DUARTE, Calif., August 2, 2021 /PRNewswire/ -- iPower Inc.
(Nasdaq:IPW), one of the leading online hydroponic equipment
suppliers and retailers in the United States, today announced that it has
entered into an agreement to lease a new warehouse and logistics
facility in Rancho Cucamonga,
CA.
"With the ongoing strong demand for hydroponics products and
accessories, our need for world class distribution and logistics
facilities has been increasing rapidly," stated Chenlong Tan, CEO
of iPower. "This newly built state of the art facility will have
approximately 100,000 sq ft of useable space and is strategically
located near an international airport in Ontario, CA. Our new facility will more
than double our current warehouse capacity and will help support
our robust growth plans."
About iPower Inc.
iPower Inc. is one of the leading online retailers and suppliers
of hydroponics equipment and accessories in the United States.
iPower offers thousands of stock keeping units from its in-house
brands as well as hundreds of other brands through its
website, www.zenhydro.com, and its online platform partners
all of which are fulfilled from its two fulfillment centers in
southern California. iPower has a
diverse customer base that includes both commercial businesses and
individuals. For more information, visit iPower's website
at https://ir.meetipower.com/.
Forward-Looking Statements
All statements other than statements of historical fact in
this announcement are forward-looking statements. These
forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations and projections
about future events and financial trends that iPower believes may
affect its financial condition, results of operations, business
strategy and financial needs. Investors can identify these
forward-looking statements by words or phrases such as "may,"
"will," "expect," "anticipate," "aim," "estimate," "intend,"
"plan," "believe," "potential," "continue," "is/are likely to" or
other similar expressions. iPower undertakes no obligation to
update forward-looking statements to reflect subsequent occurring
events or circumstances, or changes in its expectations, except as
may be required by law. Although iPower believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and iPower cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in iPower's filings with the SEC.
For more information, please contact:
Sherry Zheng
Weitian Group LLC
Phone: 718-213-7386
Email: shunyu.zheng@weitian-ir.com
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SOURCE iPower Inc.