South Park devoted an episode to making fun of the hype before the product was released. John Doerr speculated that it would be more important than the Internet. Prior to its introduction, a news report about a proposal for a book about the invention, development, and financing of the Segway led to speculation about the device and its importance. Segway's first patent was filed in 1994 and granted in 1997, followed by others, including one submitted in June 1999 and granted in October 2001. The Segway PT, referred to during development and initial marketing as the Segway HT, was developed from the self-balancing iBOT wheelchair which was initially developed at University of Plymouth, in conjunction with BAE Systems and Sumitomo Precision Products. in April 2015, broadened the company to include other transportation devices, and announced in June 2020 it would no longer make a two-wheeled, self-balancing product. Ninebot, a Beijing-based transportation robotics startup rival, acquired Segway Inc. HT is an initialism for "human transporter" and PT for "personal transporter." The Segway is a two-wheeled, self-balancing personal transporter invented by Dean Kamen and brought to market in 2001 as the Segway HT, subsequently as the Segway PT, and manufactured by Segway Inc.
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