Team Alinghi today officially launched the UBS Trophy Rhode Island at a press conference in Newport, Rhode Island.

The UBS Trophy, sponsored by UBS and co-sponsored by BMW, will showcase America's Cup-style match racing at Newport between old rivals Team Alinghi and Oracle BMW Racing, from June 19-26.

The UBS Trophy is a significant event that will honor the colorful and exciting role that yacht racing has played in Newport for more than 100 years. With race starts and finishes off Fort Adams, the regatta has been specifically designed to bring the racing close to shore for exciting spectator viewing.

Two races are scheduled daily, weather permitting, starting at 1:30pm. The regatta will sail professional and owner-driver races on a short course.

Speaking at the press conference today was Grant Simmer, Team Alinghi General Manager. Simmer was navigator aboard Australia II, the team that finally succeeded in lifting the Cup from a long American rule when they defeated Dennis Conner and his crew on Liberty at Newport in 1983.

Other speakers included Governor of Rhode Island, Donald L. Carcieri; Russell Coutts, Alinghi Team Leader; Gavin Brady, Helmsman, Oracle BMW Racing; Dr. Robin Wallace, Chairman of the Rhode Island Sailing Foundation; and John Rousmaniere, writer and America's Cup historian.