STOCK TITAN

Life Time Files Patent, Announces The Ultimate Pickleball

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags

Life Time, a leader in the rapidly growing sport of pickleball, has filed a patent for The Ultimate Pickleball. Designed by Life Time Founder, CEO, and Chairman Bahram Akradi, this new ball aims to address issues of inconsistent speed, bounce, and durability in existing pickleballs. The patent-pending ball will be unveiled on August 19 at Life Time's PENN 1 in New York City, featuring tennis legend Andre Agassi.

The Ultimate Pickleball will debut exclusively in Life Time clubs and be used in all Pickleball Classic tournaments. Later, it will be available for sale at Life Time's racquet sports pro shops and online. Life Time continues to expand its pickleball offerings, with over 700 permanent courts across its locations and partnerships with major leagues like MLP and PPA.

Life Time, leader nel rapidamente crescente sport del pickleball, ha depositato un brevetto per Il Pickleball Definitivo. Prodotto dal fondatore, CEO e presidente di Life Time, Bahram Akradi, questa nuova pallina mira a risolvere problemi di velocità, rimbalzo e durabilità non costanti nei pickleball esistenti. La pallina, in attesa di brevetto, sarà presentata il 19 agosto presso il PENN 1 di Life Time a New York, con la partecipazione della leggenda del tennis Andre Agassi.

Il Pickleball Definitivo debutterà esclusivamente nei club Life Time e sarà utilizzato in tutti i tornei del Pickleball Classic. In seguito, sarà disponibile per l'acquisto presso i negozi di sport da racchetta di Life Time e online. Life Time continua ad ampliare le sue offerte di pickleball, con oltre 700 campi permanenti nelle sue sedi e collaborazioni con importanti leghe come MLP e PPA.

Life Time, líder en el deporte en rápido crecimiento del pickleball, ha presentado una patente para El Pickleball Definitivo. Diseñado por Bahram Akradi, fundador, CEO y presidente de Life Time, esta nueva pelota tiene como objetivo resolver problemas de velocidad, rebote y durabilidad inconsistentes en los pickleballs existentes. La pelota, pendiente de patente, se revelará el 19 de agosto en el PENN 1 de Life Time en la ciudad de Nueva York, con la presencia de la leyenda del tenis Andre Agassi.

El Pickleball Definitivo debutará exclusivamente en los clubes Life Time y se usará en todos los torneos del Pickleball Classic. Más adelante, estará disponible para la venta en las tiendas pro de deportes de raqueta de Life Time y en línea. Life Time sigue ampliando su oferta de pickleball, con más de 700 canchas permanentes en sus ubicaciones y asociaciones con importantes ligas como MLP y PPA.

라이프 타임(Life Time)은 빠르게 성장하는 피클볼(pickleball) 스포츠의 선두주자로서 궁극의 피클볼에 대한 특허를 출원했습니다. 라이프 타임의 창립자이자 CEO, 회장인 바흐람 아크라디(Bahram Akradi)가 설계한 이 새로운 공은 기존 피클볼의 불규칙한 속도, 바운스, 내구성 문제를 해결하는 데 초점을 맞추고 있습니다. 특허 출원 중인 이 공은 8월 19일, 뉴욕의 라이프 타임 PENN 1에서 테니스 전설 앤드레 아가시(Andre Agassi)와 함께 공개될 예정입니다.

궁극의 피클볼은 라이프 타임 클럽에서 독점적으로 데뷔하며 모든 피클볼 클래식 토너먼트에서 사용될 것입니다. 이후에는 라이프 타임의 라켓 스포츠 프로샵과 온라인에서 판매될 예정입니다. 라이프 타임은 700개 이상의 영구 코트를 보유하고 있으며 MLP 및 PPA와 같은 주요 리그와의 파트너십을 통해 피클볼 제공을 계속 확장하고 있습니다.

Life Time, un leader dans le sport en pleine expansion du pickleball, a déposé un brevet pour Le Pickleball Ultime. Conçu par Bahram Akradi, fondateur, PDG et président de Life Time, cette nouvelle balle vise à résoudre les problèmes de vitesse, de rebond et de durabilité incohérents rencontrés dans les pickleballs existants. La balle, en attente de brevet, sera dévoilée le 19 août au PENN 1 de Life Time à New York, en présence de la légende du tennis Andre Agassi.

Le Pickleball Ultime fera ses débuts exclusivement dans les clubs Life Time et sera utilisé dans tous les tournois du Pickleball Classic. Plus tard, il sera disponible à la vente dans les magasins de sports de raquette de Life Time et en ligne. Life Time continue d'élargir son offre de pickleball, avec plus de 700 terrains permanents dans ses établissements et des partenariats avec des ligues majeures comme MLP et PPA.

Life Time, ein führendes Unternehmen im schnell wachsenden Sport des Pickleball, hat ein Patent für Den Ultimativen Pickleball angemeldet. Entworfen von Bahram Akradi, dem Gründer, CEO und Vorsitzenden von Life Time, zielt dieser neue Ball darauf ab, Probleme mit inkonsistenter Geschwindigkeit, Sprung und Haltbarkeit bei bestehenden Pickleballs anzugehen. Der patentierte Ball wird am 19. August im PENN 1 von Life Time in New York City vorgestellt, zusammen mit Tennislegende Andre Agassi.

Der Ultimative Pickleball wird exklusiv in den Life Time Clubs vorgestellt und in allen Pickleball Classic Turnieren verwendet. Später wird er in den Pro-Shops für Racketsportarten von Life Time und online erhältlich sein. Life Time erweitert weiterhin sein Pickleball-Angebot mit über 700 dauerhaften Plätzen an seinen Standorten und Partnerschaften mit großen Ligen wie MLP und PPA.

Positive
  • Filing of patent for The Ultimate Pickleball, potentially creating a new revenue stream
  • Expansion of pickleball offerings with over 700 permanent courts across locations
  • Partnerships with major leagues like Major League Pickleball (MLP) and Professional Pickleball Association (PPA)
  • Appointment of Andre Agassi as inaugural chair of the Life Time Pickleball and Tennis Board
  • Launch of instructional pickleball videos by professional players on Life Time's digital app
Negative
  • None.

Life Time Founder, Chairman and CEO spearheads new ball for better play, consistency and durability

CHANHASSEN, Minn., Aug. 9, 2024 /PRNewswire/ -- Life Time, which continues to be at the forefront of the fastest-growing sport in America, today announced it has filed a patent for The Ultimate Pickleball. Designed to address common issues of inconsistent speed, bounce and durability, the new patent-pending ball will be unveiled during an exclusive event featuring tennis legend and pickleball fan, Andre Agassi, at Life Time's PENN 1 in New York City on August 19.

Pickleballs currently on the market often play too slow or the faster balls preferred by pros and higher-end players are inconsistent in bounce and have significant issues with durability. As an avid pickleball player and engineer, Life Time Founder, CEO and Chairman, Bahram Akradi, collaborated with his team to design a new pickleball with features to address these issues.

"Life Time has elevated the game of pickleball since 2021 and rapidly grown the number of courts we offer across North America, along with the best lessons, leagues, tournaments and coaches," said Akradi. "A clear opportunity that emerged was to advance the quality of gameplay and participants' experiences with a vastly improved pickleball. I always welcome the opportunity to solve challenges and am excited to launch our Ultimate Pickleball as a solution to offer the combination of improved weight, speed, hole distribution and material to support consistent play and durability."

LT – The Ultimate Pickleball has undergone trials by some of the best players within and outside of Life Time. It will debut exclusively in Life Time clubs later this month and be used at all Pickleball Classic tournaments. Later, the ball will be available for sale at Life Time's racquet sports pro shops and online at LT Shop.

With more than 700 permanent pickleball courts across its locations, Life Time serves thousands of members and guests at its clubs, hosting multiple Major League Pickleball (MLP) and Professional Pickleball Association (PPA) tournaments nationwide, as well as its own spring and fall Pickleball Classic tournaments for members. The recent appointment of Andre Agassi as the inaugural chair of the Life Time Pickleball and Tennis Board further highlights Life Time's commitment to expanding access, enhancing programming, and building community within the sport.

On August 19, Life Time will welcome Agassi and other top pickleball pros and other athletes for an evening of exhibition-style play and other category-defining announcements with its partner JOOLA. The event will also be livestreamed on its complimentary digital app.

Life Time recently launched instructional pickleball videos by professional players Ben and Collin Johns available on its complimentary digital app. For more information on Life Time and Life Time Pickleball, please visit www.lifetime.life.

About Life Time
Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its portfolio of more than 170 athletic country clubs across the United States and Canada. The health and wellness pioneer also delivers a range of healthy way of life programs and information via its complimentary Life Time Digital app. The Company's healthy living, healthy aging, healthy entertainment communities and ecosystem serve people 90 days to 90+ years old and is supported by a team of more than 45,000 dedicated professionals. In addition to delivering the best programs and experiences through its clubs, Life Time owns and produces nearly 30 of the most iconic athletic events in the country.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/life-time-files-patent-announces-the-ultimate-pickleball-302218617.html

SOURCE Life Time, Inc.

FAQ

What is The Ultimate Pickleball developed by Life Time (LTH)?

The Ultimate Pickleball is a new, patent-pending pickleball developed by Life Time to address issues of inconsistent speed, bounce, and durability in existing pickleballs. It features improved weight, speed, hole distribution, and material for consistent play and durability.

When and where will Life Time (LTH) unveil The Ultimate Pickleball?

Life Time will unveil The Ultimate Pickleball on August 19, 2024, at an exclusive event at Life Time's PENN 1 in New York City, featuring tennis legend Andre Agassi.

How many pickleball courts does Life Time (LTH) have across its locations?

Life Time has over 700 permanent pickleball courts across its locations, serving thousands of members and guests at its clubs.

Who designed The Ultimate Pickleball for Life Time (LTH)?

The Ultimate Pickleball was designed by Life Time Founder, CEO, and Chairman Bahram Akradi, who collaborated with his team to address common issues in existing pickleballs.

Life Time Group Holdings, Inc.

NYSE:LTH

LTH Rankings

LTH Latest News

LTH Stock Data

5.08B
81.33M
12.73%
82.88%
2.4%
Leisure
Services-membership Sports & Recreation Clubs
Link
United States of America
CHANHASSEN