As expected following last weekend's announcement by Walker Racing, the renamed KV Racing Technology outfit has confirmed that it will link up with Craig Gore and Will Power to continue the Team Australia programme in this year's IndyCar Series.

Although the announcement was expected to come at a press conference later today [Wednesday], co-owners Kevin Kalkhoven and Jimmy Vasser revealed that Power's arrival would complete the team's planned two-car assault on the recently merged series, with Oriol Servia's contract for the 2008 Champ Car competition being carried over.

"Jimmy and I are very pleased to announce a new chapter in the history of our team, which will campaign a two-car effort during the 2008 IndyCar Series season," Kalkhoven, one of the architects of the merger, commented, "In conjunction with our commitment to the IndyCar Series, we have re-branded the team as KV Racing Technology and agreed to a sponsorship arrangement with Aussie Vineyards-Team Australia. This will allow Will Power to join Oriol Servia in what I believe will be the most competitive and exciting open-wheel racing series.

"We want to welcome both Aussie Vineyards-Team Australia and Will to our team and we look forward to a very successful season in 2008 and for many years to
come."

The KV team - previously known as both PK and PKV Racing during its short existence - will enter its sixth year of competition in 2008, but its first in the IndyCar Series, having previously been exclusive to Champ Car. Servia, who came to an agreement with the team earlier this year, will be behind the wheel of the #32 Dallara-Honda, while Power will pilot the #8 Aussie Vineyards-Team Australia entry.

"I am very excited that KV Racing Technology will be competing in what I think will become the most challenging open-wheel series," former Champ Car champion Vasser added, "Speaking from past experience, this series will be one of the most difficult to win because it requires a driver and a team to race on a variety of different tracks. To win the championship, you have to be competitive in all disciplines of open-wheel racing.

"Will is an extremely capable and competitive driver. Over the last couple of years, he has shown the ability to win races and challenge for the championship. Teaming Will with Oriol will give KV Racing Technology two veteran drivers who bring a lot of experience and talent to our team."

Aussie Vineyards boss Gore recently sold off his interests in the V8 Supercar series in his homeland, but insisted that, despite increasing business and health issues, the Team Australia programme would continue in the USA. Walker naturally assumed that he would be continuing to work alongside Gore, with whom he had run Team Australia for three years, only to be forced to announce the impending closure of his outfit following the split, while Gore cosied up to Kalkhoven and KV Racing Technology.

"I think we are heading into an exciting new era of open wheel racing and I could not think of better partners to have than Kevin Kalkhoven and Jimmy Vasser," Gore said, "I am sure KV Racing Technology will be competitive in 2008 and beyond, and I look forward to seeing the Aussie Vineyards-Team Australia car, not only on the streets of Surfers Paradise in October, but, for the first time, at the Indy 500 in May."

Power also left Walker as part of the deal, despite his former employer insisting that he was at home in the previous Team Australia set-up.

"Will Power is one of the best young racing talents Australia has ever produced," Gore continued, "We are delighted that he can continue his career in Team Australia colours as he continues to do his country proud. We believe that the Team Australia programme has been a terrific platform to take Australian brands into the US market and this new partnership will only generate more opportunities."

Further details of the new partnership are expected to be revealed during an IndyCar Series teleconference later today.

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