Nautilus Announces Global Commercial License for Its Leading TreadClimber® Patent Technologies
25 October 2011 - 7:12AM
Business Wire
October 24, 2011 - Nautilus, Inc. (NYSE: NLS) announced today
that it has entered into an exclusive global license arrangement
with Core Health and Fitness, LLC to provide Core with the right to
utilize patented technologies included in Nautilus’s popular
TreadClimber® exercise machines to manufacture and market
TreadClimbers® exclusively for the commercial health club and
fitness markets. The agreement also allows the use of the
TreadClimber® trademark on products in these markets. Nautilus
currently licenses its Schwinn® brand to Core Health and Fitness
for use on indoor cycling products for the commercial market.
Nautilus’s patented technologies for its innovative
TreadClimber® family of products create a fitness machine that
uniquely combines treadmill and stair climbing movements into one
highly efficient exercise modality. Nautilus markets its
TreadClimber® products for consumer home use exclusively through
its direct marketing channels. In addition, Nautilus markets
through retail and direct channels a broad array of other cardio
and strength home-fitness equipment, including exercise bikes,
ellipticals, treadmills, home gyms, selectorized dumbbells and the
soon-to-be released innovative CoreBody ReformerTM.
Bill McMahon, Chief Operating Office for Nautilus, commented
that, “We believe our expanded relationship with Core Health and
Fitness is a unique opportunity to strategically leverage our
intellectual property and is a further testament to the popularity
and effectiveness of our TreadClimber® products. Our management
team believes that with such broad and growing acceptance of our
innovative TreadClimber® technologies, both the consumer-home
market and commercial markets can continue to grow and be
successful. In addition, this agreement allows us to cross-leverage
our intellectual property in all channels to build consumer
awareness and loyalty.”
About Nautilus, Inc.
Headquartered in Vancouver, Washington, Nautilus, Inc. (NYSE:
NLS) is a global fitness products company providing innovative,
quality solutions to help people achieve a healthy lifestyle. With
a brand portfolio including Nautilus®, Bowflex®, Schwinn®, Schwinn
Fitness™ and Universal®, Nautilus markets innovative fitness
products through Direct and Retail channels. Websites:
www.nautilusinc.com, www.bowflex.com, www.treadclimber.com and
www.corebody.com.
This press release includes forward-looking statements
(statements which are not historical facts) within the meaning of
the Private Securities Litigation Reform Act of 1995, including
statements concerning the prospects for new Company products,
current or future financial trends or operating results. Factors
that could cause Nautilus, Inc.'s actual results to differ
materially from these forward-looking statements include our
ability to acquire inventory from sole source foreign manufacturers
at acceptable costs, within timely delivery schedules and that meet
our quality control standards, availability and price of media time
consistent with our cost and audience profile parameters, a decline
in consumer spending due to unfavorable economic conditions, an
adverse change in the availability of credit for our customers who
finance their purchases, our ability to pass along vendor raw
material price increases and increased shipping costs, our ability
to effectively develop, market and sell future products, our
ability to protect our intellectual property, the introduction of
competing products, and our ability to get foreign-sourced product
through customs in a timely manner. Additional assumptions, risks
and uncertainties are described in detail in our registration
statements, reports and other filings with the Securities and
Exchange Commission, including the "Risk Factors" set forth in our
Annual Report on Form 10-K, as supplemented by our quarterly
reports on Form 10-Q. Such filings are available on our website or
at www.sec.gov. You are cautioned that such statements are not
guarantees of future performance and that actual results or
developments may differ materially from those set forth in the
forward-looking statements. We undertake no obligation to publicly
update or revise forward-looking statements to reflect subsequent
events or circumstances.
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