The housing construction market in the United States held strong in July 2017, with a seasonal adjusted rate of 1.22 million building permits, 1.15 million privately owned housing starts, and 1.17 million housing completions for private residences reported for the month. Construction trends are tending toward energy-efficient, water-saving multifamily residences in warm climates, which is fueling the demand for tankless water heaters such as those offered through the Bollente Companies, Inc. (OTC: BOLC) trutankless line. An excerpt from an article further discussing this reads: “The company’s industry partnerships for the trutankless line are an important growth driver and include the largest national and regional plumbing equipment distributors across the nation, as well as first-time partnerships with leading national service companies like Mr. Rooter. The international sale of trutankless systems is being managed through a wholly-owned subsidiary, Bollente International, Inc. Outside the U.S., the demand is high in places like Asia, Europe, Australia, and New Zealand, where homeowners are seeing the economic value of tankless water heater systems. The result has been significant growth, with total revenue for the last four quarters markedly outpacing total revenue of the previous four quarters.”
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About Bollente Companies, Inc.
Founded in 2010, trutankless, a division of Bollente Companies, Inc. (OTC: BOLC) is in the early stages of developing a diverse portfolio of companies, targeting disruptive technologies that positively impact the environment and emerging economies. Founded in 2010, trutankless, a division of the company, was brought to life through the combined insight, ingenuity, and drive of industry professionals, engineers, and entrepreneurs. The objective was to create a line of electric tankless water heaters that far surpasses traditional tank water heaters in energy efficiency, output, dependability and environmental sustainability while overcoming the frustrating drawbacks of other tankless units on the market today. The trutankless mission is to efficiently provide hot water on demand by combining smart engineering with forward-thinking technologies that save owners money, energy, and space. For more information, please visit www.trutankless.com.
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