Company continues growth through increased production and expanded whole presence; seeks to expand its suite of home automation integrations.
PHOENIX, March 5, 2019 /PRNewswire/ — Trutankless, Inc. (OTCQB: TKLS) today provided a corporate update to the Company’s partners, shareholders and other stakeholders.
“2018 was a really great year for us in terms of getting market acceptance for the product. We had record sales and we can feel the momentum into different sales channels increasing.” said Robertson J. Orr, CEO of Trutankless, Inc. He also added, “We did a lot of things behind the scenes that we think have set the table for the bigger growth we’re expecting in 2019, and we wanted to make sure all of our partners understand what some of these accomplishments were.”
Listing the company’s common stock on the OTCQB; the OTCQB is a premier market committed to providing investors high-quality trading and improved market visibility to enhance trading liquidity.
Working in conjunction with our manufacturing partner, Taiwan-based, SINBON Electronics, in Q3-2018 we completed phase one of our new manufacturing capabilities, significantly expanding our volume capacity to a thousand units a month.
We achieved significant momentum in the wholesaler sales channel:
- Expanded the Company’s national active wholesaler footprint from 165 locations at the start of 2018 to over 1,000 wholesaler locations by year end.
- Formed new partnerships with several nationally recognized plumbing and installation organizations including Service Experts, as well as several dominant regional companies in target markets. These relationships complement our existing national partnerships with groups like Mr. Rooter, relationships with Benjamin Franklinand RotoRooter.
- In 2019, we intend to focus additional attention and resources to the national rollout of our wholesale market footprint, maintaining the momentum of the sales volume in this channel.
We continued to expand our relationships with existing national homebuilder clients, including Lennar Homes (Florida), DR Horton, Shea Homes, and the NAHB’s 2019 Custom Builder of the Year, Cullum Homes.
In May 2018, the Company was granted 8 new patent claims on our award-winning technology, continuing to differentiate our products from both gas and electric tankless competitors. They cover the water heater’s Wi-Fi capabilities and reaffirm the Company’s standing as a technological leader as North America continues to expand the Smart Home platforms that can integrate with trutankless’ products.