing bicycles, will invest $12.4 million to construct a new 70,000 square-foot manufacturing and customer service center on the city’s northwest side.

"Despite what we are experiencing in the national and global economy, there are great companies, like
Zipp, that are continuing to grow and invest in Indiana,” said Daniels. “Businesses are recognizing that
Indiana is the place with a friendly environment for business and the new jobs being created by Zipp are
evidence of that.”

Zipp, has over 50% of its sales outside of the United States, currently employs nearly 130 Hoosier
associates at its manufacturing and design operations in Speedway. Zipp plans to begin hiring additional
manufacturing and customer support associates in the second quarter of 2010 in preparation for
commencement of operations at the new facility in July.

“Zipp Speed Weaponry has its roots in innovation; our growth is driven by it. We are known for creating
new products, and even new markets, within the cycling industry. Because Indiana offers an innovative,
business-friendly climate with a great workforce, we decided to expand our HQ and manufacturing
operations in Indianapolis. We sincerely appreciate the support from both the city and state. We are
pleased that the community recognizes our growth potential and we are very excited to continue our
partnership,” said David Campbell, director of manufacturing at Zipp Speed Weaponry.

Established in 1988, the Speedway-based company has designed frames, wheels and bars for
competition cyclists ranging from Ironman triathlon competitors to Olympic gold medalists.

About Zipp Speed Weaponry: Zipp Speed Weaponry was founded in 1988 with the sole mission of
making athletes faster on their bikes. Over the course of the last twenty years, Zipp has done exactly
that, by drawing on its core competencies of design engineering, composites knowledge, and wind tunnel
development. It is these competencies that have allowed Zipp to deliver a series of firsts in the cycling
industry. From the first carbon disc wheel to the first carbon crank to the first wheel to achieve negative
drag in the wind tunnel. These firsts have helped Zipp athletes to become champions in the toughest
races in the world, on the fiercest roads in the world, from the cobbled roads of Belgium to the Queen K in
Kona. Zipp Wheels are handmade in Speedway, IN USA.