TOUGHBUILT™ LAUNCHES 64 PRODUCTS WITH CANADIAN BASED RONA
August 25 2020 - 9:00AM
ToughBuilt Industries, Inc. (“ToughBuilt”) (NASDAQ: TBLT; TBLTW),
an advanced product design, manufacture and international
distributor with emphasis on innovative products currently focused
on tools and other accessories for the professional and
do-it-yourself construction industries, today announced their
products have been accepted for immediate placement on www.rona.ca.
Rona.ca will carry 64 SKU’s of ToughBuilt
products, including but not limited to Cliptech tool belts, bags
and totes, knee pads, sawhorses, and Miter Saw Stands. Rona
Canadian customers will now have the option to purchase ToughBuilt
products while they shop online at www.rona.ca.
Michael Panosian, Chief Executive Officer of
ToughBuilt, commented, “We are pleased to announce this new
cooperation with Rona and look forward to adding more new items in
fourth quarter. Rona’s great distribution throughout Canada allows
us to expand our brand awareness and increase our market share in
this growing market. We also believe and look forward to a
significant growth in both professional and DIY business in Canada
within the second quarter and beyond.”
www.rona.ca is the online arm of Rona, Inc.
Created in 1939, RONA is a banner of Lowe’s
Canada, one of Canada’s leading home improvement companies with
head office located in Boucherville, Quebec. Spanning the entire
country, RONA’s vast network of more than 375 stores includes both
corporate stores and independent affiliated dealers. Known for its
large in-store and online product selection as well as for its
installation services, RONA also provides expert support and advice
to its retail and pro customers for their building and renovation
projects.
ABOUT TOUGHBUILT INDUSTRIES, INC.:
ToughBuilt is an advanced product design,
manufacturer and distributor with emphasis on innovative products.
Currently focused on tools and other accessories for the
professional and do-it-yourself construction industries. We market
and distribute various home improvement and construction product
lines for both the do-it-yourself and professional markets under
the TOUGHBUILT brand name, within the global multibillion dollar
per year tool market industry. All of our products are designed by
our in-house design team. Since launching product sales in 2013, we
have experienced significant annual sales growth. Our current
product line includes three major categories, with several
additional categories in various stages of development, consisting
of Soft Goods & Kneepads and Sawhorses & Work Products. Our
mission is to provide products to the building and home improvement
communities that are innovative, of superior quality derived in
part from enlightened creativity for our end users while enhancing
performance, improving well-being and building high brand loyalty.
Additional information about the Company is available
at: https://www.toughbuilt.com/.
Forward-Looking Statements
This press release contains “forward-looking
statements.” Such statements may be preceded by the words
“intends,” “may,” “will,” “plans,” “expects,” “anticipates,”
“projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,”
“potential” or similar words. Forward-looking statements are not
guarantees of future performance, are based on certain assumptions
and are subject to various known and unknown risks and
uncertainties, many of which are beyond the Company’s control, and
cannot be predicted or quantified and consequently, actual results
may differ materially from those expressed or implied by such
forward-looking statements. Such risks and uncertainties include,
without limitation, risks and uncertainties associated with (i)
market acceptance of our existing and new products, (ii) delays in
bringing products to key markets, (iii) an inability to secure
regulatory approvals for the ability to sell our products in
certain markets, (iv) intense competition in the industry from much
larger, multinational companies, (v) product liability claims, (vi)
product malfunctions, (vii) our limited manufacturing capabilities
and reliance on subcontractors for assistance, (viii) our efforts
to successfully obtain and maintain intellectual property
protection covering our products, which may not be successful, (ix)
our reliance on single suppliers for certain product components,
(x) the fact that we will need to raise additional capital to meet
our business requirements in the future and that such capital
raising may be costly, dilutive or difficult to obtain and (xi) the
fact that we conduct business in multiple foreign jurisdictions,
exposing us to foreign currency exchange rate fluctuations,
logistical and communications challenges, burdens and costs of
compliance with foreign laws and political and economic instability
in each jurisdiction. More detailed information about the Company
and the risk factors that may affect the realization of forward
looking statements is set forth in the Company’s filings with the
Securities and Exchange Commission (SEC), including the Company’s
Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q.
Investors and security holders are urged to read these documents
free of charge on the SEC’s web site at http://www.sec.gov. The
Company assumes no obligation to publicly update or revise its
forward-looking statements as a result of new information, future
events or otherwise.
Investor Relations Contact:Andrew J. Barwicki Investor
Relations: 516-662-9461 Andrew@barwicki.com
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