DUARTE, Calif., Jan. 05, 2022 (Globe NEWSWIRE) — iPower Inc. (Nasdaq:IPW) (“iPower” or the “Company”), just one of the leading on the internet hydroponic devices suppliers and stores, is asserting its expansion into the European industry with the completion of its very first get supply to Amazon (NASDAQ:AMZN) for customers in the United kingdom and Germany.
In December 2021, iPower delivered a number of of its personal branded merchandise for consumer(s) in the British isles and Germany, which includes trimming equipment, air filters, mature bags, tents and other equipment. This delivery marks iPower’s formal entrance into the European hydroponic current market, which is in the early stages of enhancement and provides a prolonged-time period progress possibility for iPower.
“We continue on to deepen our relationships with crucial associates as we enter two new hydroponic markets with pretty confined penetration,” explained iPower CEO Lawrence Tan. “The Uk and Germany are two of the most populous countries in Europe and we think each individual signifies a major early-mover prospect to acquire sector share and push consciousness of our core iPower and Simply just Deluxe manufacturers, as effectively as our recently released Nutrient line–Flourish. We look forward to partnering with Amazon to serve this new established of hydroponic consumers with large top quality goods at an economical cost.”
The initial sale of hydroponic machines for Europe was recognized through the Company’s fiscal next quarter finished December 31, 2021.
About iPower Inc.
iPower Inc. is 1 of the primary online stores and suppliers of hydroponics equipment and add-ons. iPower provides hundreds of inventory trying to keep models from its in-house makes as properly as hundreds of other brand names by means of its web page, www.zenhydro.com, and its on the net system companions. iPower has a varied customer base that includes the two professional companies and persons. For additional information and facts, remember to visit iPower’s website at https://ir.meetipower.com/.
All statements other than statements of historical actuality in this announcement are ahead-seeking statements. These forward-searching statements contain regarded and unknown risks and uncertainties and are primarily based on recent expectations and projections about future functions and economic traits that iPower believes may impact its money condition, outcomes of operations, company method and financial needs. Traders can identify these forward-hunting statements by words and phrases or phrases these types of as “might,” “will,” “expect,” “foresee,” “intention,” “estimate,” “intend,” “approach,” “consider,” “potential,” “go on,” “is/are likely to” or other similar expressions. iPower undertakes no obligation to update ahead-searching statements to reflect subsequent taking place events or situations, or changes in its anticipations, other than as may be needed by regulation. While iPower thinks that the expectations expressed in these ahead-seeking statements are reasonable, it are not able to assure you that these kinds of expectations will switch out to be appropriate, and iPower cautions investors that actual benefits may differ materially from the predicted results and encourages traders to overview other variables that may well have an effect on its potential success in iPower’s registration statement and in its other filings with the SEC.
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