Additional hoverboards are being recalled after causing two more house fires

Hoverboard recall expands after two more house fires

Hoverboard recall expands after two more house fires

The Consumer Product Safety Commission (CPSC) issued a second warning this week following a house fire on October 23, 2017 in Manchester Township, Pennsylvania that destroyed one townhome and damaged four others. The issue of poorly made hoverboards catching on fire span back years now, but news on that front has been somewhat quiet. The agency points toward the LayZ Board brand, saying that there's evidence that it was involved a fire in Pennsylvania that demolished a townhouse and damaged another four of them.

The CPSC released a statement recently, saying that a second house fire has resulted from a hoverboard that caught on fire.

The agency is now advising that anyone who owns one seven brands of hoverboards stop using it.

Analyst's Viewpoint About Sequential Brands Group, Inc. (SQBG), Invitation Homes Inc. (INVH)
IHT Wealth Management LLC bought a new stake in Sequential Brands Group during the second quarter valued at about $712,000. Parametric Portfolio Associates LLC lifted its stake in shares of Sequential Brands Group by 1.4% in the first quarter.

This is not the first time hoverboard warnings and recalls have been issued by the CPSC.

According to CPSC, the products were manufactured in Shenzhen, China and more than 3,000 units were imported to the United States.

The commission says 7 different brands of the boards are included in the recall because they contain the same lithium-ion battery pack that can overheat causing smoking, fires and possible explosions.

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