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Torque Lifestyle Brands JV Expands Production Space with Brand New 20 sq ft Facility on back of $4m Purchase Order

Torque Lifestyle Brands JV Expands Production Space with Brand New 20 sq ft Facility on back of $4m Purchase Order

TORQUE Lifestyle Brands合资公司在400万美元的采购订单后推出全新的20平方英尺设施,扩大生产空间
GlobeNewswire ·  2021/12/16 09:26

WHEAT RIDGE, CO, Dec. 16, 2021 (GLOBE NEWSWIRE) -- Torque Lifestyle Brands Inc. (OTC Pink: TQLB) ("Torque" or the "Company"), an emerging leader in the manufacture of active lifestyle sports nutrition and supplements, is excited to announce it has opened its new Texas manufacturing facility.

环球新闻社,2021年12月16日,科罗拉多州麦岭--TORQUE Lifestyle Brands Inc.(OTC Pink:TQLB)(“TORQE”或“公司”),一家生产积极生活方式运动营养品和补充剂的新兴领先者,兴奋地宣布已经在德克萨斯州开设了新的制造工厂。

Commenting on the development, Chief Operating Officer, Michael Bischoff stated that "the new production facility will have new sachet packing equipment which can service 20,000 packs and stick packs per day early 2022 as well as having a new dual-head powder filling line which will give the facility the capability to fill 10,000 units of product for per day once they come online." He continued, "outside of the 'powders' we are already filling orders for, we have the new 'capsule' or 'pill' machines which will count and fill 15,000 units per day when we start that line up in the latter half of 2022. Zero Torque is shaping up to be a monster producer of pills and powders for the nutritional supplements industry."

首席运营官迈克尔·比肖夫(Michael Bischoff)在评论这一发展时表示:“新的生产设施将拥有新的香包包装设备,2022年初每天可为2万包和棒装包装提供服务,并拥有一条新的双头粉末灌装线,一旦产品上线,工厂将有能力每天灌装1万个单位的产品。”他接着说:“除了我们已经在订购的‘粉末’之外,我们还有新的‘胶囊’或‘药丸’机器,当我们在2022年下半年开始这条生产线时,这种机器每天将计数和填充1.5万个单位。零扭矩正在形成一个为营养补充剂行业生产药丸和粉末的怪物。”

Zero Torque Manufacturing LLC currently supports the production of both Glaxon () for GNC and Storm Lifestyles () both of which are brands that will have huge market pull. Glaxon was recently picked up by GNC as part of a new GNC partnership and Storm is launching in January and ramping up production of the Storm 'Focus' and 'Pre-Workout' products to accommodate for inventory requirements will begin in the coming days and weeks. Outside of those two initial partners, Zero Torque will be opening up capacity throughout 2022 to further brands requiring significant inventory production and expects to carve out a niche for itself, especially during COVID, by ensuring it has raw material inventory sufficient to run continuous operations and fill very large orders very fast.

Zero Torque Manufacturing LLC目前支持为GNC生产Glaxon()和Storm Lifeyles(),这两个品牌都将具有巨大的市场吸引力。葛兰素史克最近被GNC收购,作为新的GNC合作伙伴关系的一部分,Storm将于1月份推出,并将在未来几天和几周内开始增加Storm“Focus”和“Pre-Working”产品的产量,以满足库存需求。除了这两个最初的合作伙伴,零扭矩将在整个2022年向更多需要大量库存生产的品牌开放产能,并预计将为自己开辟一个利基市场,特别是在COVID期间,方法是确保其有足够的原材料库存来持续运营并非常快地完成非常大的订单。

The manufacturing facility, which occupies 20k sq foot near critical infrastructure in Austin, TX and is being setup so as to support existing orders and operations and will not only fulfil the $4m orders already received from Glaxon, but also fulfil orders expected over the coming weeks from American Metabolix Inc's "Storm Lifestyles".

该制造设施占地2万平方英尺,靠近德克萨斯州奥斯汀的关键基础设施,目前正在建设中,以支持现有订单和运营,不仅将履行已从葛兰素史克收到的400万美元订单,还将履行预计未来几周来自美国Metabolix Inc.“Storm Lifestyle”的订单。

The Company divested of its American Metabolix, Inc. subsidiary in August 2021, including Storm, and that brought in $500,000 of non-dilutive cash onto the balance sheet upon closing.

该公司于2021年8月剥离了包括Storm在内的美国Metabolix公司子公司,该子公司在关闭时为资产负债表带来了50万美元的非稀释现金。

Torque recently announced that Zero Torque, the company's majority owned JV subsidiary, had secured a $4m purchase order from GNC Partner 'Glaxon' () as well as Torque already showing invoiced revenues on its P&L in excess of $1m. GLAXON is one of the fastest growing and most innovative brands in the active nutrition space. That growth has been driven by disruptive thought-provoking branding, product education, and transparent supplements that provide lifestyle solutions. GLAXON products have already received multiple industry awards in less than two years since launch and will now be manufactured at the Zero Torque Facility in Texas.

Torque最近宣布,该公司持有多数股权的合资子公司Zero Torque已从GNC合作伙伴葛兰素史克(Glaxon)那里获得了400万美元的采购订单,以及Torque已经显示其损益表上的发票收入超过100万美元。GLAXON是活跃营养领域增长最快、最具创新性的品牌之一。这种增长是由发人深省的颠覆性品牌宣传、产品教育和提供生活方式解决方案的透明补充剂推动的。自推出以来,GLAXON的产品在不到两年的时间里已经获得了多个行业奖项,现在将在德克萨斯州的零扭矩工厂生产。

About Torque Lifestyle Brands Inc.
Torque Lifestyle Brands Inc. (OTC Pink: TQLB) is focused on its manufacturing JV approach and  driving performance through partnerships, JV's and acquisitions in the nutritional supplements space.
Cautionary Statement Regarding Forward-Looking Statements
Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company's expectations about its future operating results, performance, and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding departure of the company's CEO. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "target," "intend" and "expect" and similar expressions, as they relate to Progressive Care Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.

关于TORQUE Lifestyle Brands Inc.
TORQUE Lifestyle Brands Inc.(场外交易粉色代码:TQLB)专注于其制造合资企业的方法,并通过合作伙伴关系、合资企业和营养补充剂领域的收购来推动业绩。
关于前瞻性陈述的警告性声明
本文中包含的非基于当前或历史事实的陈述属于前瞻性陈述,符合1933年“证券法”第27A节和1934年“证券交易法”第21E节的含义。这些前瞻性陈述反映了公司对涉及重大风险和不确定因素的未来经营结果、业绩和机会的预期。这些声明包括但不限于有关公司首席执行官离职的声明。在本文中使用的“预期”、“相信”、“估计”、“即将”、“计划”、“目标”、“打算”和“预期”以及类似的表述,涉及进步护理公司、其子公司或其管理层,旨在识别此类前瞻性陈述。这些前瞻性陈述以公司目前掌握的信息为基础,受许多风险、不确定因素和其他因素的影响,这些风险、不确定因素和其他因素可能导致公司的实际结果、业绩、前景和机会与这些前瞻性陈述中明示或暗示的内容大不相同。

Corporate Contact:
invest@torquelb.com

公司联系人:
邮箱:Invest@torquelb.com

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