Razor, the company which sells popular scooter and hoverboard assured that their product is perfect. Razor founder and CEO Carlton Calvin announced that his company product Hovertrax board is completely safe and certified for safety concerns. Fire safety concerns in the U.S. and UK have led Amazon and Overstock.com to ban the sale of the self-stabilizing scooters. Sales figure of the Hovertrax sales also show that potential risks associated with hoverboards may not be enough to stop people from buying them.

According to IB Times, the bad news for hoverboards began with a series of media reports of hoverboards exploding while being charged. In one instance, the fire destroyed the home of a Louisiana family. A sales discontinuation from Overstock.com was followed by a ban from several airlines last week. Amazon followed suit Sunday by halting the sale of Swagway, PhunkeeDuck and IO Hawk hoverboards.

Calvin said to Fox6Now that "These safety concerns are not affecting us. Ours is a certified product that meets its safety requirements."

The biggest hoverboard fire safety concern involves the rechargeable battery. Many people looking for a hoverboard, but don't want to spend $400 for a Swagway or more than a $1,000 for an IO Hawk or PhunkeeDuck, may opt for a generic hoverboard that could cost under $300. In order to reach that price point, the manufacturers are using inexpensive components that are more prone to defects.

"There are a lot of factories in China that now make Li-ion batteries, and the reality is that the quality and consistency of these batteries is typically not as good as what is found in top tier producers such as LG or Samsung," Jay Whitacre, Professor of Materials Science & Engineering at Carnegie Mellon University, said to Wired.

Razor licensed the technology for its board from Inventist, which uses slightly different technology -- such as a lithium ion phosphate battery pack -- than other brands. The Razor Hovertrax hoverboard instruction manual includes a detailed safety section. Razor recommends inspecting the hoverboard before every use and charging instructions.

With Razor scooters, and now with Hovertrax, Calvin hopes to redefine urban commuting.

"I don't own a car," said Calvin. "I'd like to see a world with no cars. I want to see more people using scooters, bicycles, Hovertrax to get around."

So the Razor hoverboard is safe as company says that it uses reliable battery technology. But you should take precaution because if your board haven't cached fire that doesn't mean it can't in future. Always inspect your board before every use and charge carefully.