SWMBRD Sports Inc (CSE:SWIM) has announced the commencement of the mass production of its proprietary swimboard at Tahe Outdoors in France, the company’s original equipment manufacturer (OEM) manufacturing partner.
This important milestone marks the transition of the SWMBRD to a mass-producible retail consumer product and the company said it anticipates commencing retail sales in February 2023.
In a statement, SWMBRD president, Justin Schroenn said: “We are very pleased to have arrived at this critical milestone in the story of SWMBRD – the realization of a dream born almost a decade ago. The founders would like to express their very deepest gratitude to all of the shareholders who have made this tremendous moment possible.”
READ: SWMBRD Sports completes first tranche of previously announced non-brokered private placement for gross proceeds of $163,250
On December 13, 2022, Tahe Outdoors informed SWMBRD that the planned production line had been initialized. The production line produces boards using Tahe’s advanced ACE-TECH process and utilizes both sets of custom-built SWMBRD molds.
ACE-TECH was selected by SWMBRD as the optimal method of producing a mass-market version of the SWMBRD, incorporating the best aspects of a fiberglass board (lightness and performance) with those of a high-quality plastic board (durability, speed of production and lower cost).
Additionally, SWMBRD Sports announced that it has approved the appointment of Russell A. Farrow Limited as its North American Customs Broker.
Farrow is Canada's largest independently owned customs agent, with over 100 years of expertise in international trade. Farrow is able to provide all of the essential supply chain services required by SWMBRD as it prepares to commence retail sales of its proprietary swimboard and related products in the Spring of 2023, including international shipping, customs brokerage, warehousing, and North American fulfillment services (Canada, US and Mexico).
Schroenn added: “We are very pleased to have initiated our business relationship with Farrow. Farrow’s experience and expertise in managing supply chains will be an enormous asset in delivering our products from the factory door in France to the customer’s door anywhere in North America.”
The company also said it has entered into an agreement with Market One Media Group Inc under which MarketOne has agreed to provide investor relations services to the company for 12 months. In consideration for the services, the company will pay MarketOne an aggregate amount of $85,000 (plus GST).
SWMBRD Sports is a Vancouver, BC-based sporting goods company looking to enable millions to rethink their way of recreating in the water. Its management believes that SWMBRD’s proprietary aquatic sports board, by virtue of its patented design, is revolutionary in how it empowers the human body in the water like nothing before, giving water lovers of all ages and abilities the freedom to explore all aquatic environments with ease.
Contact the author at jon.hopkins@proactiveinvestors.com