PHOENIX, Nov. 4 2015 /PRNewswire/ -- Bollente Companies, Inc. (OTCQB: BOLC) today announced the formation of Bollente International, Inc., a wholly-owned subsidiary, as part of an international manufacturing and sales expansion for its trutankless line of electric tankless water heaters.
Bollente International has partnered with an international manufacturing firm to increase production and efficiently handle distribution to customers in the United Kingdom and throughout Europe, Asia, Dubai, Australia and New Zealand. Trutankless has begun the testing and certification process for several international standards, demonstrating that the product complies with the essential requirements of European health, safety and environmental protection legislation and opening the gate for future sales to more than 30 European countries.
"Since launching trutankless in 2014, we have seen tremendous interest from the international market for our product," said Michael Stebbins, president of trutankless. "We are now ready and excited to offer an unrivaled electric tankless water heating solution on a global scale."
According to a new study by Grand View Research, the global electric water heater market will grow from $16.68 billion to $29.32 billion by 2022, and an increasing demand for tankless water heating solutions is expected to augment that growth.
"The Vining Group is delighted to partner up with such an innovative company as trutankless," said Sheridan Vining, director of Vining Group, a New Zealand-based distribution company "We see their products as absolute game changers and are incredibly excited about bringing this remarkable brand to market down under. With the demands on hot water and the advancement of smart home technology, Trutankless has created the ultimate solution." He continued, "Vining Group prides itself on bringing industry leading products to consumers nationwide, and trutankless will be available at leading plumbing merchants throughout the country from early 2016."
"Simply put, tankless is the future of the water heating industry," said Jeff Doss, CEO of Hotwire Development, LLC, a Scottsdale-based product development firm. "The demand for home automation and energy efficiency is paving the way for a technologically superior product like trutankless to capture a significant portion of the market. With international manufacturing capabilities, Bollente is positioned to meet this demand with ease."
Multi-award winning trutankless earned silver in this year's Appliance Design Excellence in Design contest, was selected as a 2015 "Money Saving Product" by BUILDINGS magazine, received a Special Mention in the 2015 Architizer A+ Awards and was named a 2015 Hot Product by the editors of Green Builder Magazine. In 2014 trutankless took home the NAHB International Builders Show "Best Home Technology Product" award and the Governor's Award of Merit for Energy and Technology Innovation at Arizona Forward's Environmental Excellence Awards.
About trutankless:
Hot water. Perfected. Packed with patent-pending proprietary technology, trutankless is engineered to outperform and outlast both its tank and tankless predecessors in energy efficiency, output, and durability. Not only does it provide endless hot water on demand for an entire household, it also integrates with home automation systems and has its own online control panel, allowing homeowners to control water temperature to within one degree, obtain service notifications, and monitor usage from their computer or mobile devices. Because hot water is such an intimate and essential part of daily life, this is a highly meaningful new "Internet of Things" player in the arena of smart home tech. For a visual demonstration of the tech behind trutankless, please visit http://www.youtube.com/trutankless.
About the Company:
Founded in 2010, trutankless, a division of Bollente Companies, Inc. (OTCQB: BOLC), was brought to life through the combined insight, ingenuity, and drive of industry professionals, engineers, and entrepreneurs. The objective was to create a line of electric tankless water heaters that far surpasses traditional tank water heaters in energy efficiency, output, dependability and environmental sustainability while overcoming the frustrating drawbacks of other tankless units on the market today.
The trutankless mission is to efficiently provide hot water on demand by combining smart engineering with forward-thinking technologies that save owners money, energy, and space. For more information, please visit www.trutankless.com or call 855-TO-BUY-TRU.
Forward-Looking Statement: The statements in this press release regarding any implied or perceived benefits from the release by trutankless of its line of electric tankless water heaters or added key strategic sales and distribution partners are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, risks of the key strategic sales and distribution partners ability to sell our product, and effects of legal and administrative proceedings and governmental regulation, especially in a foreign country, future financial and operational results, competition, general economic conditions, and the ability to manage and continue growth.
Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include the introduction of new technology, market conditions, and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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SOURCE Bollente Companies, Inc.
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