Power Balance Performance Technology, the supplier of the famous wristbands popularized by professional athletes, will be allowed to exit bankruptcy protection with through a new company set up by its new owner, Power Balance Technologies. Denny Barge is the chairman of the new company. The new owner was an early investor in the company, and also previously served as its primary supplier and partner. Power Balance initially filed for bankruptcy protection in November. The new leadership plans to be aggressive in trying to expand the brand with new products, and will better integrate manufacturing into the company's operations, hopefully leading to shorter product development cycles, quicker time to market for products and better quality control. Most of the company's staff will remain on board.

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