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August 31, 2015 2:05 PM 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

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.

Segway Inc. Names Brian Buccella as Vice President of Business Development

Segway Inc. announced it has named Brian Buccella as its Vice President of Business Development. Brian is an electric transportation industry veteran with considerable experience in sales, marketing and operations working for transportation, automotive and technology organizations. In this new role, Brian will develop strategic relationships, negotiate business development ventures and contracts as well as support the expansion of Segway's electric vehicle product portfolio. Prior to Segway, Brian was the President of Vectrix, where he also served as Vice President of Sales and Marketing. In addition, he has held senior roles at companies including T3 Motion, REMEC and Powerwave Technologies.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 15, 2015
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