ToughBuilt Industries Inc. Launches 500 Ft. Rotary Laser Level Kit
October 12 2022 - 8:30AM
ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ: TBLT;
TBLTW), announced today the launch of the Company’s
all-new 500 ft. Rotary Laser Level Kit. The level comes with an
intuitive, first-of-its-kind, 3-piece stacking guide rod that
allows for a rolling laser receiver to provide bracket-free
attachment and a one-handed interface for fast operation. It emits
a laser that displays a consistent, accurate signature that is
detectable up to 500-feet of distance from its projection point.
The kit also includes an innovative tripod with a rapid-use
bullseye level and telescoping legs to promote accurate placement
on uneven terrain.
This kit joins the Company’s existing line of laser measurement
instruments and is now available for purchase through a leading US
home improvement retailer and across ToughBuilt’s growing strategic
network of North American and global trade partners and buying
groups, servicing over 15,500 storefronts worldwide.
The global market for laser measuring instruments is expected to
reach nearly US$5.9 billion by 20261, according to industry
analysts. In response to this growing demand, ToughBuilt is
expanding its product offerings in this category with the 500 ft.
Rotary Laser Level Kit.
ToughBuilt CEO Michael Panosian stated, "This comprehensive
rotary laser level kit is the latest in our line of laser
measurement devices and is anticipated to provide further
opportunity for ToughBuilt to build revenue and brand awareness in
the professional-grade precision tools category.” Panosian
continued, "We look forward to extending our Company's reach into
the laser instrument market.”
1 Market Research via
https://www.maximizemarketresearch.com/market-report/global-laser-measuring-instrument-market/105769/
ABOUT TOUGHBUILT INDUSTRIES,
INC:ToughBuilt is an advanced product design,
manufacturer, and distributor with emphasis on innovative products.
Currently, we are 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 STATEMENTSThis 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) the impact of the worldwide COVID-19 pandemic
and government actions, on our business, (ii) supply chain
disruptions, (iii) market acceptance of our existing and new
products, (iv) delays in bringing products to key markets, (v) an
inability to secure regulatory approvals for the ability to sell
our products in certain markets, (vi) intense competition in the
industry from much larger, multinational companies, (vii) product
liability claims, (viii) product malfunctions, (ix) our limited
manufacturing capabilities and reliance on subcontractors for
assistance, (x) our efforts to successfully obtain and maintain
intellectual property protection covering our products, which may
not be successful, (xi) our reliance on single suppliers for
certain product components, (xii) 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 (xiii) 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:KCSA Strategic
CommunicationsDavid Hanovertoughbuilt@kcsa.com
Source: ToughBuilt Industries, Inc
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