Monday, January 30, 2023 4:02:18 PM
January 30 2023 - 08:30AM
GlobeNewswire Inc.
Alert
Share On Facebook
ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ: TBLT; TBLTW) announced today the launch of more than 20 new SKUs into the Handheld Wrenches segment, including adjustable wrenches, construction wrenches and pipe wrenches.
ToughBuilt's launch into the wrenches category responds to the growing demands of a global hand tools market projected to grow to US $31.8 billion by the end of 2030, according to a 2022 market research report1. These new wrenches will be made available for purchase through leading US home improvement retailers and across ToughBuilt's growing strategic networks of North American and global trade partners and buying groups, servicing over 18,900 storefronts and online portals worldwide.
ToughBuilt Co-Founder and CEO Michael Panosian commented, “We are pleased to launch these 20 additional hand tool SKUs into the wrench segment and anticipate that they will create further revenue opportunities for the company.” Panosian continued, “We believe these new product offerings will continue to build ToughBuilt’s reputation for quality, and we intend to expand the company's products into additional segments throughout 2023 and the coming years."
1 Valuates Report. (2022-02-10). Hand Tools Market Size to Reach USD 31,817.3 Million by 2030 at CAGR 4.2% - Valuates Reports https://www.prnewswire.com/in/news-releases/hand-tools-market-size-to-reach-usd-31-817-3-million-by-2030-at-cagr-4-2-valuates-reports-806971891.html
Recent TBLT News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 07:00:17 PM
- Form SC 13G - Statement of Beneficial Ownership by Certain Investors • Edgar (US Regulatory) • 08/06/2024 06:09:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 06:07:14 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 06:05:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/26/2024 08:00:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/17/2024 08:00:13 PM
- ToughBuilt Industries, Inc. Announces Receipt of Nasdaq Staff Determination Letter and Hearing Request • GlobeNewswire Inc. • 07/03/2024 08:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 08:00:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 08:10:25 PM
- ToughBuilt Industries Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q • GlobeNewswire Inc. • 05/24/2024 08:10:00 PM
- Toughbuilt Industries Announces Receipt of Nasdaq Delinquency Notice • GlobeNewswire Inc. • 04/25/2024 08:05:00 PM
- ToughBuilt Obtains Purchase Order Financing to Fuel Supply Chain and Growth Initiatives • GlobeNewswire Inc. • 04/02/2024 12:30:00 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/21/2024 09:38:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/20/2024 02:13:37 PM
- ToughBuilt Industries Announces Closing of $3.5 Million Public Offering • GlobeNewswire Inc. • 02/16/2024 09:05:00 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 02/16/2024 05:01:26 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 02/16/2024 04:58:58 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 08:38:38 PM
- ToughBuilt Industries Announces Pricing of $3.5 Million Public Offering • GlobeNewswire Inc. • 02/14/2024 01:00:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 01:14:34 AM
- ToughBuilt Anticipates Positive Operating Cash Flow by Q3 2024 • GlobeNewswire Inc. • 02/13/2024 01:00:00 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 02/09/2024 10:17:06 PM
- ToughBuilt Industries Accelerates Growth with Expanded StackTech® Ecosystem, Targeting $6.8 Billion Market • GlobeNewswire Inc. • 01/31/2024 09:30:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM