and rival Echelon Fitness on Tuesday said they had settled all pending litigation between them, more than three years after Peloton sued the Tennessee-based fitness company for patent infringement.
Echelon has agreed to stop using Peloton's patented leaderboard technology in on-demand classes, the companies said in a statement.Peloton, known for its exercise bikes with live-streaming and on-demand group workouts, had filed the lawsuit against Echelon Fitness in 2019 alleging it infringed Peloton's patents and sold "cheap, copycat" products.another lawsuit for allegedly copying its remote-workout technology.
The New York-based company had alleged Echelon bikes, treadmills and rowing machines infringed a patent covering a "control station", related to a leaderboard that helps users compare their performances during live classes. Peloton was all the rage among fitness enthusiasts during COVID-19 lockdowns, but with people returning to gyms, the company saw demand for its fitness equipment dwindle.Reporting by Kannaki Deka in Bengaluru; editing by Milla Nissi
⚡️ Spectacular Goals that Win Nigeria 🇳🇬 (5th) Under 17 World Cup 🏆🦅 Watch full click 👇🏻 .
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ForbesTech - 🏆 318. / 59 Read more »