IRVINE, California, Dec. 5, 10, 2022 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ: TBLT; TBLTW) today announced the launch of a new line of Mango garden and garden tools. Length. From 150 to 11 links, the new line includes many new improvements.
This new product line complements the company's existing line of hand tools and will be available for purchase at leading home improvement retailers in the US, as well as through growing ToughBuilt channel partners and the Nordic Purchasing Group. Service more than 15,500 online stores and portals in the US and around the world. . . Around the world.
In response to rapidly growing demand, ToughBuilt is expanding its range of products in the garden equipment category. Per year According to industry analysts, in 2020 the global market for garden equipment was US$1.967 billion and will reach US$2.334 billion by the end of 2027 .
said Michael Panosyan, co-founder and CEO of ToughBuilt. “Our entry into the global long shank tool market is a great opportunity for ToughBuilt to generate revenue and increase brand awareness by setting the standard for strength and design excellence.” Panosyan continued. “We are looking forward to expanding our business in the growing global market for garden tools.
1 Market Research https://www.globenewswire.com/news-release/2022/03/28/2411122/0/am/Global-Garden-Tools-Market-Size-To-Surpass-US-23340-million by - 2027-Garden-Equipment-Industry-Analysis-Global-Industry-Trends-Bross-Margin-Future-Demand-Investment-Opportunity.html
About Strong Construction Industries, Inc.
ToughBuilt is a cutting-edge developer, manufacturer and marketer focused on innovative products. We are currently focused on tools and accessories for the professional construction industry and the construction industry. We distribute various lines of construction and renovation products for the professional and DIY markets under the TOUGHBUILT brand in the multi-billion dollar global hardware market. All of our products are designed by our own design team. Since the launch of the product in 2013, we have seen significant annual sales growth. Our current product line consists of three main categories with several additional categories in various stages of development consisting of soft products, work pads, soft products and work products. Our mission is to improve and improve the design of a balanced product, as the creators of Shona, de Calidad, examples of creativity that marks the end of superior derivatives and innovation, al mismo tiempo que joramos a jorunastaren el Rendimito, the brand. More information about the company is available at https://www.toughbuilt.com/
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This press release contains "forward-looking statements". These statements may be preceded by the words "think", "may", "will", "plan", "expect", "anticipate", "design", "anticipate", "evaluate", "aim", "believe". ". ", "prospect", "potential" or similar words. Forward-looking statements are not guarantees of future results, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond our understanding. We cannot, and therefore actual results could differ materially from those expressed or implied in such forward-looking statements. These risks and uncertainties include, among other things, risks and uncertainties associated with (i) international exposure, the COVID-19 pandemic, and government actions related to our business; due to (ii) supply chain disruptions, (iii) market acceptance of our new products, (iv) delays in bringing products to key markets, (v) failure to obtain regulatory approval to sell our products in certain markets ( vi) the most intense competition in the industry from multinational corporations (v) liability claims values for product quality; (vii) product failure; (viii) our limited manufacturing capacity and reliance on subcontractors for support; (ix) successfully maintaining the confidentiality of intellectual property covering our products: our acquisition and retention; Our efforts may not be successful, (x) our dependence on single suppliers to manufacture certain components of the product, (xi) our need to raise additional capital to meet our future business needs, and such capital may be expensive; access or access difficulties; and (xii) the fact that we do business in various foreign countries, which exposes us to currency exchange, logistics and communications issues, and fees and costs for complying with foreign laws and policies. and economic instability in each region. More information about the Company and the risk factors that may affect the forward-looking statements can be found in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Form 10-K annual reports and its quarterly reports. . according to the form 10-K. Investors and security holders are encouraged to freely read these materials on the SEC website at http://www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Work with investors.
Strategic communications of KSCA
David Hanover
hardbuilt@kcsa.com
Source: ToughBuilt Industries, Inc.
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