China-based mostly Ninebot, which obtained Segway in 2015, will halt output of the PT, brief for Personalized Transporter, on July 15. 20-one staffers will be laid off at its Bedford, New Hampshire plant. Speedy Company initial documented the information.
The Segway PT built a splash in December 3, 2001 when it was unveiled on Excellent Morning The usa. Inventor Dean Kamen saidthat an urban transportation revolution was coming and cars would be obsolete. Kamen felt it was absurd to use 4,000-pound cars and trucks and trucks for shorter outings.
Butfinal yr the Segway PT accounted for only 1.5% of Ninebot’s profits, in accordance to Tony Ho, vice president of international company enhancement at Segway. With a price tag tag beginningat $6,000 and at times achieving $10,000, only police departments and tour teams could afford to pay for it, he mentioned.
“It was a wonderful invention 20 several years in the past,” explained Ho. “Now it appears a little bit out-of-date.” He additionalthat some police departments have shifted to Ninebot’s much less expensive electrical scooters. Ninebot is also ending output of a a few-wheeled Segway product that was developed for community policing.
Right before the Segway, Kamen designed a title for himself as an inventor of health care gadgets these kinds of as a portable insulin pump. The Segway PT venture grew out of his function in the 1990s on a self-balancing wheelchair.
The Segway PT was in advance of its time, butnot just in a very good way. The price tag was a key barrier to adoption, coming in at$4,950 when it was initial launched. Batteries, which in the beginning charge more than $1,000, were also expensive to make a extra economical model. For several years, the organization struggled to decrease the selling price. Selling prices in fact elevated, probably thanks to inflation and new off-roading options, according to Ho. Since 2001, 140,000 PTs have been sold, in accordance to a Segway spokesman.
The Segway PT locateda put in news headlines and Hollywood. President George W. Bush drew consideration soon after falling off one particular in 2003. Before that working day, Segway personnel had frequented the Bush compound and taughtother members of the Bush household how to journey. The Segway PT appeared in Hollywood Television set shows and films, like Shopping mall Cop.
Somewhat than being great and earth-modifying, the Segway formulated a nerdy reputation.
Kamen, who did not straight away react to a request for remark, explained to CNN Enterprise in 2018 that Segway proceeds to be the task that most people know him for.
“No make any difference what else I do in existence,” he claimed, “I’m the Segway person.”
About the author: Muhammad
Wayne Ma is a reporter who covers everything from oil trading to China's biggest conglomerates and technology companies. Originally from Chicago, he is a graduate of New York University's business and economic reporting program.