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The first team to join the Rocket Racing League(TM), Leading Edge
Rocket Racing(TM), LLC, announced today that it is officially leaving
the league effective immediately.
President and CEO of Leading Edge, Robert Rickard, along with COO
Don Grantham, formally notified the league in a letter delivered to
the RRL Board of Directors this morning.
"After working with Rocket Racing League for the past 17 months,
we have concluded that our vision, business practices, and
communication standards are incompatible with those of the league,"
said Rickard. "We had very high hopes for this enterprise and tried
very hard to find a common way forward."
There was no communication between the league and Leading Edge
during the decision making process and no specific event contributed
to its timing.
"There hasn't been a working relationship between our company and
the RRL for some time now. This announcement makes it official so we
can move on," said Grantham. "It's time to focus our resources on
something more compatible with Leading Edge's goal of being the
premier operators of high performance rocket powered aircraft."
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