ToughBuilt Industries Inc (TBLT)

[StockLogistics]

“8:30a ET 10/3/2022 - Globe Newswire
ToughBuilt Industries Inc. Launches a Comprehensive Line of Innovative Striking Tools

GlobeNewswireOctober 03, 2022
IRVINE, Calif., Oct. 03, 2022 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ: TBLT; TBLTW), has announced today the launch of an all-new line of striking tools, including an innovative series of ShockStop(TM) hammers, marking their entry into the global tool-hammer market, which was valued at $3.5 billion. in 20211.


ToughBuilt's innovative ShockStop(TM) head design and enlarged face are forged to strike sure and save users from pain, with a reduced felt recoil that diminishes fatigue after repeated striking and a greater mass concentration at the head to maximize impact.

ToughBuilt Industries' CEO, Michael Panosian, commented, "We are entering the growing hand tool segment with leading solutions that provide valuable efficiencies and remarkable quality which we believe will create expanded opportunities to generate revenue." Panosian continued, "We are pleased with how ShockStop(TM) technology will help expand our brand awareness and capture additional market share."

1 GLOBAL TOOL HAMMER MARKET RESEARCH REPORT 2022 (STATUS AND OUTLOOK), via MarketWatch.com

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/ “

Demand high in Florida for these items