Fox Factory Holding Corp. Receives CPSC Approval to Begin Its Recall Program for Certain Bicycle FLOAT X2 Shock Absorber Products

SCOTTS VALLEY, Calif., Nov. 01, 2016 -- Fox Factory Holding Corp. (NASDAQ:FOXF) (the “Company”), today announced that its filing of a voluntary recall for certain bicycle FLOAT X2 shock absorber products due to a potential failure hazard has been approved by the CPSC.

Consumers should immediately stop using this product unless otherwise instructed. Retailers, distributors, and OEM customers should hold this product and stop sales and distribution until further instructed. It is illegal to resell or attempt to resell a recalled consumer product.

FOX believes that this voluntary recall will not have any material adverse effect on its financial results or current financial guidance.

The CPSC’s announcement is available here: https://www.cpsc.gov/Recalls/2017/Fox-Factory-Recalls-Mountain-Bike-Shock-Absorbers-Due-to-Fall-and-Injury-Hazards

CONSUMER CONTACT:

• Toll-free: 855-360-3488 (M-F, 8am – 5pm, PT)
• [email protected]
• ridefox.com/recall

About Fox Factory Holding Corp. (NASDAQ:FOXF)

Headquartered in Scotts Valley, CA, FOX designs and manufactures high-performance ride dynamics products primarily for bicycles, side-by-side vehicles, on-road and off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles.  For more than three decades, FOX's team of enthusiasts and professional athletes has been improving vehicle performance through a unique commitment to redefining ride dynamics.

FOX is a registered trademark of Fox Factory, Inc.  NASDAQ Global Select Market is a registered trademark of The NASDAQ OMX Group, Inc. All rights reserved. 

Forward-Looking Statements

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