INDIANAPOLIS — KV Racing Technology co-owners Kevin Kalkhoven and Jimmy Vasser announced today that the team will campaign two
cars during the 2008 IndyCar Series season with the addition of Australian Will Power to the KV Racing lineup.
“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,” said Kalkhoven.  “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 teammate 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 Power to our team and we look forward to a very successful season in 2008 and for many years to come.”
KV Racing co-owner Jimmy Vasser praised Power, a two-time winner last year in the Champ Car World Series.
“Will is an extremely capable and competitive driver," Vasser said. "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.”
Power, 27, is entering his fourth year of open-wheel completion. The native of Toowoomba, Australia won the 2002 Formula Holden Championship in Australia and successfully competed in Australian Formula Ford, Australia Formula 3, British F3 Championship and World Series Powered by Renault as well as testing for the Minardi Formula 1 team. The resident of Aston Clinton, Bucks, Australia and Indianapolis made his Champ Car debut in 2005 contesting two events for Team Australia (Walker Racing) earning his first Champ Car top-10 finish in just his second start (Mexico City).
In two-plus seasons of Champ Car competition, just 30 starts, all with Team Australia, Power has finished in the top-10 a total of 19 times including 11 top-five showings with six podium performances, two victories and six poles. Power was the Rookie of the Year and won the Bridgestone Passion For Excellence Award in 2006 after finishing sixth in the championship standings with nine top-10 finishes, including three top-five showings, one podium and one pole (becoming the first Australia to win a Champ Car pole). In 2007, he was in the championship hunt until the end of the season eventually placing fourth (highest showing ever by an Australian) with nine top-10 finishes, including eight top-five showings with five podiums and the first two wins of his career (the first by an Australian). He also earned five poles.
“This is a great opportunity for Aussie Vineyards–Team Australia and me," Power said. "It will be my first season in the IndyCar Series and having Jimmy Vasser to help mentor me on the ovals will make the transition easier. I look forward to racing with Oriol and working with the entire KV Racing Technology Team.  This is a first class organization and I am happy to continue my open-wheel racing career with them.”