© Reuters. A Peloton logo is pictured on a sign outside a store in the Manhattan borough of New York City, U.S., January 25, 2022. REUTERS/Carlo Allegri
(Reuters) – The U.S. Consumer Product Safety Commission (CPSC) on Thursday approved a repair for a rear guard of Peloton Interactive (NASDAQ:) Inc’s recalled ‘Tread+’ treadmill.
The fitness equipment maker had announced a costly recall of its ‘Tread+’ treadmill in 2021 following the reports of multiple injuries and the death of a child in an accident.
Shares of Peloton were up 3.1% at $7.4 in morning trading.
Peloton’s Tread+ is a “slat-belt” treadmill that needs a higher torque motor and ground clearance than a typical home treadmill, making them a risk for children and pets.
“The approved rear guard repair eliminates the potential for entrapment near the rear roller of the treadmill,” the safety regulator said in a statement.
“The rear guard repair features a breakaway design that pivots away from the treadmill when it comes into contact with a person or object, shutting off power to the unit and decelerating the belt.”
To date, in addition to the reported death, Peloton has received a total of 351 incident reports of pull-unders, including 90 reports of injuries to consumers, according to the CPSC.
Peloton will offer the guard free of charge to all members who own a ‘Tread+’, the virtual workout company said in a statement on its website.
Read the full article here
Offers free spin