Landice is a global leader in running wheels and treadmilling, which are used by thousands of people around the world.
In 2018, the company raised $7 million in a Series B round led by China’s state-owned Sichuan Baidu Group.
In 2018, Sichu Baidus investment was the largest round in its history.
“Landice treadmiller is a leading manufacturer of treadmilled running wheels in the world,” said Landice CEO and co-founder, Richard J. Doyon.
“We are pleased to announce that we are partnering with Sichua Baiduan Group to continue our momentum with this innovative technology.”
“Treadmills are a big part of the business model for a lot of companies.
For us, treadmill clearance is critical to achieve the same level of performance and speed,” said John C. Schulman, co-head of business development and product strategy at Landice.
“By using Landice treadmill clearance technology, we have achieved the same type of speed and feel we have come to expect from Landice.”
Doyon is confident that Landice’s new treadmILL clearance technology will be a game changer for the industry.
“With this new technology, Landice will be able to achieve an even greater level of speed with no added cost, so we will be making sure the quality of our product will never suffer,” he said.
“The technology will also reduce the cost of our products in the future.”
Sichuan’s investment in Landice was announced earlier this year, and it was announced that LandICE would be the first brand to use this technology in its products.
“It is exciting to be working with such a strong partner and partner in the industry,” said Sichun Baiduo Group Chief Executive Officer, Liu Jianguo.
“Landice’s unique technology is helping to accelerate the development of technology to reduce the costs of the products we make.”
Landice and Sichuo also announced that they will be partnering with the United Nations to support its efforts in reducing carbon emissions.
“Through its Global Alliance to Reduce CO2 Emissions, the UN will support Sichuana to ensure that its products and the technology used to build them can be used to combat climate change,” said J. Michael Ruhlman, CEO of the United States, which owns more than 60 percent of the shares of Landice and has investments in LandICE.
“In a world where climate change is a pressing global issue, the United Kingdom’s participation in the initiative will be instrumental in ensuring that Landices products and technology are used in an effective way.”
Landice also announced a partnership with the International Council of Shopping Centers to support their efforts to reduce food waste.
“We’re very excited about this partnership, and are thrilled to be able use the Landice technology to improve the speed of our trucks, making them more efficient,” said Tim A. O’Neill, CEO and founder of Landis, which is owned by the United Technologies Group.
“I’m sure this partnership will help us to meet the environmental and safety standards we’re striving for.”