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February 10, 2016 12:32 AM ET

Automobiles

Company Overview of Segway Inc.

Company Overview

Segway Inc. designs, develops, and manufactures personal electric transportation devices for consumers and businesses. It offers patrollers for police, security, government/military, and EMS applications; personal transporters for tours; and robotics mobility platforms. The company also provides consumer financing and commercial leasing services. It serves gliders, commuters, hunters, and adventurers through dealers and distributors in the United States and internationally, as well as retail points. Segway Inc. has a strategic combination with Ninebot Limited. The company was founded in 1999 and is headquartered in Bedford, New Hampshire.

14 Technology Drive

Bedford, NH 03110

United States

Founded in 1999

Phone:

603-222-6000

Fax:

603-222-6001

Key Executives for Segway Inc.

Chief Executive Officer
President
Age: 57
Founder and Chairman
Age: 64
Vice President of Finance
Chief Operating Officer
Compensation as of Fiscal Year 2015.

Segway Inc. Key Developments

Segway Inc. Announces Expansion of its Business and Releases its New Corporate Visual Identity System

Segway Inc. announced an expansion of its business and released its new corporate visual identity (VI) system. Following a lengthy research and development process, Segway recently formally added personal robotics to its business lines, thereby expanding its business to include two major categories: Segway PT (Personal Transportation) and Segway Robotics. In 2016, Segway will work with Intel and Xiaomi to enter the home service robotics market. Segway seeks to create a futuristic concept by integrating existing technological proposals—a move that is critical for Segway’s personal robotics business. Following the business expansion, Segway will no longer be a brand limited solely to one category of personal mobility products, but will become a comprehensive technology brand that encompasses personal transportation, service robots, and many other types of products and services. At the same time, Segway also released its new corporate visual identity (VI) system. The emphases of the new VI system are to demonstrate the vitality of technology, and to enhance the brand’s visuals on mobile phones and other new forms of displays. The new VI system has also begun to use a new logo. Segway further announced that Ninebot will become a brand under Segway’s Personal Transportation business line. The industry and investment sectors have paid a great deal of attention to the group holding Segway and Ninebot. Today, the group also announced that it has received an additional round of funding from Intel Capital and GIC at the valuation of over $1 billion. By integrating its research and development centers and massive retail network and support system, Segway has established a global strategic framework, with major hubs in the United States, the Netherlands, Singapore, and China. In 2016, appearing before the media and consumers will be a Segway whose mission is to ‘empower people to live with infinite possibilities.’ With Segway continuing to innovate, this merely marks the initial step of a long journey filled with great opportunities and challenges.

Ninebot Limited and Segway Inc. Complete Strategic Combination

Ninebot Limited and Segway Inc. announced that they have completed a strategic combination. The combined company will focus on research and development, manufacturing, sales and service in the short-distance transportation industry, with the goal of promoting the rapid development of that industry and leading the revolution of mobile robotics solutions. Both Ninebot and Segway will continue to operate under their existing brand names.

Segway Inc. Launches SE-3 Patroller

Segway Inc. launched its SE-3 Patroller, a three-wheel device for the public safety market, at a base MSRP of $11,999. The Segway SE-3 Patroller: The SE-3 Patroller is a natural extension of Segway's Patroller product line. It's an ideal match for applications that require a larger vehicle, which can display a more visible and obvious security and community relations presence (even in a parked position without a rider aboard), or that require a rider to frequently mount and dismount the vehicle during a patrol. The SE-3 Patroller is powered by multiple rechargeable Lithium Ion batteries that can be charged at any standard electrical outlet or swapped out for replacement batteries to allow for continuous use. This new three-wheel product features independent direct rear wheel drive, can travel in reverse and turn in a very tight radius. It also includes rugged Whelen emergency lights, headlight, brake light, siren and lockable storage. The SE-3 Patroller is also equipped with a 4.3" color display that is sunlight-readable. It provides the rider with vibrant, easy-to-understand operational data including speed, battery life and distance travelled.

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