Q4 sales up 133% quarter over quarter; Company sees continued expansion of gross profit on sales of trutankless® products
Bollente Companies, Inc. (BOLC) has released its annual report for 2017, reporting a record 61% increase in annual revenue compared to the prior year.
“2017 was an excellent year in terms of revenue growth and gross profit for the company,” said Bollente CEO Robertson Orr. “Thanks to our strategic partnerships and recent sales expansion, orders for trutankless have already surpassed all of 2017 unit sales, so we’re quite optimistic for this year’s continued record growth.”
Fannie Mae reports released this week indicate growth in both housing starts and permits, driven by strength in the multifamily segment where space saving products like trutankless are well received.
The company continues to increase production and distribution capabilities through a global manufacturing partnership enabling it to meet growing demand for trutankless units from major wholesalers nationwide and high volume regional players in target markets. Along with new homebuilding and plumbing installation partners across the United States, management expects the adoption of smart products in the home automation space to help fuel additional demand for the company’s patented technology.
Bollente Companies launched its first-generation trutankless unit at the IBS show in 2014, where it was named “Best Home Technology Product.” trutankless also took home the Governor’s Award of Merit for Energy and Technology Innovation at Arizona Forward’s Environmental Excellence Awards in the same year. Since then, the product has garnered a multitude of accolades for its forward-thinking technology and energy efficiency, including a silver award in the Appliance Design Excellence in Design contest, a Special Mention in the Architizer A+ Awards, and was named a Hot Product by the editors of Green Builder Magazine. Featured as a water saving device in Consumer Reports’ Top 5 Remodeling Trends for 2016 write-up, trutankless was also named “Best of Houzz” in January 2017 for the third consecutive year representing continued success among Houzz.com’s 40,000,000 homeowners.