An increasing market value and lucrative assets are making Bollente Companies, Inc. (OTCQB: BOLC) appealing to potential investors. The shares bought over the past couple of years show that investors are taking notice of Bollente as it continues to partner with entrepreneurs and take on opportunities to grow its business and market presence.
Over the past several years, the company has worked to successfully develop an advanced consumer product with worldwide potential – a next-generation technology tankless electric water heater with major advances over other tankless systems, gas or electric, on the market. A diverse portfolio of companies has already opted for Bollente’s trutankless® system, including Cullum Homes, which has recently added the smart electric tankless water heaters in its properties – The Village at Mountain Shadows in Paradise Valley, Arizona, along with The Village at Silverleaf, located in North Scottsdale, Arizona. After extensive research and engineering, Bollente Companies officially launched the water heater line in 2014 and has been granted 32 patent claims on the technology, with several new ones on the way. The company’s trutankless® line is now the subject of demand among builders and remodelers.
The company’s recent press release regarding Cullum Homes (http://dtn.fm/ImM08) included awards its advanced tankless water heater system has already received. The system has been honored by Arizona Forward’s Environmental Excellence Awards with the Governor’s Award of Merit for Energy and Technology Innovation. It was also named a Hot Product in Green Builder Magazine, and it received a silver award in the Appliance Design Excellence in Design contest. Earlier, it had been named “Best Home Technology Product” at the 2014 IBS show.
Developing product sales aren’t the only thing going for Bollente and its investors. A customized marketing program launched in 2015 (aimed at trutankless® installation partners) has boosted sales and introduced a proprietary app that notifies installers of sales opportunities via text message. The program includes training opportunities and a partnership with bluemedia, a signage provider, enabling installers to order branded vehicle wraps for their service fleets.
A recent report (http://dtn.fm/Jww5N) announced hundreds of electric tankless water heaters will be installed in senior living townhomes at Friendship Village in Tempe, Arizona, by 2018. The product is supporting the community’s continuing expansion. Another appeal to investors is the product’s energy efficiency, as these water heaters produce hot water at consistent temperatures, despite variations in incoming water temperature, to within one degree. They also provide the advantages of home automation, remote control, freeze protection, dry-fire defense, leak detection, and smart grid capabilities.
Globally, tankless water heater sales generated an estimated revenue of nearly $17 billion, according to Persistence Market Research (http://dtn.fm/wPaw5), and they are projected to exceed well over $25 billion by 2024. This market segment represents just a small part of the global green building sector, which is currently outpacing overall U.S. construction growth and continues to double in size every three years. Smart appliances, including IoT devices in the home, represent a market valued at nearly $47 billion in 2015 that’s expected to grow to almost $122 billion by 2022 (per a MarketandMarkets forecast, http://dtn.fm/rtV6e). The growth in the number of senior living communities over the next 10 years represents a market opportunity for tankless water heaters as well – as baby-boomers look to healthy living and energy saving solutions. Therefore, investors focused on growth, market value, and energy efficiency can find Bollente a company worth considering.
For more information, visit the company’s website at www.BollenteCompanies.com
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