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Icon Health & Fitness Inc. filed a complaint in the U.S. District Court for the District of Delaware against Peloton Interactive Inc. for allegedly infringing the patent-in-suit for its automatic control Bike + product.
According to the complaint, Icon was the first to develop and commercialize interactive, connected technology that allowed in-home, live, and on-demand instructor-led classes with competition and leaderboards (i.e., iFIT) at least 12 years before Peloton was founded.
ICON asserted that it unveiled its first iteration of iFIT in the late 1990s at the Atlanta Super Show.
Icon claims Peloton’s Bike+ “incorporates ICON’s patented automatic control and interactive, integrated weight system as a key new feature. Peloton calls the automatic control ‘Auto Follow,’” which automatically adjusts the bike’s resistance to match an instructor’s callout.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Global Exercise Bike Market (2021 to 2027) - by Type, Sales Channel and Region - ResearchAndMarkets.com
April 1, 2021 GMT
DUBLIN (BUSINESS WIRE) Apr 1, 2021
Home exercise bikes are stationery workout equipment used to improve and maintain cardiovascular health and to cut down body fat. Unlike the gym variant, the home exercise bike is used to work out from home. It consists of subparts such as saddle, handlebars, pedals, and foot straps. The machine usually do not require any form of training before use but, some variants of these equipment may require some technical knowhow to operate effectively.
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NordicTrack Co. Can t Hit Brakes On Peloton Sales In IP Suit
Law360 (February 22, 2021, 10:46 PM EST) A Delaware federal judge on Monday rejected Icon Health & Fitness bid for a preliminary injunction to block Peloton from selling its new Bike+ product, ruling that Peloton raised enough questions on the validity of its rival s patent-infringement claims to avoid a shutdown of its sales.
U.S. District Judge Richard G. Andrews said that Icon Health & Fitness Inc., which makes NordicTrack exercise products, offered only conclusory assertions to invalidity while relying almost solely on an expert s declaration that failed to demonstrate a likelihood of success on its claims.
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The global exercise bike market reached a value of US$ 597.5 Million in 2020. Exercise bike, also known as stationary cycle, is an immobile fitness machine which resembles an ordinary bike. It has various sub-parts which include a saddle, pedals, handlebars and foot straps. In comparison with other exercising equipment, an exercise bike offers a lower-impact workout which is apt for those who are suffering from lower back or joint issues. Moreover, it assists in improving the overall fitness of the body by reducing weight, and combating lifestyle diseases such as stress, diabetes and hypertension. Looking forward, the publisher expects the global exercise bike market to reach a value of US$ 795.4 Million by 2026, exhibiting a CAGR of 4.76% during 2021-2026.