ToughBuilt Industries Launched Innovative StackTech Line: A Mobile Stacking Tool Organization Ecosystem

• ToughBuilt entered the Stacking Tool Storage and Toolbox market for the first-time beginning October 19th, 2023, with an initial roll out of more than 25 SKUs.
• StackTech™ is the world's first auto-locking stacking tool storage solution with 14 unique features.
• The Toolbox category is projected to expand at a CAGR of 8.3% from 2022 to 2032, with an expected market share of USD 6.8 Billion by 2032, according to a 2022 market research report*.
  
   

IRVINE, Calif., Oct. 24, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt" or the Company") (NASDAQ:TBLT, TBLTW))), announced today that the Company has released its revolutionary StackTech™ mobile stacking toolbox system.

This innovative new storage ecosystem and its accessories have debuted through a leading US home improvement retailer and will expand globally across the Company's growing strategic networks of international trade partners and buying groups. ToughBuilt's launch into the stacking Toolbox category has swept social media with an early preview of the product line, garnering more than 19 million impressions in just two weeks.

Find out what the Pros are saying:

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The StackTech system brings innovative solutions to a rapidly growing market, projected to expand by a compound annual growth rate (CAGR) of 8.3% in the ten-year period between 2022 and 2032, according to a June 2022 market research report1.

Michael Panosian, Co-Founder and Chief Executive Officer of ToughBuilt, commented, "StackTech™ joins the market with multiple patented competitive advantages that redefine the category, offering unrivaled functionality, comprehensive breadth of line, solid durability, and a groundbreaking transportation system." He continued, "Professionals can trust our commitment to continued innovation that will shape the category for years to come. By entering this category, we harness opportunities to grow and secure new revenue streams to increase our global brand leadership and promote greater shareholder value."

1 Future Market Insights Report. (06/2022). Tool Boxes Market by Material, Product Type, End User & Region - Forecast 2022 - 2032- Future Market Insights https://www.globenewswire.com/news-release/2022/07/20/2482850/0/en/Tool-Boxes-Market-is-Expected-to-Reach-US-6-8-Billion-and-Exhibit-Growth-at-a-CAGR-of-8-3-in-the-2022-to-2032-Future-Market-Insights-Inc.html