MANCHESTER, N.H. - January 8, 2003 - Segway LLC is pleased to announce that Vernon R. Loucks Jr., who is an original member of Segway's Board of Directors and an investor in the company, has assumed responsibilities as Segway's Chief Executive Officer. Loucks is the former Chairman and CEO of Baxter International Inc., one of the world's leading medical products companies.

Mr. Loucks served in senior roles with Baxter for 34 years, including 19 years as CEO. During his tenure as CEO, he led sales growth from $1 billion to more than $7 billion, including significant expansion in international markets. One of the most successful products introduced by Baxter in the 1990's was the Homechoice™ peritoneal dialysis system, which was developed by Dean Kamen, Segway LLC's Founder and Chairman.

"It is exciting to see Vern take the key leadership position at Segway," said Kamen. "His expertise will be critical as we bring the benefits and value of the Segway Human Transporter to consumers for the first time."

Subsequent to Loucks' appointment as CEO, George Muller has chosen to resign his position as President to pursue other interests. Chairman Dean Kamen expressed his appreciation for Muller's contributions.

"We are grateful to George for his achievements in growing and evolving our business and we are sorry to lose him," added Kamen. "We wish him every success in his future endeavors."

Biographical information for Mr. Loucks is now available.

About Segway

Segway LLC is a Manchester, NH, based business founded by renowned inventor and entrepreneur Dean Kamen to provide a solution to short-distance travel. The company has created the Segway™ Human Transporter (HT), the first self-balancing, electric-powered transporter designed to enhance the productivity of people by increasing the distance they can travel and the amount they can carry. Segway is funded by: Credit Suisse First Boston Private Equity, one of the largest managers of alternative assets in the world, through Credit Suisse First Boston Equity Partners, L.P. and associated funds; Kleiner Perkins Caufield & Byers, the leading venture capital firm helping entrepreneurs build sustainable technology businesses; and individual investors. For additional information about Segway, please visit our web site at: www.segway.com. Press releases and digital images are available at Segway's press center at: www.segway.com/news.

Segway is a trademark of Segway LLC in the United States and in other countries.