Exergy Development Group announced yesterday that the 2013 Exergy Tour will officially be cancelled.

Despite a successful inaugural year, Exergy was unable to find the financial support needed to continue to Idaho-based, five-day women’s stage race.

"We are deeply saddened by our announcement…After a tumultuous year, it was our hope that appropriate co-sponsors would assist financially in order to help advance the mission and the event," stated Exergy Development Group in an announcement. "It is our goal to resume the Exergy Tour in 2014, and we highly encourage more people to boldly take a stand to dramatically overhaul the sport and to take a leadership role in support of women’s cycling."

Exergy Development Group was the sole financial contributor to the 2012 Exergy Tour, which stood out as the pinnacle event in the women’s cycling calendar in the US and was won by Evelyn Stevens (Specialized-Lululemon).

Exergy apologized for the delayed announcement, stating they made every attempt possible to make this event happen.

"We believe in women’s cycling and the opportunities and exposure this race provides. The company remains determined to provide equal opportunities for women’s professional cycling, and shall continue to support our team, Exergy TWENTY16," Exergy stated in the announcement. "Exergy remains unwavering in our commitment to recalibrate the sport of cycling and impact it globally."