Biking | Jotup

Vanpowers Launches UrbanGlide in Europe. Custom-built for Commuters, the Connected, Intelligent E-bike Can Go 110 km on a Single Charge

Retrieved on:

Wednesday, June 21, 2023

Recreational Vehicles, EV, Electric Vehicles, Sports, Outdoors, Motorcycles, Consumer Electronics, Batteries, Transportation, Technology, Automotive, Travel, Biking, Cycling, Hall, Metro, Multimedia, Research, Road

Vanpowers officially announced the European launch of its latest e-bike, UrbanGlide — a precision-built, high torque, smooth-powered bike with a 500-watt motor designed for metro commuters and capable of traveling 110 kilometers on a single charge.

Key Points:

Vanpowers officially announced the European launch of its latest e-bike, UrbanGlide — a precision-built, high torque, smooth-powered bike with a 500-watt motor designed for metro commuters and capable of traveling 110 kilometers on a single charge.
View the full release here: https://www.businesswire.com/news/home/20230621166757/en/
Vanpowers latest e-bike UrbanGlide (Photo: Business Wire)
The UrbanGlide-Ultra is now available for pre-order for the early-bird price of €2,599.
“We created UrbanGlide specifically for commuters navigating the concrete jungle,” said Darik Duan, chief of research and development at Vanpowers.
Every component--from the hydraulic brakes, powerful motor, the suspension fork, the ultra-comfortable suspension seatpost and saddle, the long-range battery, etc—was carefully considered.

Vista Outdoor Celebrates Latest Outdoor Participation Figures

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Monday, June 19, 2023

Vista Outdoor Celebrates Latest Outdoor Participation Figures -- The outdoor recreation participant base grew 2.3 percent in 2022 to a record 168.1 million participants, or 55 percent of the U.S. population ages 6 and older. (Photo: Business Wire)

Key Points:

Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, celebrates the findings of Outdoor Industry Association’s 2023 Outdoor Participation Trends Report , which shows the outdoor recreation participant base grew 2.3 percent in 2022 to a record 168.1 million participants, or 55 percent of the U.S. population ages 6 and older.
View the full release here: https://www.businesswire.com/news/home/20230619671305/en/
Vista Outdoor Celebrates Latest Outdoor Participation Figures -- The outdoor recreation participant base grew 2.3 percent in 2022 to a record 168.1 million participants, or 55 percent of the U.S. population ages 6 and older.
“Our goal — through the innovative products we make and the outdoor nonprofit groups we support through the Vista Outdoor Foundation — is to help everyone enjoy outdoor activities, whether that’s hiking, cycling, fishing, hunting, golfing, camping or all of the above,” said Gary McArthur, interim CEO, Vista Outdoor.
New and young outdoor participants are significantly more diverse than the current outdoor base and overall U.S. population and are accelerating quickly.”
Vista Outdoor and its portfolio of brands are working to keep that trend of more diverse outdoor participation moving in the right direction.

Selle Italia Scales its Brand Worldwide with BigCommerce

Retrieved on:

Thursday, June 15, 2023

Digitally transforming our brand was the way to go,” said Jacopo Penso, ecommerce manager at Selle Italia.

Key Points:

Digitally transforming our brand was the way to go,” said Jacopo Penso, ecommerce manager at Selle Italia.
With over 120 years of history, Selle Italia has used traditional methods to grow its business through third-party distributors and cycle shops.
To service existing customers around the world, Selle Italia turned to BigCommerce elite tech partner Calicantus .
“There’s no better partner with reliable and scalable services and solutions than BigCommerce to make this launch successful.”
In 2016, Selle Italia acquired Selle San Marco and aims to give worldwide customers the same immersive shopping experiences on the BigCommerce platform as its Selle Italia brand.

Nautilus, Inc. Announces $5,000,000 Registered Direct Offering

Retrieved on:

Thursday, June 15, 2023

The closing of the offering is expected to occur on or about June 20, 2023, subject to the satisfaction of customary closing conditions.

Key Points:

The closing of the offering is expected to occur on or about June 20, 2023, subject to the satisfaction of customary closing conditions.
In addition, in a concurrent private placement, the Company will issue to the investor warrants to purchase up to 4,098,362 shares of common stock.
Roth Capital Partners is acting as the exclusive placement agent for the offering.
The gross proceeds to the Company from this offering are expected to be approximately $5 million, before deducting the placement agent’s fees and other offering expenses payable by the Company.

Xponential Fitness, Inc. Announces Upcoming Conference Participation

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Monday, June 12, 2023

Sports, Other Consumer, Other Sports, Health, Women, Men, Boxing, Running, Fitness & Nutrition, Biking, Cycling, Consumer, Fitness, Evercore, NYSE, Conference, Cryptocurrency

Xponential Fitness, Inc. (NYSE: XPOF) (the “Company” or “Xponential Fitness”), the largest global franchisor of boutique fitness brands, today announced Anthony Geisler, Chief Executive Officer, and John Meloun, Chief Financial Officer, will participate in the following upcoming investor conferences:

Key Points:

Xponential Fitness, Inc. (NYSE: XPOF) (the “Company” or “Xponential Fitness”), the largest global franchisor of boutique fitness brands, today announced Anthony Geisler, Chief Executive Officer, and John Meloun, Chief Financial Officer, will participate in the following upcoming investor conferences:
The Evercore ISI 3rd Annual Consumer and Retail Conference to be held virtually June 13-15, 2023.
Management is scheduled to present on Tuesday, June 13th at 8:45 a.m.
The 2023 Jefferies Consumer Conference to be held June 20-21, 2023, in Nantucket, Massachusetts.
Management is scheduled to participate in meetings with investors throughout the conference.

Norgren to Introduce Ergonomically-Advanced Electric Bike Repair Stands at (e)revolution

Retrieved on:

Thursday, June 1, 2023

The Norgren Electric Bike Repair Stand allows bikes to be lifted directly from the floor to the desired work height by means of an electric actuator activated by simply pressing a wired hand switch.

Key Points:

The Norgren Electric Bike Repair Stand allows bikes to be lifted directly from the floor to the desired work height by means of an electric actuator activated by simply pressing a wired hand switch.
“Norgren is proud to present our innovative solutions to the challenges faced by the rapidly growing e-bike industry,” said Ken Chung, director of Product Management at Norgren.
The Electric Bike Repair Stand is Norgren’s first offering in the field of bikes and e-bikes.
IMI, Norgren, Bahr Modultechnik, Bimba, Buschjost, FAS, Herion, Kloehn and Maxseal are registered trademarks of IMI and Norgren companies.

Bowflex Parent, Nautilus, Inc. Reports Fourth Quarter and Full Year Fiscal 2023 Results

Retrieved on:

Tuesday, May 23, 2023

Bowflex Parent, Nautilus, Inc. (NYSE: NLS) today reported its unaudited operating results for the fiscal 2023 fourth quarter and year ended March 31, 2023.

Key Points:

Bowflex Parent, Nautilus, Inc. (NYSE: NLS) today reported its unaudited operating results for the fiscal 2023 fourth quarter and year ended March 31, 2023.
Fiscal Fourth Quarter Ended March 31, 2023 Compared to Fiscal Fourth Quarter Ended March 31, 2022
Net sales were $68.4 million, compared to $119.7 million, a decline of 42.9% versus last year.
The decrease in trade receivables was primarily driven by lower sales in the fourth quarter of fiscal 2023.
As noted in the pre-announcement of results for the fourth quarter of fiscal 2023, as of May 2, 2023, cash and restricted cash was $19 million while total borrowings were $18 million.

Corpay Cross-Border Announced as World Triathlon’s Official Foreign Exchange Payments Supplier

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Thursday, May 11, 2023

Corpay1, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, is pleased to announce that Corpay’s Cross-Border business has entered into an agreement with World Triathlon, the worldwide governing body of international triathlon and its related multi-sports to become their Official Foreign Exchange (FX) Payments Supplier.

Key Points:

Corpay1, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, is pleased to announce that Corpay’s Cross-Border business has entered into an agreement with World Triathlon, the worldwide governing body of international triathlon and its related multi-sports to become their Official Foreign Exchange (FX) Payments Supplier.
As part of this partnership, Corpay Cross-Border has also been named an Official World Triathlon Supplier and Official Event Supplier.
Additionally, Corpay Cross-Border’s award-winning platform will enable eligible companies to manage their global payments from a single point of access.
"The team at Corpay Cross-Border is very honoured to be named the Official FX Payments Supplier for World Triathlon" said Brad Loder, Vice President, Cross-Border Marketing, Corpay Cross-Border Solutions.

Rave the Day Away with Glowbal Glow Rides at CycleBar

Retrieved on:

Tuesday, May 9, 2023

CycleBar , the world’s largest indoor cycling franchise with over 280 studios, announced today a Glowbal Rave Ride on May 11 across studios in the United States, Canada and Australia.

Key Points:

CycleBar , the world’s largest indoor cycling franchise with over 280 studios, announced today a Glowbal Rave Ride on May 11 across studios in the United States, Canada and Australia.
CELSIUS Essential Energy, the official energy drink of CycleBar, is teaming up with dozens of CycleBar locations to sponsor live DJ rides in the United States.
View the full release here: https://www.businesswire.com/news/home/20230509005403/en/
Throughout the entire day on May 11, select CycleBar studios will be hosting these out-of-this-world, live music-driven rides, fueled by CELSIUS in the U.S.
This Glowbal Rave Ride is not the first time CycleBar has coordinated a concurrent event across its many studios.

Bowflex Parent, Nautilus, Inc. Announces Actions to Enhance Its Balance Sheet, Including the Sale of Non-Core Assets for $13 Million

Retrieved on:

Tuesday, May 2, 2023

Bowflex parent, Nautilus, Inc. (NYSE: NLS) (the “Company”) today announced actions to enhance its balance sheet, including the sale of non-core assets.

Key Points:

Bowflex parent, Nautilus, Inc. (NYSE: NLS) (the “Company”) today announced actions to enhance its balance sheet, including the sale of non-core assets.
The Company has completed the sale of non-core assets for approximately $13 million in cash as part of its ongoing comprehensive strategic review.
As of today, the Company’s cash, cash equivalents, and restricted cash balance is about $19 million and borrowings are about $18 million.
This compares to cash, cash equivalents, and restricted cash balance of about $16 million and borrowings of about $61 million as of December 31, 2022.