American Formula One newcomer USF1 says its plans for competing in the 2010 season are on schedule, dismissing speculation that it may not be ready in time for the first race in March.

Sporting director Peter Windsor says the rookie team has purposely maintained a low-profile compared to other outfits because “we have been building our ‘house.”’

Windsor says the Americans are putting their team together and expect a driver announcement in January.

USF1 is one of several new teams set for the season-opening starting grid at the Bahrain Grand Prix on March 14. However, F1 boss Bernie Ecclestone has previously expressed doubts about whether USF1 and Spanish newcomer Campos Meta would be ready to compete in Bahrain.

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