Bollente Companies is growing a diverse portfolio of
companies with an interest in disruptive technologies that positively impact
the environment, consumer lifestyles and emerging economies. The company’s
flagship brand, trutankless®, manufactures and distributes tankless water
heaters that leverage proprietary technology in order to outperform and outlast
both their tank and tankless predecessors – including those produced by
industry giants such as AO Smith (NYSE: AOS) and General Electric (NYSE: GE) –
in terms of energy efficiency, output and durability.
trutankless achieves this industry-leading performance by
integrating its products with existing home automation systems through an
intuitive online control panel, allowing homeowners to easily control water
temperature to within one degree and monitor usage directly from their computer
or mobile devices. These groundbreaking features helped trutankless claim the
‘Best Home Technology Product’ award at the 2014 NAHB International Builders
Show and the ‘Governor’s Award of Merit for Energy and Technology Innovation’
at Arizona Forward’s Environmental Excellence Awards.
By targeting the home automation market, Bollente is in a
strong position to capitalize on rapid industry growth. According to a report
by ABI Research, the U.S. home automation market will exceed $5.5 billion in
2016, and more than 500 million wireless smart home monitoring devices will be
installed worldwide by 2018. This market performance, in addition to new
Department of Energy guidelines for water heater efficiency, should provide a
solid platform upon which to promote sustainable financial growth in the months
to come.
“The new Department of Energy guidelines for water heaters
are going to impact the majority of homes that currently use traditional tank
water heaters,” Michael Stebbins, president of trutankless, stated in a news
release. “Tanks will become larger and costlier to install, and homes requiring
tank heaters that hold 55 or more gallons will have to upgrade to a heat pump
for twice the cost, or go tankless. We are pleased to offer whole-home electric
tankless solutions that already exceed the new Energy Factor guidelines.”
In the first three quarters of 2015, Bollente has made
considerable progress toward improving its position in the home automation
market through the introduction of two innovative products. In January, the
company introduced truCirc, a state-of-the-art smart-home water circulation
pump that limits energy consumption by tracking water usage and predicting hot
water demand. In April, Bollente announced the release of Vero™, a new line of
electric tankless water heaters geared toward budget-driven customers. These
inventive products are expected to play a key role in the company’s ongoing
efforts to increase its market share.
Moving forward, Bollente will look to capitalize on the
established industry position of its trutankless brand while continuing to
evaluate additional acquisition opportunities that can achieve strong
profitability and generate lasting returns for its shareholders.
For more information, visit www.bollentecompanies.com
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