Segway goes public

The Segway two-wheeled electric scooter is now available for retail purchase by consumers. It made its debut last year as an alternative form of transportation and as an alternative to walking. Tested by police officers, postal workers, utility meter readers and others, Segway has received rave reviews. Steered by a standing rider's shifting weight and a gyroscope, the scooter can go as fast as 15 mph. The consumer model of the Segway will retail for $4,950 US and will be exclusively sold by online retailer, Orders are being taken now, with reported delivery available in March of 2003. Segway's Chairman of the Board, who is also its inventor, claims to have thousands of prospective buyers waiting for the retail version of the Segway.

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