Peloton
At a recent online event, CEO John Foley and Chief Content Officer Jennifer Cotter looked back at an eventful year.
The company is also subject to a class action litigation and personal injury claims.
The new Peloton Tread comes with updated safety features including a passcode and safety key.
The game is expected to roll out in early 2022 and in the winter of 2021 for members.
Bloomberg reports that the armbands will be able to connect to the company's smart bikes and treadmills.
Now companies in the United States, the U.K., Canada, Germany, and soon Australia, can offer their employees access to Peloton’s workout classes and more.
The new safety feature will require users to set a 4-digit passcode to unlock the treadmill band.
Peloton anticipates treadmill recalls will cost the company roughly $165 million.
The news comes after 70 injuries and one child death were reported in relation to the treadmills.
Users can now go on virtual scenic runs or bike rides.