Omeo update

24 June 2020

Omeo Technology was informed this morning that Ninebot, the owner of Segway, will stop production of the Segway PT on 15 July 2020. The Bedford factory is already closing down with the China production line following close behind. We only became aware a few hours before the public announcement and are therefore taking time to review the rapidly evolving situation.

What does the end of Segway mean for Omeo – the simple answer is ‘We don’t know …..yet’.

For now, we are ‘business as usual’ with an increasing level of interest and sales. This news was totally unexpected and, as such, over the next few days, we will be discussing with Directors a number of options. We are also reaching out to others in our broad community to see how the future might shape.

As the story unfolds we’ll keep you informed and commit to providing further detail within two weeks.

Please be assured that the Omeo Team does not see this as the end of this adventure – it may just be a pivot point in the rollercoaster journey of a start-up.

Should you have any immediate questions please contact us through our website.

Kind regards,

The Omeo Team
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