 In 1964 AMC announced their brands would be no longer produce any race machines – the 500 cc Manx Norton and Matchless G50 or the 350 cc AJS 7R.Monty, in conjunction with his business partner "Allen Dudley-Ward", a renowned Triumph tuner and ex-racer, recognised a business opportunity and developed a new machine initially named "Monward", based on his proven GMS frame and swinging-arm, initially fitted with a 650 cc Triumph Bonneville engine which was used as a test-bed by then-contracted rider, Bill Ivy.The name Monward derived from their surnames Monty and Dudley-Ward.