I bought a Scooma Foldy last week and started to look for more info on it. There's a story on a Taiwanese website with a model in a museum, stating that it was invented by Mr Ching H. Thay and he won a silver medal in the Geneva Invention Conference in 1989, he patented it a.o. in the US (patent nr 4,824,131 see Google Patents). I modified it a little with higher saddle bar and I put skeeler wheels on the stand to make it roll better in folded condition, but it's a very nice bike and extremely easy to fold (even my wife can do it). When I lower the saddle, even my 8 yr old son can ride it.