PHOENIX, Nov. 9, 2018 /PRNewswire/ — Trutankless, Inc. (OTCQB: TKLS) released its earnings report for Q3 2018, announcing a 190% year-over-year increase in sales for the first nine months of 2018. At the end of the third quarter, the Company’s sales for the year were $1,130,798, vs. $389,503 at the end of Q3 2017. Sales in Q3 2018 alone were $351,413, compared to $131,364 in Q3 2017.
During the third quarter of 2018, trutankless continued to see accelerated sales for its line of electric tankless water heaters. This growth is attributed to expansion within the wholesale channel as well as increases in production.
“Our success throughout 2018 is galvanizing us to push forward with the evolution of the trutankless product line and seek new opportunities to expand our reach in the marketplace,” said Michael Stebbins, president of trutankless. “We’ve added many new long-term customers and our engineers have been working diligently with suppliers to ensure quality, scalable manufacturing is in place as we anticipate continued momentum.”
The company’s proprietary apps, available for iPhone and Android devices, aid adoption of trutankless’ whole house electric tankless systems. The system’s built-in WiFi capabilities re-affirm the company’s standing as a technological leader among service professionals and their customers as the internet of things (IoT) movement takes root in nearly every American home.
The trutankless water heater line was launched in 2014, garnering numerous awards including “Best Home Technology Product” at that year’s International Builders Show as well as the Governor’s Award of Merit for Energy and Technology Innovation at Arizona Forward’s Environmental Excellence Awards. Trutankless has earned four consecutive “Best of Houzz” nods for client satisfaction and was featured as a water saving device in Consumer Reports’ Top 5 Remodeling Trends for 2016 write-up. To learn more about the company’s products or to find a dealer near you, visit trutankless.com.