SRT, the racing team which fields Matt Wait and Marc Palazzo in the Formula USA Series, is calling it quits at the end of the season, according to a press release issued today by Bert Silos. The release follows:

Co-founders of “Synergy Racing Technologies” (SRT), Bert Silos and Mathew Spiwak will no longer continue a working relationship together. Due to differences we are unable to resolve “SRT” will no longer exist after the “2001” racing season. We plan to retire the name and separate the original partnership. It is my opinion that we are no longer able to maintain the synergetic relationship of which the current effort was originally founded on.

“SRT” will continue to represent our sponsors for the remainder of the season and will fulfill all contractual obligations.