Indoor cycling business Peloton has settled its patent infringement case against Flywheel Sports, with Flywheel simultaneously dropping a separate counter proceeding at the U.S. Patent and Trademark office.
“We’re very excited to have registered a massive win in our fight to protect Peloton’s intellectual property. This result reinforces the strength of our patent portfolio and reaffirms our lead as an innovation company operating at the intersection of fitness, technology and content,” said Hisao Kushi, Chief Legal Officer and Co-Founder of Peloton.
The suit began with registrations of complaints in 2018 and 2019 by Peloton against Flywheel in relation to the firm’s Fly Anywhere bike.
“Peloton Interactive, Inc. is pleased to announce that it has settled its patent infringement litigation against Flywheel Sports, Inc. As a condition of the settlement, Flywheel has agreed to immediately cease its use of Peloton’s patented technology, and Peloton has agreed to dismiss its litigation against Flywheel. Flywheel, likewise, has terminated its proceedings against Peloton at the U.S. Patent and Trademark Office.”
Within the court documents, Flywheel made the admission that Peloton’s patents were indeed valid and enforceable.
The patents relate to Peloton’s “at home”, “remote streaming” and leaderboard technology.
The cases are Peloton Interactive Inc. v. Flywheel Sports Inc., Nos. 2:18-cv-00390 and 2:19-CV-00317, in the U.S. District Court for the Eastern District of Texas.
Peloton has shaken of a rocky period, posting green shoots in its financial statement made in November, simultaneously completing the acquisition of its Taiwanese supplier Tonic Fitness.