Gates Launches New Personal Mobility Products Amidst Global Surge in Bicycle Demand

Rhea-AI Summary

Gates (NYSE: GTES) is responding to increasing global demand for sustainable transportation solutions by launching new products in its Carbon Drive portfolio. The updated line includes the Sidetrack (ST) for entry-level cyclists, Carbon Drive Network (CDN) for recreational users, Carbon Drive Commute (CDC) for urban commuting, and Carbon Drive Expedition (CDX:EXP) for rugged adventures. These innovations enhance the durability and performance of ebikes and bicycles, utilizing advanced materials to support the growing trend towards more environmentally friendly personal mobility options.

Positive

• Launch of new Carbon Drive product lines catering to various cycling needs.
• Focus on sustainable and environmentally friendly transportation solutions.
• Innovative designs aimed at enhancing durability and performance for ebikes and bicycles.

Negative

• None.

DENVER, June 18, 2020 /PRNewswire/ -- Gates (NYSE: GTES), a leading global provider of fluid power and power transmission solutions, is on a quest to "unchain" personal mobility. Around the world, demand is rising for alternative methods of transportation, as people look for smarter, more affordable, more environmentally friendly solutions to get to where they need to go.

Building on a 40-year legacy of designing and manufacturing belt-drives as a lower-maintenance, rust-free, quieter and stronger alternative to chain drives for two-wheelers, Gates Carbon Drive is refreshing its overall product portfolio with new and expanded component lines, offering next-generation sprockets, belts and cranksets optimized for ebikes, entry-level commuter and extreme performance bicycles. Gates' industry-leading portfolio of mobility solutions covers a wide variety of applications:

• Sidetrack (ST): for seasonal, recreational cyclists looking for their first belt-driven bike (new)
• Carbon Drive Network (CDN): for seasonal, recreational cyclists who commute occasionally
• Carbon Drive Commute (CDC): for cyclists who bike or ebike for many kinds of urban trips (new)
• Carbon Drive Xtreme (CDX): for cyclists who ride pavement or dirt year-round
• Carbon Drive Expedition (CDX:EXP): for cyclists up for toughest, grittiest pavement or dirt adventures (new)

The SideTrack (ST) system is a new cost-optimized solution designed specifically for manufacturers of entry-level performance and leisure bikes and features a novel sprocket design and value-oriented belt construction.

The Carbon Drive Commute (CDC) line, with next-generation CenterTrack™ design, features patent-pending technologies that optimize value and durability. Designed for leisure and light commuter-style mid-motor ebikes, the new CDC line will enable more consumers to experience the advantages of the Gates Carbon Drive system.

Finally, the Carbon Drive Expedition (CDX:EXP) line is expanding to include three new sprockets made of high-hardness, high-strength steel or aluminum and features the patented CenterTrack belt design. The CDX:EXP system enables even bigger all-weather adventuring over the toughest trails and harshest environments where a durable, reliable, low-maintenance belt-driven system excels over the traditional chain assembly.  

"For more than a century, Gates has pushed the boundaries, leveraging materials science expertise to advance and improve transportation technology. Today, we're helping drive the rapid evolution of personal mobility," said Tom Pitstick, Gates CMO and senior vice president of Product Line Management. "These innovative products will allow the use of Gates belt drives on an even wider range of electric bikes and bicycles, which is especially important now as more people than ever before are embracing personal mobility options for commuting, fitness and recreation. The new offerings add to Gates' extensive range of power transmission systems for transportation and industrial applications where clean, safe and durable belt drives offer significant advantages over traditional chain drives."

To learn more about products from Gates Carbon Drive, visit www.gatescarbondrive.com.  

About Gates
Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse replacement channel customers and to original equipment ("first-fit") manufacturers as specified components. Gates participates in many sectors of the industrial and consumer markets. Gates products play essential roles in a diverse range of applications across a wide variety of end markets ranging from harsh and hazardous industries such as agriculture, construction, manufacturing and energy, to everyday consumer applications such as printers, power washers, automatic doors and vacuum cleaners, and virtually every form of transportation. Gates products are sold in 128 countries across four commercial regions: the Americas; Europe, Middle East and Africa; Greater China; and East Asia and India. More about Gates can be found at www.gates.com.

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SOURCE Gates

FAQ

What new products has Gates launched for personal mobility?

Gates has introduced new lines in its Carbon Drive portfolio, including Sidetrack (ST), Carbon Drive Network (CDN), Carbon Drive Commute (CDC), and Carbon Drive Expedition (CDX:EXP).

How does Gates' new product line address bicycle demand?

The new products are designed to meet the rising global demand for bicycles by offering durable, low-maintenance belt-driven systems optimized for various cycling applications.

What are the benefits of the new Gates Carbon Drive products?

The new products offer advantages like lower maintenance, increased durability, and suitability for a wide range of bicycles and ebikes.

When did Gates announce the launch of its new product line?

Gates announced the launch of its new personal mobility products on June 18, 2020.

What markets are Gates' products intended for?

Gates products are marketed for a variety of applications including personal mobility, industrial, and transportation sectors.