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Segway Inc. was founded in July 1999 to develop non-medical applications for the self-balancing technology, and the Segway PT, a two-wheeled personal transporter, was launched in December 2001, [6] with first deliveries to customers in early 2002.
It was brought to market in 2001 as the Segway HT, and then subsequently as the Segway PT. HT is an initialism for "human transporter" and PT for "personal transporter." Ninebot, a Beijing -based transportation robotics startup rival, acquired Segway Inc. in April 2015, broadening the company to include other transportation devices.
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Dean Lawrence Kamen (/ ˈ k eɪ m ɪ n /; born April 5, 1951) is an American engineer, inventor, and businessman.He is known for his invention of the Segway and iBOT, [2] as well as founding the non-profit organization FIRST with Woodie Flowers.
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