Get the most out of Ro­bot­ics Business Review!

This is an article excerpt. Please register to view the entire article.
Learn more about membership benefits and start your membership today!

Segway Performing a Balancing Act
Segway has staying power. It has survived overwhelming hype, a worldwide recession, and an acquisition buoyed by the robust technology.
By James E. Gaskin

Few modern products elicit as many polarizing comments as Segway’s Personal Transporter (PT), unveiled in 2001 by Dean Kamen and the Bedford, N.H.-based company of the same name. Some consider the product revolutionary and successful, while others note that sales of the system have lagged expectations since the day it was launched. Segway Inc. has sold roughly 50,000 units of the two-wheeled, dynamically stabilized transporter. That is impressive, but not when compared with the transportation revolution the early hype promised.

Was the $175 million in venture capital funding an investment in a better future, or good money thrown after bad? Furthermore, now that the company has been acquired by its U.K. distributor, will it be able to reach a new level of success, or was the sale a sign of desperation?

This is a preview article. Please register to view the entire article.

Get started
Create your membership.
Already a member?

No comments yet. Be the first to post a comment.



View comment guidelines

Remember me

Notify me of follow-up comments?

Special Focus: Robots and the Law

Special Focus: 3D Printing
3D Printing

The new reality of customizable, one-off production:
Additive Manufacturing (AM). Where it’s going, why and what’s
driving its emergence.

Intel’s Jimmy the Robot: “Like a Smartphone with Legs”

3D Systems vs. Stratasys: Will Industrial Sector Decide?

3D-Printed Construction Tech Reaching Critical Mass
More in 3D Printing

The Autonomous World of Marine Robotics

How WPI is Shaping the Future of Robotics

RAS 2020: The $257M Plan to Jumpstart UK Robotics

Design-Patent Protection: What to Do When the Face of Your Robot Becomes the “Face” of Your Company

Google Pulls Out of DARPA Robotics Challenge