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.
Founded in 2010, trutankless, a division of Trutankless, Inc. (OTCQB: TKLS), was brought to life through the combined insight, ingenuity, and drive of industry professionals and engineers 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.
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.
SOURCE Trutankless, Inc.