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Peloton recalls pedals of nearly 30,000 bikes after reporting injuries

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Topline

Platoon issued a reminder on pedals for around 27,000 bikes Thursday due to security concerns the same day the fitness company, which has seen sales soar due to the coronavirus pandemic, was sued for patent infringement.

Highlights

Peloton said it had received 120 reports of a broken pedal and 16 reports of leg injuries, including five requiring medical attention.

Peloton is recalling bicycle pedals purchased between July 2013 and May 2016 in cooperation with the US Consumer Product Safety Commission.

Peloton has not yet responded to a request for comment.

Key context

Peloton sales have increased with more people working from home during the coronavirus pandemic. Platoon reported its total revenue increased 172% to $ 607.1 million in the quarter ended June 30 compared to the same quarter a year earlier and class memberships for bike and carpet owners running increased 333% to over 76.8 million.

Tangent

Icon Health and Fitness, the maker of the NordicTrack bike and other home fitness equipment, for follow-up Platoon for patent infringement on Thursday sought unspecified damages and an injunction against the sales. In the lawsuit, Icon claims that two features for the new Pelotons bike, the mobile touchscreen and automatic resistance change, were developed and used by Icon long before Peloton. Icon claimed to have a patent for the resistance feature. Some companies, like Peloton, have built (at least in part) entire businesses on the back of patented Icons technology, according to the filing. Peloton sued Icon in May, alleging he “tried to unleash Peloton’s innovative technology” by making the pre-recorded lessons look like live lessons. Icon also sued Peloton on the launch of its first bike and again on the launch of its first treadmill. In the lawsuit filed Thursday, Icon claimed that Peloton CEO John Foley met with Icon executives in 2013 and asked to use certain features patented by Icon for the first generation Peloton bike and Icon said no.

Further reading

Peloton chased by NordicTrack Maker for the latest cycling technology (Bloomberg)

Peloton has issued a recall of nearly 30,000 bikes after reports of broken pedals and customer injuries (Business intern)

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