Chris Fortune, President of Graber Products Inc., parent company of Saris racks and Cycle-Ops trainers, announced today the acquisition of Tune Corporation and the Power-Tap product line. "Power-Tap represents a unique product offering in the marketplace for cycling enthusiasts and all other health and fitness-minded cyclists around the world. Power-Tap was introduced in 1998 and revolutionized the cycle training industry with a relatively inexpensive, yet highly accurate and easy to use power measuring cycling computer," Fortune said in making the announcement.

The potential in the marketplace for the Power-Tap system and the Power-Tap Link software package and all of its related technology is very substantial, and Chris Fortune said that "Graber Products sees a huge opportunity for all the Power-Tap products and intellectual property and we also see a lot of synergy between Power-Tap and our Cycle-Ops trainer business."

One of the big reasons Graber Products moved forward with the acquisition is the history of the Power-Tap technology. According to Fortune, "we acquired Cycle-Ops in 1999 and immediately re-started the development of a computerized, electronic e-trainer. What we discovered in the process was a direct connection between the designers that worked on Cycle-Ops products, including the e-trainer with recording capabilities, and the designers of the Power-Tap products. As I said, the synergy between our Cycle-Ops trainer business and our new Power-Tap business is tremendous and we plan to leverage the combination in our product development going forward to the mutual benefit of both brands and products lines."

Uninterrupted warranty and customer service are extremely important to the loyal Power-Tap customers that have purchased systems from Tune Corporation in the past, and Chris Fortune emphasized that "Graber Products is committed to providing continued warranty and customer service, without any interruption whatsoever during the transition. Our goal is to make sure all Power-Tap customers have immediate access to the best possible customer service and warranty service."