ToughBuilt Industries 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.
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 report.
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.”