Dear customer,
We have very good news
FINALLY, we have figured out the last pieces of our industrialisation puzzle. We will start limited component production within three weeks. This long-awaited update will share how we will start to fulfil our commitments. Firstly, thank you for your patience and secondly, our deepest apologies for the lack of communication. We needed to make sure we were ready for production.
What has happened
We had to overcome many complex challenges of our industrialisation process. Especially with the quality and reliability of our original suppliers. This included some legal challenges. All of this has caused an unforeseen and unsurmountable increase in development and production costs.
Our efforts to solve these major setbacks were further impacted by the global corona crises. Needless to state that the company ended up in a financial crisis. All efforts to attract potential investors eventually failed due to an increase in negative media attention.
We will start shipping
But finally, we are happy to share that we have overcome most of these challenges. We have secured a very reliable production partner. As a result, we can sell our left only power meter set nearly as cheap as a high-end regular bike pedal set: €179 incl. tax, excl. shipping cost, $149.90 excl. tax. We will also start production of the dual power meter set beginning next year. Production for the MTB power meter set will start during the summer.
This will allow more fellow cyclists around the world to start using power meter pedals. The first limited batch of products can be shipped beginning 2023.
We will need to start selling
In order to carefully manage the company’s cash flow challenges, we are required to start selling limited volumes via our web shop and at the same time start ramping up shipment of outstanding commitments. In our next update we will further explain how we plan to execute this strategy. We are very confident that we will have shipped all committed orders by the end of August 2023.
An extra year warranty for free
As compensation for our inability to deliver your order in time, we offer a 12-month extra warranty valued at €59, - incl. tax, $49, - excl. tax free of charge. Please check if your personal information is still up to date. Updates can be forwarded to
[email protected]. For your information this is a no-reply mail address.
Team - iQsquare
Habe tatsächlich nen Moment gebraucht...
