Peloton’s lower-priced treadmill is lastly promoting after addressing issues of safety

By Jordan Valinsky, CNN Business

The cheaper and smaller treadmill from Peloton is finally on the market.

The Peloton Tread’s release was originally slated for May, but was suspended due to safety concerns for the company’s high-end treadmill, resulting in a massive recall of both machines. Now the machine will be released for $ 2,495 in the United States, Canada, and the United Kingdom on August 30th.

Peloton said in a press release that the Tread has the “latest in software and hardware security features,” including a four-digit passcode that owners must enter before a workout that unlocks the belt. Also included is a security key to help the user stop a training session if necessary.

“Our goal is to be the fitness solution of choice and the largest, safest home fitness brand in the world,” said John Foley, CEO of Peloton, in a statement accompanying the release of Tread.

Approximately 1,000 treadmill machines were sold in a pre-launch campaign and the company is working with existing owners to fix them. Peloton said on its website that owners can schedule appointments at home to fix the touchscreen so it stays safe.

The repair has been approved by the Consumer Product Safety Commission and owners will be able to use it again after the error has been fixed. Peloton said the repair is already included with Treads, which go on sale next week.

Peloton is still working on a solution for the Tread +, which was recalled in May following the death of a child and 70 other injuries. The sale of the machine remains paused.

Peloton suffers significant financial damage from the recall: sales lost about 165 million US dollars in the current quarter. The company released its fourth quarter results on Thursday.

The CNN Wire
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