It would maintain traction by not laying down and skipping across the pavement, keeping rubber against asphalt (likely to be better in the traction department than plastic/metal against asphalt). If the tech works properly the bike would slide in a fast corner similar to a car in the same situation.
I still think the project is really young, and their reported 2013 release date is super optimistic. This machine needs a lot more testing before it can be unleashed upon the roads.