Razor and Inventor Shane Chen to License Patented Hoverboard Technology to DGL

Razor and Inventor Shane Chen to License Patented Hoverboard Technology to DGL, Maker of the Hover-1 Line

May 25, 2023

Razor USA LLC, maker of the Hovertrax line of self-balancing scooters often referred to as “hoverboards,” together with inventor Mr. Shane Chen and DGL Group, Ltd., maker of the Hover-1 line of hoverboard products, announced today a confidential settlement of the patent infringement case Razor and Mr. Chen brought against DGL.

In connection with the settlement, Razor and Mr. Chen agreed to grant DGL a license to Mr. Chen’s hoverboard patents.  With DGL licensing the patented technology, DGL’s Hover-1 now joins Razor’s Hovertrax brand as the only self-balancing scooters authorized in the U.S. under Mr. Chen’s patents.

Carlton Calvin, one of Razor’s founders, said, “Razor is proud of its long partnership with Shane Chen. Razor has worked hard to protect Mr. Chen’s rights as a developer of innovative, creative and high-quality products. The license with DGL is a big step forward for the industry and consumers. We urge retailers and consumers to join our fight in favor of inventors, and against infringers, by purchasing only products licensed under Mr. Chen’s patents.

Ezra Zaafarani, founder of DGL, said, “We are happy to have resolved our differences with Razor and to turn our attention to bringing innovative hoverboard products to the marketplace for consumers to enjoy.”

About Razor USA LLC

Razor embodies the spirit of fun and freedom. The company was founded in 2000 with the introduction of its now legendary, original Razor kick scooter, which quickly became an essential ride for anyone on the go. Today, Razor products are available worldwide, with a full range of wheeled rides to inspire and excite riders everywhere. Innovative products and great value have distinguished Razor as a trusted global brand and industry leader. For more information, please visit www.razor.com .

About DGL Group Ltd

DGL Group is an innovative company specializing in consumer products. DGL Group has established itself as a leading product developer, creating next generation products – including its popular Hover-1 line of scooters – that are stylish, desirable and affordable. The company is headquartered in New Jersey. For more information, please visit www.dglusa.com .