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Trutankless, Inc. (OTC: TKLS) is a forward-thinking company specializing in the development of advanced home automation and efficiency systems. Established in 2008 and headquartered in Scottsdale, Arizona, Trutankless has revolutionized how homeowners access hot water. Their flagship products are electric tankless water heaters known for their exceptional energy efficiency and performance, significantly surpassing traditional tank heaters.
Trutankless is a division of Bollente Companies, Inc. (publicly traded as BOLC), and it aims to bring water heating into the next century. Their sleek, space-saving devices are designed with cutting-edge technology, ensuring endless on-demand hot water while promoting energy conservation and long-term savings for consumers. The company's proprietary technology and innovative approach have positioned it as a leader in the market.
Trutankless has recently introduced the GEN3-series, a newly engineered line of products with significant upgrades. These advancements, along with the company's proprietary back-end technology, aim to enhance user experience and drive continued growth. The GEN3-series features improvements in design, production scalability, and overall quality, aided by senior production engineering leadership.
Additionally, Trutankless has announced the spin-off of its wholly-owned subsidiary, Tankless365, Inc., which focuses on innovating lead generation in the home services industry. This strategic move allows Trutankless to streamline its operations while providing its shareholders with additional value. For every four shares of Trutankless common stock held, shareholders will receive one share of Tankless365 common stock.
The company also announced a significant financial maneuver involving the conversion of convertible debt-to-equity by investors, reducing its future annual expenses by over $750,000. This move is part of a broader strategy to capitalize on the company's growth while aligning investor benefits with the brand's success.
Trutankless continues to expand its footprint by selling its products through plumbing wholesale distributors and dealers across the United States. The company's ongoing commitment to quality and innovation makes it a compelling choice for homeowners and investors alike.
Trutankless (OTC: TKLS) announces the launch of its new GEN3 electric tankless water heater, manufactured in the U.S. The new model features faster heating capabilities, reaching set temperatures in 15 seconds - twice as fast as previous versions. The GEN3 includes advanced features such as a reactive control loop for precise temperature regulation, four power settings for versatility, and potential energy savings of up to 20% on utility bills. The unit is made with Incoloy 840 alloy and includes a stainless steel heat exchanger, backed by a 5-year parts warranty and 2-year full system warranty. Its compact design saves up to 9 square feet compared to traditional tanks.
Trutankless (OTC: TKLS) has started shipping its advanced GEN3-series to wholesale clients, marking a key commercial milestone. CEO Guy Newman highlighted the company's efforts in refining the product design with manufacturing partners and expanding its team for superior production quality and scalability. The GEN3-series offers significant technological and efficiency improvements over previous products. The company aims to leverage its existing customer base and new platforms to streamline sales processes, enhance its website, and boost user experience, fostering growth and brand recognition.
Trutankless, Inc. (OTC: TKLS) announced a significant milestone with the entry into engineering verification testing for its next-generation electric tankless water heaters. The company has achieved substantial design progress, anticipating several new patents that could innovate the industry. The new product incorporates advanced technology, including the latest chipsets and an optimized heating engine. CEO Michael Stebbins highlighted ongoing enhancements to manufacturing capabilities in Scottsdale, focusing on high-volume production and advanced automation in North America. Trutankless aims to unveil these products at the upcoming International Builders' Show in Las Vegas, showcasing cutting-edge wireless connectivity and a new app developed in partnership with a major software company.
Trutankless, Inc. (OTC: TKLS) has been moved to the 'Expert Market' due to non-compliance with SEC filing requirements. The company aims to regain its current filing status and is actively working toward this goal. Recently, Trutankless secured financing to support its product development and operations. The company specializes in tankless water heaters and seeks to relist on OTC Pink or other markets once compliance is achieved. This press release will be submitted to the SEC as an exhibit to Form 8-K.
Trutankless, Inc. (OTCQB: TKLS) announced the approval of its patent for a High-Accuracy Response-Curved Flowmeter by the U.S. Patent and Trademark Office on June 15, 2022. The patented technology enhances accuracy at low flow rates, crucial for recirculation systems requiring heated water. CEO Mike Stebbins highlighted that this innovation translates to improved performance and efficiency over competitors. The company specializes in electric tankless water heaters, focusing on energy efficiency and sustainability.
Trutankless, Inc. (OTCQB: TKLS) announced the completion of a corporate spin-off of Notation Labs, Inc. on January 24, 2022. Each shareholder of Trutankless received one share of Notation Labs for every four shares held as of December 10, 2021. The process was facilitated by Pacific Stock Transfer. Trutankless remains focused on developing energy-efficient home automation systems, including electric tankless water heaters. Notation Labs aims to innovate water technologies for consumer comfort and sustainability. For inquiries, shareholders can contact Pacific Stock Transfer.
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