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 or join and become a member 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?





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

Name:

Email:


View comment guidelines

Remember me

Notify me of follow-up comments?






BirdBrain Turns to Kickstarter for Robotics STEM Kit

3D-Printed UAVs Complete Preliminary UK Trials

Parker Hannifin Moves Forward with Indego Exoskeleton

Modular Robotics: A Scrappy Approach to Educational Robots

Factory Robots Get STAMINA Boost