San Diego, CA (January 29, 2013) ElliptiGO Inc., creators of the world’s fastest elliptical cycles, today announced that 2012 was a record-setting year for the company. Revenues for all product lines improved year over year in 2012 and there are now more than 7,000 ElliptiGOs on the road, nearly twice as many as a year ago. The company’s products are currently being used by more than 50 of the top runners in the country, including Olympians Meb Keflezighi, Julie Culley, Madga Lewy Boulet, Adam Goucher, Geena Gall, Alysia Montaño, Shannon Rowbury, and Mary Decker Slaney. ElliptiGO has had a compounded annual growth rate of more than 60% since launching in 2010 and the company expects to experience strong growth again in 2013.
“2012 was a great year for ElliptiGO,” stated Bryan Pate, Co-Founder and Co-President of ElliptiGO. “In addition to record revenues, ElliptiGO gained even more traction within the running community in 2012 and expanded the competitive side of the sport of elliptical biking. When we see healthy runners at the top of their game, like Meb Keflezighi, integrating the ElliptiGO into their training so they can get faster, and former runners like Mary Decker Slaney competing in ElliptiGO events, it reinforces our belief that the ElliptiGO is solving a real problem for the running community. That bodes well for our future and the future of this new industry, and we’re very excited to see what 2013 will bring both in terms of sales and athlete performances.”
Other notable 2012 achievements for the company include expanding their U.S. dealer network to more than 250 locations across the country, expanding distribution to South America, doubling the size of their sales team, getting ElliptiGOs integrated into track and cross-country programs at major universities, and having the ElliptiGO featured on Good Morning America, Fox News, CNN, the New York Times, the Wall St. Journal, Oprah Magazine, Anderson Cooper Live, Runner’s World and Running Times Magazine.
Elite athletes who are using the ElliptiGO as part of their training include:
Learn about The ElliptiGO Project, which exists to make runners faster through innovation. It is currently growing membership, adding new innovative running tools, and affiliating with other organizations that share the same goal of improving athletes’ performance through innovation. The Project tests new training techniques through competition, both on the track and on the road, and reports its findings with candor.