Interactive Strength Inc. (Nasdaq: TRNR) Secures Global Vendor Status with Industry Leader RSG Group for CLMBR
Interactive Strength Inc. (NASDAQ:TRNR), maker of CLMBR and FORME fitness equipment, has secured Global Vendor Status with RSG Group, owner of Gold's Gym, McFit, John Reed, and other brands representing over 900 locations worldwide. This status is expected to drive further penetration of CLMBR into Gold's Gym's 600+ locations globally and open up new markets. The company anticipates accelerated growth in Europe, particularly in Germany, the largest international fitness market, once European certification is obtained. TRNR's CEO, Trent Ward, expressed pride in this recognition and confidence in CLMBR's demand, citing strong interest at FIBO, the world's largest fitness show held in Germany.
Interactive Strength Inc. (NASDAQ:TRNR), produttore di attrezzature fitness CLMBR e FORME, ha ottenuto lo Stato di Fornitore Globale con RSG Group, proprietario di Gold's Gym, McFit, John Reed e altri marchi con oltre 900 sedi in tutto il mondo. Questo riconoscimento dovrebbe favorire una maggiore penetrazione di CLMBR nelle oltre 600 sedi di Gold's Gym nel mondo e aprire nuovi mercati. L'azienda prevede una crescita accelerata in Europa, in particolare in Germania, il più grande mercato fitness internazionale, una volta ottenuta la certificazione europea. Il CEO di TRNR, Trent Ward, ha espresso orgoglio per questo riconoscimento e fiducia nella domanda di CLMBR, citando un forte interesse al FIBO, la più grande fiera del fitness del mondo tenutasi in Germania.
Interactive Strength Inc. (NASDAQ:TRNR), fabricante de equipos de fitness CLMBR y FORME, ha asegurado el Estado de Proveedor Global con RSG Group, propietario de Gold's Gym, McFit, John Reed y otras marcas que representan más de 900 ubicaciones en todo el mundo. Se espera que este estado impulse una mayor penetración de CLMBR en más de 600 ubicaciones de Gold's Gym a nivel global y abra nuevos mercados. La compañía anticipa un crecimiento acelerado en Europa, particularmente en Alemania, el mayor mercado de fitness internacional, una vez obtenida la certificación europea. El CEO de TRNR, Trent Ward, expresó orgullo por este reconocimiento y confianza en la demanda de CLMBR, citando un fuerte interés en FIBO, la feria de fitness más grande del mundo celebrada en Alemania.
Interactive Strength Inc. (NASDAQ:TRNR), CLMBR 및 FORME 피트니스 장비의 제조업체,가 RSG Group와의 글로벌 공급업체 상태를 확보했습니다. RSG Group은 Gold's Gym, McFit, John Reed 및 전체적으로 900개 이상의 지점을 운영하는 다른 브랜드의 소유자입니다. 이 상태는 Gold's Gym의 600개 이상의 지점에 CLMBR을 더욱 확산시키고 새로운 시장을 열 것으로 예상됩니다. 이 회사는 유럽에서 가속화된 성장이 있을 것으로 예상하고 있으며, 특히 독일은 가장 큰 국제 피트니스 시장으로, 유럽 인증을 획득하면 더욱 그렇습니다. TRNR의 CEO인 Trent Ward는 이 인식에 자부심을 표명하고 CLMBR에 대한 수요에 대한 자신감을 내비치며, 독일에서 열리는 세계 최대 피트니스 박람회 FIBO에서의 높은 관심을 언급했습니다.
Interactive Strength Inc. (NASDAQ:TRNR), fabricant d'équipements de fitness CLMBR et FORME, a obtenu le statut de fournisseur mondial auprès de RSG Group, propriétaire de Gold's Gym, McFit, John Reed et d'autres marques représentant plus de 900 emplacements dans le monde. Ce statut devrait favoriser une pénétration accrue de CLMBR dans les plus de 600 emplacements de Gold's Gym à l'échelle mondiale et ouvrir de nouveaux marchés. La société prévoit une croissance accélérée en Europe, notamment en Allemagne, le plus grand marché international du fitness, une fois la certification européenne obtenue. Le PDG de TRNR, Trent Ward, a exprimé sa fierté pour cette reconnaissance et sa confiance dans la demande de CLMBR, citant un fort intérêt au FIBO, le plus grand salon du fitness au monde qui s'est tenu en Allemagne.
Interactive Strength Inc. (NASDAQ:TRNR), Hersteller von CLMBR- und FORME-Fitnessgeräten, hat den Status als globaler Anbieter mit der RSG Group gesichert, die Gold's Gym, McFit, John Reed und andere Marken mit über 900 Standorten weltweit besitzt. Dieser Status wird voraussichtlich eine tiefere Durchdringung von CLMBR in den über 600 Gold's Gym Standorten weltweit vorantreiben und neue Märkte eröffnen. Das Unternehmen rechnet mit beschleunigtem Wachstum in Europa, insbesondere in Deutschland, dem größten internationalen Fitnessmarkt, sobald die europäische Zertifizierung erlangt ist. Der CEO von TRNR, Trent Ward, äußerte Stolz über diese Anerkennung und Vertrauen in die Nachfrage nach CLMBR und verwies auf das starke Interesse auf der FIBO, der weltweit größten Fitnessmesse, die in Deutschland stattfindet.
- Secured Global Vendor Status with RSG Group, a major fitness center owner
- Potential for increased sales in over 900 RSG Group locations globally
- Expected acceleration of CLMBR's growth in Europe, particularly Germany
- Strong interest in CLMBR demonstrated at FIBO, the largest fitness show worldwide
- European certification for CLMBR still pending, potentially limiting immediate European market access
Insights
This news is moderately positive for TRNR. Securing Global Vendor Status with RSG Group opens up significant potential for CLMBR's market expansion. With access to over 900 locations across various brands, including Gold's Gym, McFIT and John Reed, TRNR has positioned itself for substantial growth in both domestic and international markets.
However, investors should note that this is primarily a future growth opportunity rather than an immediate revenue boost. The actual impact on financials will depend on the rate of adoption across RSG Group's locations and the successful European certification of CLMBR. The
The fitness equipment market is highly competitive, but TRNR's CLMBR has positioned itself well with this partnership. The global gym market was valued at
Key points to consider:
- Gold's Gym's 600+ locations offer immediate growth potential in the U.S.
- Expansion into European markets through McFIT and John Reed brands
- Germany, as the largest international fitness market, presents a important opportunity
While this partnership is promising, investors should watch for actual adoption rates and any potential challenges in meeting demand or navigating international regulations.
CLMBR's acceptance as a Global Vendor for RSG Group suggests that its technology is competitive in the high-end fitness equipment market. However, the fitness tech landscape is rapidly evolving, with trends like AI-powered workouts and VR fitness experiences gaining traction.
TRNR needs to ensure CLMBR remains innovative to maintain its appeal. The mention of pending European certification indicates ongoing product development, which is important in this sector. Investors should monitor:
- CLMBR's feature set compared to competitors
- R&D investments and new product announcements
- Integration capabilities with popular fitness apps and platforms
While the RSG Group partnership is a strong vote of confidence, TRNR must continue to innovate to capitalize on this opportunity fully.
RSG Group owns Gold's Gym, McFIT, John Reed among other brands
There are more than 900 locations in the group
AUSTIN, TX / ACCESSWIRE / September 12, 2024 / Interactive Strength Inc. (NASDAQ:TRNR) ("TRNR" or "the Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands, today announced that CLMBR has secured Global Vendor Status with RSG Group, owner of Gold's Gym, McFit, John Reed and other brands that represent more than 900 locations.
Trent Ward, Co-Founder and CEO of TRNR, said: "RSG Group is one of the biggest and most innovative fitness center owners in the world and we are very proud of CLMBR's recognition as one of the Global Vendors. While we have had success with selling CLMBR into individual Gold's Gym locations in the US so far, we expect that this acceptance into the global program will drive further penetration in the entire system of more than 600 locations and open up all of the other countries for Gold's Gym."
"Additionally, McFit and John Reed are leading gym chains in Europe that are now able to buy CLMBR as a result of the Global Vendor status and due to the six-figure order from our German distributor that was announced in July," Mr. Ward continued. "We are expecting to see an acceleration in CLMBR'S growth in Europe once we receive the appropriate European certification, which is expected in the near-term. Germany is the largest international fitness market and we are confident of the demand in Germany after the seeing the strong interest in CLMBR at FIBO, the largest fitness show in the world, which was held in Germany this past April."
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About Interactive Strength Inc.:
Interactive Strength Inc. produces innovative specialty fitness equipment and digital fitness services under two main brands: 1) CLMBR and 2) FORME. Interactive Strength Inc. is listed on NASDAQ (symbol: TRNR).
CLMBR is a vertical climbing machine that offers an efficient and effective full-body strength and cardio workout. CLMBR's design is compact and easy to move - making it perfect for commercial or in-home use. With its low impact and ergonomic movement, CLMBR is safe for most ages and levels of ability and can be found at gyms and fitness studios, hotels, and physical therapy facilities, as well as available for consumers at home. www.clmbr.com.
FORME is a digital fitness platform that combines premium smart gyms with live virtual personal training and coaching to deliver an immersive experience and better outcomes for both consumers and trainers. FORME delivers an immersive and dynamic fitness experience through two connected hardware products: 1) The FORME Studio Lift (fitness mirror and cable-based digital resistance) and 2) The FORME Studio (fitness mirror). In addition to the company's connected fitness hardware products, FORME offers expert personal training and health coaching in different formats and price points through Video On-Demand, Custom Training, and Live 1:1 virtual personal training. www.formelife.com.
Forward Looking Statements:
This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the possibility of future international orders or demand for CLMBRs with RSG Group or the Company generating revenue from sales of CLMBR or the Company shipping CLMBRs or receiving international certifications for CLMBR in the near-term or at all. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.
SOURCE: Interactive Strength Inc.
View the original press release on accesswire.com
FAQ
What is the significance of TRNR securing Global Vendor Status with RSG Group?
How many locations does RSG Group have for potential CLMBR sales?
What is TRNR's plan for European market expansion?
Where has TRNR's CLMBR product shown strong interest internationally?
