IQ2 Power Meter

Will TR merge with Zwift before this power meter ships? :grinning:

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They’re hoping they can keep the grift going.

Maybe we should all get one of these instead, to reward ourselves for being so patient.

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dutch show called “boos” (translates to “angry”). going into details of the IQ2 “scam”
They are checking if they can get 314 euro back for a customer that ordered on the website :slight_smile:

The founders seem to be busy with some new project for EV charging station.

one of the few comments they got from Wout on the question… “what happened with the 3 million”, was: “all spend on development, but they are still working on the products”

(and the guy personally refunded the money :D)

The follow up appointment didn’t happen, the other founder (Kees-Jan) wrote an angry email with a lot of bull shit. Biggest take away seems to be a conflict with the initial sensor manufacturer.

Final statement of IQ2:
“Er bestaat intussen bij IQsquare alle vertrouwen in het slagen van haar powermeter, en ook in het op afzienbare termijn kunnen voldoen aan haar verplichtingen en toezeggingen rondom dit product.”

translates roughly to:
“We are really confident that our PM will succeed and soon we will fulfil our duty and commitments regarding this product”
:expressionless:

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Hahaha holy shit no way!

Dear backers,

We have very good news!

FINALLY, we have figured out the last pieces of our puzzle and can start limited production in three weeks . This long-awaited update will share where we are today and how we will fulfil all our commitments. Firstly, thank you for your patience and secondly, our deepest apologies for the lack of communication. We can now share more details about what caused the many delays of the industrialization process.

What has happened

We had to overcome many challenges with the quality and reliability of our original supplier base. This included some legal challenges. All of this has caused an unforeseen and unsurmountable increase in development and production costs.

Our efforts to solve these major setbacks were further impacted by the global corona crises. Needless to state that the company ended up in a financial crisis. All efforts to attract potential investors eventually failed due to an increase in negative media attention.

We will start shipping

But finally, we are happy to share that we have overcome most of these challenges. We finally have secured a very reliable production partner. As a result, we can sell our left only power meter set nearly as cheap as a high end regular bike pedal set: €179.- incl. tax, excl shipping cost ($149.90 excl tax). This will allow many more fellow cyclists around the world to start using power meter pedals. The first limited batch can be shipped beginning 2023.

In order to manage the company’s cash flow challenges carefully, we are required to start selling limited volumes via our web shop and at the same time start ramping up shipment of our outstanding commitments. In our next update we will further explain how we plan to execute this strategy. We are very confident that we will have shipped all committed pledges by the end of August 2023.

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I’ll believe it when I see it

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Lol ”having our grift exposed cost us money”

Threw in some barbs implying poor production partners and the obligatory Covid.

They waited awhile hoping to line up a new group of targets who may not know their history.

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It’s a Christmas miracle :christmas_tree::grinning:

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Shameless.

Just another way of getting a bit more money via the web shop.

LEGENDS. Absolute LEGENDS

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This does not instill confidence either.

Assioma’s are IP67.

Well. This is unexpected.

Hahahaha

Sounds like they spent the three millons people gave them already and need to get some more. :joy:

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I only got my email today. It’s interesting that they plan to “start selling” limited volumes via the web shop. I thought one of the contentious points of the last few years is that they never actually stopped “selling” via their web shop ….

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So my read on this is, “Existing commitments will be fulfilled by 8/23,” and then new web orders will presumably come after that? So it’s still most of a year, best case.

The plot thickens, hope this is good news for everyone that invested

I emailed them regarding my web order. You’ll be unsurprised to know that I got absolutely no reply.

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Better check the metadata. Want to bet it’s a few years old?!

Best indication yet that something is actually being sent out, I’m still hopeful, even though i purchased some Assioma’s a while back

https://www.instagram.com/p/CmYrRyosRu5/?utm_source=ig_web_copy_link

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