F1 H2O / F1 Powerboat News ABU DHABI – Wednesday, December 08, 2010 At a press conference staged at the Corniche Al Buheira hotel, Nicolo di San Germano, promoter of the UIM World F1 Series together with John Caudwell and Mike Beachy Head of Caudwell Marine unveiled a unique new engine/drive package that could revolutionize Formula One.