FitTech Magazine Issue 4 2/2021

Page 25

myFitApp chat myFitApp has launched a new chat function to its streamed fitness content, making it easier to PHOTO: Garmin

During the quarter, Garmin launched its Forerunner 945 LTE, bringing real-time tracking features to its premium GPS running smartwatch

create communities online. The tech firm, which markets itself as a hybrid business platform for club operators, will now allow users to ​​chat

Garmin grows fitness segment

live with instructors, enabling them to ask questions. In

Garmin recorded quarterly revenues

products. As a result, operating

return, instructors have the

of more than US$1bn for the first time

income from its fitness business

opportunity to offer feedback

– helped by a 40 per cent increase in

increased by 62 per cent.

during and after the workout.

revenue from its fitness segment. Reporting its Q2 2021 results,

During the quarter, Garmin launched

Users can also chat to

its Forerunner 945 LTE, bringing real-

other participants.

Garmin said the growth in its fitness

time tracking features to its premium

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arm was driven by strong demand for

GPS running smartwatch.

its cycling and advanced wearable

Operating income from Garmin’s fitness business increased by 62 per cent

Designed to add a safety element, the watch is designed to allow runners

TRX ups digital

to send for help, if necessary, and stay

TRX has launched a redeveloped

connected without their phones.

version of its TRX Core digital

In total, Garmin reported Q2 revenues

platform, designed to help fitness

of US$1.33bn – up 53 per cent from the

professionals and PTs run their

US$880m recorded in Q2 2020.

businesses better.

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The TRX Core allows PTs to communicate and train clients, generate leads, earn Continuing

Arena secures US$5.2m funding

scale their business beyond brick-and-mortar health clubs. PHOTO: Arena Innovation

Fitness startup Arena Innovation

Education Credits (CECs) and

has secured US$5.2m worth of seed funding, as it looks to launch its robotically-assisted resistance training product to the market. Investors include Wellness Holding, the investment office of the founders

It also has continuing education programmes. n MORE: http://lei.sr/A2p3l

Myzone-TRX deal Myzone has signed a partnership

of Technogym, Courtside Ventures and

deal with TRX, which will see the

Powerhouse Capital.

wearable tech firm become the

Angel investors also included

heart rate monitor partner of the

Equinox Group co-founder Lavinia Errico, Anthony and Joe Vennare of Fitt Insider, New York Jets wide receiver Braxton Berrios, and Russ Angold, co-founder and former

suspension training specialist. The robotic fitness platform is capable of generating more than 200 (91kg) pounds of resistance

CTO of Ekso Bionics.

The deal will see both Myzone and TRX communities being offered deals on new accessories. David Stalker, CEO of Myzone EMEA, said: “Myzone and TRX

around 60 pounds (27kg) and is

have gone hand-in-hand for years

portable, robotic fitness platform

capable of generating more than 200

in many gyms around the world.

developed by specialists in hardware

(91kg) pounds of resistance.

Founded in 2020, Arena offers a

automation and exercise. With the aim of revolutionising strength training, the platform weighs

Users can control the resistance and

“With heart rate and suspension training so mutually beneficial, it

follow workout classes via an app.

made perfect sense to partner up.”

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fittechglobal.com 2 2021

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