NEWSFLASH: New Zealanders invent a new type of bicycle: the Mini-Farthing. The first device to be produced based on this unique design is the super-light folding electric Yike Bike, set to go into production during 2010. It is the creation of Christchurch entrepreneur Grant Ryan, who says the Segway PT was a touchstone for it's development. He quotes Dean Kaman's vision of cities where people move about via a wider variety of vehicles than today, and says the Yike Bike could be part of this future mix, along with the PT.