The announcement marked a major reversal of Peloton's initial reaction and comes after weeks of discussions with the U.S. Consumer Product Safety Commission. In a statement, Peloton apologized for not acting more quickly to resolve the issue after reports of one death and dozens of injuries. The group had previously warned about Peloton's Tread+ product last month, after one child died in an incident involving the machine. The regulatory agency said Peloton's treadmills are designed differently than its peers, with "an unusual belt design that uses individual rigid rubberized slats or treads that are interlocked and ride on a rail." Peloton said Wednesday it will work with the CPSC to set new industry safety standards for treadmills.