The component on the company's website front page, and the component from where the company got it's name, is a handle attachment to aid beginning bike riders called the Training Handle. From the website: "The Training Handle is the original Bike Balance attachment. It can be used either with training wheels to create a stable, safe bicycle platform for very young children or can be used as an attractive alternative to training wheels for an older child learning to ride a bicycle for the first time."
The various components seem to be well thought out, although, many of the accessories put the weight of anything you're carrying high on the bike, causing potential stability issues. The components seem to be reasonably priced, but when I looked at the order page, virtually every component and accessory was presently out of stock.
http://www.bikebalance.com/
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