June 23, 2017 3:38 AM ET

Leisure Products

Company Overview of Razor USA, LLC

Company Overview

Razor USA, LLC designs and manufactures scooters. The company offers kick scooters, electric scooters, electric ride ons, and caster driven products. It also provides motocross and BMX, snowboarding, skateboarding and surfing, and razor products for various action sports. The company serves hip city dwellers, action sports athletes, celebrities, kids, teens, and adults. It offers its products through a network of authorized retail stores and Websites in the United States. The company was founded in 2000 and is based in Cerritos, California.

16200-A Carmenita Road

Cerritos, CA 90703

United States

Founded in 2000

Phone:

562-345-6000

Fax:

562-345-6084

Key Executives for Razor USA, LLC

Founder and President
Compensation as of Fiscal Year 2016.

Razor USA, LLC Key Developments

Razor Introduces a Radical New Way to Ride with Hovertrax 2.0 and Hovertrax DLX 2.0

Razor is delivering the ultimate riding experience this fall with its redesigned safety-certified Hovertrax 2.0 and Hovertrax DLX 2.0, bringing a fresh look and feel while providing the fun, function and freedom the brand is known for. As the only "hover board" product in the U.S. marketplace with a license for the original patent of this technology, Razor is continuing to revolutionize Hovertrax, a hands-free, electric ride-on, with exclusive EverBalance™ technology that features intelligently-engineered, self-balancing software for an easier mount and smoother ride, every time. With foot-controlled gyro-sensor technology that offers exactly the right amount of responsiveness, riders can just step on the deck and go, leaving behind the days of stuttering, single-sensor foot pads. For a seamless riding experience, the new Hovertrax 2.0 and Hovertrax DLX 2.0 come equipped with UL listed quick change, swappable lithium ion battery packs made with LG cells. Dual hub motors give riders a smooth and quiet ride for 60 minutes of fun and the product includes a shatter-resistant polymer frame, anti-slip foot platforms and rubber wheels with aluminum hubs. The DLX versions come with hi-end finishes and a never before seen LED light show. The Hovertrax 2.0 and Hovertrax DLX 2.0 are recommended for riders eight years or older and are available now at Wal-Mart and Amazon with an MSRP of $459.99 and $559.99 respectively.

Razor USA, LLC Announces Recall of Self-Balancing Scooters/Hoverboards

Razor USA LLC announced the recall of Self-balancing scooters/hoverboards. This recall involves non-UL certified Hovertrax brand self-balancing scooters, commonly referred to as hoverboards. Hovertrax hoverboards have two wheels at either end of articulated dual platforms and are powered by lithium-ion battery packs. The recalled Hovertrax brand hoverboards have serial numbers beginning with 55X120-01, 55X120-02, 55X110-01, 55X110-02 and 55X230-01. The serial number is printed on a white sticker on the bottom of the deck or on the charger.

Hangzhou Chic Intelligent Technology Co., Ltd. Files Patent Infringement Lawsuit Against Razor USA, LLC

On May 19, 2016, Hangzhou Chic Intelligent Technology Co. Ltd. filed a patent infringement lawsuit against Razor USA, LLC in federal court in the Central District of California. Chic alleges that Razor's Hovertrax brand of electric personal transporters, commonly known as 'hoverboards,' infringe Chic's patent. Chic's lawsuit seeks monetary damages and a court order to prevent Razor from continuing to infringe Chic's patent going forward. Chic's case against Razor is the first lawsuit Chic has filed asserting its intellectual property rights in the United States. 'Chic intends to vigilantly protect its intellectual property rights against infringers, and at the same time relentlessly defend itself in the 337 investigation brought by Razor before the ITC.

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