"Samsara Luggage plans to continue and dramatically increase its sales in the coming year with the launch of its Next Gen line of luggage." - Authority Magazine
Samsara Luggage (OTC: SAML) announced plans to boost sales with its upcoming Next Gen line of smart luggage, as revealed in a recent interview. The company reported a remarkable 275% revenue increase in Q1 2021 compared to the previous year. The Next Gen carry-on suitcase features groundbreaking technology, including WiFi Hotspot, GPS tracking, and wireless charging. CEO Atara Dzikowski emphasized their goal to enhance shareholder value and disrupt the travel industry with innovative products. Further details highlight the challenges and competitive landscape ahead.
- 275% increase in Q1 2021 revenue compared to the previous year.
- Launch of Next Gen smart luggage to meet growing travel demand.
- Innovative features like WiFi Hotspot, GPS tracking, and wireless charging.
- Dependence on key personnel for successful implementation of growth strategies.
- Uncertainties related to international manufacturing and supply chain may impact performance.
- Competition in the smart luggage market poses risks to market acceptance.
NEW YORK, June 4, 2021 /PRNewswire/ -- In a recently published interview with Authority Magazine, Samsara Luggage (OTC: SAML), a company that combines functional design with innovative technology to develop smart travel products, announced plans to leverage its upcoming launch of its Next Gen line of luggage to continue to increase sales and in preparation for a proposed uplisting in the capital market. The company recently announced Q1 results for 2021 reflecting a
"We look forward to building on the momentum that has been building as people continue to gear up for the return to travel," says Atara Dzikowski, Co-founder & CEO, Samsara Luggage. "We believe we will be able to broaden our stockholder value proposition as we continue aiming towards our interim and long-term goals. Our plans to disrupt the industry with cutting-edge technology and improved product offerings are moving forward and we couldn't be more excited for the future."
Samsara's Next Gen smart carry-on suitcase is expected to launch as travel continues to resume activity in the coming months. The Next Gen was received with enthusiasm and anticipation by the press once unveiled at the 2020 Consumer Electronics Show (CES). Samsara Luggage's Next Gen carry-on is the first smart suitcase on the market with WiFi Hotspot technology that provides travelers with access to a secured global network. Other key features of the Next Gen line include GPS tracking, Bluetooth 5.1, wireless charging dock and USB-C charging port.
About Samsara Luggage:
Samsara Luggage, Inc. is a global smart luggage and smart travel brand with a deep belief in creating a world where travel isn't a hassle, but rather an effortless experience. By combining smart features, including IoT technology, innovative design and quality materials, Samsara is dedicated to transforming the travel industry with its products. Samsara Luggage unveiled its Next Generation smart carry-on at the 2020 Consumer Electronics Show (CES). The Next Generation is the first to market a Wi-Fi Hotspot technology for travelers to access a secured network globally.
In response to the coronavirus pandemic Samsara Luggage launched the Smart Weekender Nano Bag, an overnight travel bag treated with a layer of bacteriostatic nanotechnology protection that prevents colonies of bacteria from developing on the fabric. Samsara Luggage also launched Essentials by Samsara, safety kit providing commuters with a new layer of safety with protective items like facemasks, hand sanitizer, disposable gloves and alcohol wipes. These kits are sold individually and gifted to customers with purchase of the Carry-on Aluminum suitcase or Smart Weekender bag.
Samsara launched Sarah & Sam, a fashion and lifestyle collection in the fourth quarter of the 2020 fiscal year. Sarah & Sam is a part of Samsara Direct, a new business model initiated in response to the travel restrictions enforced due to the coronavirus pandemic. Samsara Direct leverages the company's established digital assets and manufacturing and fulfillment supply chain capabilities to offer additional consumer products that respond to the changing needs of the market.
Forward-Looking Statements:
All statements other than statements of historical facts contained in this press release are "forward-looking statements," which may often, but not always, be identified by the use of such words as "expects", "anticipates", "intends", "estimates", "plans", "potential", "possible", "probable", "believes", "seeks", "may", "will", "should", "could" or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. These factors include uncertainties as to the Company's international manufacturing and supply chain, market acceptance of the Company's smart luggage, successfully implementing the Company's growth strategy, dependence on key Company personnel, changes in economic conditions, competition and other risks including, but not limited to, those described from in the Company's Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 30, 2021 (the "SEC"), and other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof and the Company disclaims any obligations to update these statements except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.
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SOURCE Samsara Luggage Inc.
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