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BCycle Launches Third System in Two Months, Bringing Total to 32 Systems

WATERLOO, Wis., May 19, 2015 (GLOBE NEWSWIRE) -- BCycle, which develops and delivers best-in-class bike share systems worldwide, launched its third system in two months with the recent introduction of Dayton, Ohio's Link bike share system. Dayton joins Philadelphia, Penn. — BCycle's largest system launch to date — and Fargo, N.D., bringing the total number of communities in the United States and South America with a BCycle system to 41.



"We're pleased that the three newest BCycle bike share systems are off to an exceptional start. The high usage and membership redemption rates demonstrate that our enterprise software and proven hardware are performing well," said BCycle President Bob Burns. "It has been rewarding to work with these new cities — Dayton, Philadelphia and Fargo — to meet each system's unique needs, and we're excited to welcome all three of these cities into the rapidly growing BCycle family of bike share systems."

Dayton's bike share system, called Link, is the newest BCycle system, and opened with 225 bikes and 24 stations. The system sold more than 140 memberships prior to launching and riders have made at least 1,500 trips since the launch. Link gives riders the opportunity to buy a daily pass or an annual membership.

Philadelphia is the single largest bike share launch in BCycle's history. Its system, called Indego, is the first to receive BCycle's 2.0 stations. These next-generation stations feature a more advanced solar powered system and an updated aesthetic, and maintain the features, benefits and reliability of the first-generation product. Now, nearly a month after its launch, Indego has approximately 2,800 monthly members and more than 33,000 rides have been taken. Indego has implemented an innovative cash option, PayNearMe, putting Philadelphia on the forefront of bike share systems focused on social equity.

In Fargo, BCycle developed new, innovative MFRID technology for Great Rides Bike Share, a collaboration between the city of Fargo and North Dakota State University (NDSU), to allow NDSU students to use their Bison Card student IDs to access the system through their online student portal. Great Rides Bike Share is the first and only bike share program in the United States to be funded through university student fees. The system, which includes 101 bicycles throughout 11 station locations, has already experienced unprecedented and record-setting usage in the past two months, including more than 40,000 checkouts and 5,700 users, which include nearly 5,100 students.

BCycle currently has more than 700 stations and 7,800 bikes on the ground. All BCycle bikes are designed by Waterloo, Wisc.-based Trek.

About BCycle, LLC

Headquartered in Waterloo, Wisc., BCycle develops and delivers best-in-class bike share systems worldwide, and is committed to providing an environmentally sustainable transportation alternative for cities. BCycle has successfully launched more bike sharing systems in the United States than any other company, and has done so on time and under budget with bike share systems that are secure, reliable and scalable. For more information, visit www.bcycle.com.

A photo accompanying this release is available at:

http://www.globenewswire.com/newsroom/prs/?pkgid=33085

CONTACT: Marina Marich 847-868-2049 mmarich@bcycle.com

Source: BCycle