Out of the 150 units produced only 100 were made available to the public available in Panache Green, Exotic Black and Misty Grey.

Petronas joined forces with four-time Superbike World champion Carl Fogarty to form a racing team — Foggy Petronas Racing, with riders Troy Corser and James Haydon — to participate in the Superbike World Championship.

The FP1 was developed under the previous regulations (that limited the engine displacement for 3-cylinder to 900cc), as a result the motorcycle was at a disadvantage from the rest of the field.

Manufactured for Petronas by MSX International for homologation purposes, they were part of the original batch of 75, but which were never shipped to Malaysia.

The bikes are presently held in the former MSX premises by new company owner Arrk R&D, who are subject to a confidentiality agreement to Petronas.