Triad Pro Innovators, Inc. Provides Sales, Distribution, and Production Update for SPREE Solar-Powered Golf Carts
Triad Pro Innovators (OTC PINK: TPII) has reported positive progress regarding its solar-powered SPREE golf carts. Following a distribution agreement with San Tan, initial deliveries have commenced with strong demand, forecasting around 300 units per year. The company is poised to increase production at its Las Vegas facility, anticipating growth in the $2.52 billion golf cart market by 2026. SPREE's unique advantages, including solar charging and maintenance-free eCell technology, are driving customer interest, positioning TPII favorably in a competitive landscape.
- Initial response from distributor San Tan has been overwhelmingly positive.
- Forecasting an initial demand of approximately 300 units per year.
- Plans to ramp up production in response to clearing port backlogs.
- Confidence in capturing market share in the $2.52 billion golf cart market.
- Supply chain issues and port backlogs have previously impeded production.
- Dependence on timely delivery of components to meet demand.
LAS VEGAS, Dec. 1, 2021 /PRNewswire/ -- Triad Pro Innovators, Inc. (OTC PINK: TPII) is pleased to provide a progress update on the sales, distribution, and production of its SPREE solar-powered golf carts—the world's first solar-powered golf cart.
First SPREE distributor now accepting deliveries and is anxious for more
After entering into a distribution agreement with Phoenix-based San Tan in September, the company is pleased to announce that the initial response to the SPREE has been overwhelmingly positive.
Company CEO Murray Goldenberg stated, "San Tan has started to accept delivery of production units and is anxious to receive additional carts, which are being completed."
The company forecasts an initial demand of approximately 300 units per year through San Tan, delivering an incremental boost to its existing direct sales channel.
Ramping up sales and production to meet a
The company is now actively pursuing additional distributors to add to its national network as it prepares to ramp up production at its new Las Vegas facility.
Murray Goldenberg notes, "Supply chain issues caused by port backlogs have been a major impediment to bringing additional SPREE units onto the market. Without the timely delivery of vital components, we've had to hold back on generating demand that we couldn't meet."
"Now progress is being made in clearing port backlogs, we have confidence in our ability to meet demand and are now scaling up sales and production efforts in response," Goldenberg continued.
The golf cart market is expected to reach U.S.
Big interest in fast-charging eCell technology that outlives the life of the cart
"As word of mouth spreads, customer interest in our solar-powered SPREE golf cart is growing due to the unbeatable advantages it has over traditional golf carts," said Murray Goldenberg, CEO of Triad Pro Innovators.
"Besides its solar charging ability, one of the main factors driving interest in the SPREE is our maintenance-free eCell technology which delivers 30,000+ recharge cycles. This allows the eCell to outlive the life of the cart. Golf courses and other frequent use operators are quick to recognize this as a major advantage over traditional battery banks that require ongoing maintenance and replacement throughout the life of the cart," Goldenberg added.
About Triad Pro Innovators, Inc. (OTC PINK: TPII):
Triad Pro Innovators, Inc. has developed a proprietary device to be utilized in a variety of circumstances to store electricity. The newly developed Triad Pro power supply provides our storage system with tremendous operational flexibility. Using our propriety hardware and software solution, our eCell can be configured to store energy at a rate limited only by the network providing it, and then release that energy in a regulated way based upon the application, which allows for flexibility unknown in current chemical battery-based storage systems. Triad Pro creates and designs renewable energy solutions including Co-Generation and the patent pending eCells that can be used stand alone or modular as energy demands increase.
FORWARD-LOOKING STATEMENTS
The statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe," "estimate," "predict," "potential," "pursuant," "target," "continue," and similar expressions are intended to identify such forward-looking statements. The statements in this press release that are not historical statements, including statements regarding TPII's plans, objectives, future opportunities for TPII's services and products, future financial performance and operating results and any other statements regarding TPII's future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts, are forward-looking statements within the meaning of the federal securities laws. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties, and assumptions, many of which are beyond TPII's control, and which could cause actual results to differ materially from the results expressed or implied by the statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict, and include, without limitation, results of litigation, settlements and investigations; actions by third parties, including governmental agencies; volatility in customer spending; global economic conditions; ability to hire and retain personnel; loss of, or reduction in business with, key customers; difficulty with growth and integration of acquisitions; product liability; cybersecurity risk; anti-takeover measures in our charter documents; and, the uncertainties created by the ongoing outbreak of a respiratory illness caused by the 2019 novel coronavirus that was recently named by the World Health Organization as COVID-19. These and other important risk factors are described more fully in our reports and other documents filed with OTC Markets Group in satisfaction of the company's obligations as an alternative reporting company. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. Except as otherwise required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.
Investor Relations Contact:
info@triadpro.com
714.790.3662
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SOURCE Triad Pro Innovators, Inc.
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