Maggie Lu uses the Peloton Tread treadmill during CES 2018 at the Las Vegas Convention Center on January 11, 2018 in Las Vegas, Nevada.
Ethan Miller | Getty’s paintings
peloton said Thursday it would release a rear safety guard for the Tread+ treadmill, working with the U.S. Consumer Product Safety Commission.
Shares rose more than 1% following the news.
The Tread+ treadmill has been at the center of Peloton safety concerns in recent years. Treadmill sales have been put on hold because a toddler died under the Tread+ treadmill in 2021.
Since the recall, 279 more incidents and 61 reports of injury have been reported, Peloton and the CPSC said in a joint statement.
The safety cover will be offered free of charge to those who own a Tread+ treadmill, the company said in a statement.
Customers can pre-register to receive a guardian. It is still in production and is expected to be available in the fall.
Following the 2021 recall, Peloton told Tread+ treadmill owners to stop using the product.
The new cover has a tear-off design that pulls away from the treadmill when it touches an object, which turns off the power and slows down the belt. This is to eliminate the possibility of entrapment near the back of the treadmill, which has been a major cause of incidents in the past.
“As a brand dedicated to supporting Members in their fitness journey, Peloton remains committed to ensuring they access our world-class fitness experiences in the safest way possible,” the company said.
In addition to the issues with the Tread+ treadmill, Peloton has been plagued by other safety issues in recent years.
Amid growing concerns, the company has changed its stance on product recalls in recent weeks.
Last week, when the U.S. Consumer Product Safety Commission recalled 2.2 million Peloton bicycles for safety reasons, Peloton cooperated by saying that “it is important for the CPSC to be proactively involved in addressing this issue and to work quickly and collectively to find a remedy.” remedial.”
A part defect in the PL01 model number motorcycles led to 12 reported injuries, including one wrist fracture, according to an internal Peloton memo.
Previously, the company was reluctant to cooperate with officials and objected to potential flaws. Peloton said it took action despite the relatively small number of bikes affected, as it was a “member first” company, according to an internal memo.
Earlier this month, the company reported a larger-than-expected loss for its third fiscal quarter while forecasting its first-ever decline in subscribers.