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Dahon Revenues Surge 30% in First Half of
2002
DUARTE, California — August 2002—Dahon
California, Inc., a world leader in mobility solutions, today
announced that 2002 gross revenues have increased by more than
30% relative to the same period in 2001. Increased revenues
from patent licensing and sales of complete bicycles contributed
to the growth. Dahon recorded robust growth in sales in all
major markets.
"2002 has been a very difficult year for the bicycle industry
so our results are extremely encouraging" stated Dr. David
Hon, Dahon president. "Our healthy growth shows us that
consumers are responding to our products and that the underlying
demand for quality folding bicycles is not only strong but accelerating."
2002 revenues were given a big boost by Dahon's patent enforcement
program in Japan and elsewhere. Over the last several years,
several of Dahon's patents have been widely infringed upon by
dozens of manufacturers in Asia. Dahon's commitment to protect
its intellectual property against patent violators has resulted
in many companies paying patent royalties to Dahon. In addition,
many distributors who were unknowingly duped into buying patent-infringing
bicycles have chosen to switch to Dahon as a supplier.
Dahon also experienced strong growth in mid/high priced folding
bicycles in all major markets. Features in high demand included
suspension, light weight designs, and new Dahon folding technology.
"Environmentally-responsible transportation is becoming
an ever more important issue around the world," continued
Dr. Hon. "We're proud that our bicycles are an important
part of the solution. With better weather in Europe and the
global economy poised for an upswing, we are looking forward
to an even better 2003."
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