News

STOCKHOLM (BRAIN) — POC, which announced two years ago that it was working with the Swedish solar startup Exeger, released the first result of that collaboration on Tuesday: A helmet with a taillight whose battery is charged by indoor or outdoor light.

NEWARK, Del. (BRAIN) — Gore Wear said it is taking a new approach to wholesale distribution in North America and will focus its product portfolio more on cycling apparel. Gore said it will focus on sales to a few key retailers and rely on Quality Bicycle Products for distribution to the IBD channel.

MONTREAL (BRAIN) — Dorel Industries Inc. has terminated a proposed transaction that would have taken the company off the stock exchange. The termination comes just a day before shareholders were set to vote on accepting the deal.

CHICAGO (VELONEWS) — During the first week of February, SRAM removed all PowerTap power meters for sale from its website without fanfare.

WASHINGTON (BRAIN) — A proposed e-bike tax credit is not the only industry-friendly legislation being considered by Congress this year. A revamped Bicycle Commuter Act would allow employers to reimburse bike commuters nearly $1,000 a year pre-tax.

DAYTONA BEACH, Fla. (BRAIN) — Huffy Corp. is sponsoring NASCAR driver Chase Briscoe during his rookie season that begins Sunday in the Daytona 500.

STOCKHOLM (BRAIN) — MIPS’ fourth-quarter net sales increased 60% year-over-year with demand for bicycle helmets continuing in lockstep with the demand for bikes during the COVID-19 pandemic.

STOCKHOLM (BRAIN) — Thule Group’s net sales for the fourth quarter increased 33% year-over-year, helping the sport and cargo carrier manufacturer see an 11% net sales gain for 2020.

PORTLAND, Ore. (BRAIN) — Smash-and-grab thefts from bike shops have risen dramatically during the COVID-19 pandemic. But the phenomenon has led shop owners in several markets to start organizing and cooperating to share information. Some also are working more closely with local law enforcement, with mixed results.

WASHINGTON (BRAIN) — A bill introduced Tuesday in the U.S. House of Representatives would give a refundable tax credit of up to $1,500 on the purchase of a new e-bike.

LITTLE ROCK, Ark. (BRAIN) — The Rossignol Group has sold Time Sport's frame and bike business to the Cardinal Cycling Group, whose partners include French engineer Martial Trigeaud and American Tony Karklins, who is the founder of Allied Cycle Works and the former managing director of Orbea USA.

OSAKA, Japan (BRAIN) — Shimano Inc. cut water use at its factories by about 7% last year, continuing a trend that began at least four years ago. The company also announced an action plan to reduce the use of disposable plastic in containers and packaging materials for its products.