- Hibachi now available on Costco.ca -
MONTREAL, June 3, 2015 /CNW/ - ThermoCeramix Corporation ("ThermoCeramix", "TCX" or the "Company") (TSX Venture Exchange: TCX.V), a technology-licensing company engaged in the development of high-performance, energy-efficient electric heating solutions, announced today that it has expanded distribution of its Downtown Grill Electric Hibachi (the "Hibachi") and will now be offering the Hibachi through Costco.ca. Costco.ca is the second largest online retailer in Canada, generating $352 million in e-commerce revenues annually.
"The addition of the Hibachi to Costco's online catalogue is the culmination of a rigorous two-year process and is a significant milestone in our pursuit of large-scale commercialization of our electric grill," stated Louis Desmarais, CEO of ThermoCeramix. "Costco's reputation for carrying high-quality, trusted products for their members is a testament to the Hibachi's grilling capabilities and, in our belief, our innovative platform technology. We anticipate that Costco's loyal membership base will help us gain a more meaningful foothold with consumers across Canada while maintaining healthy margins on our product. We look forward to the potential opportunity of building on this initial agreement with Costco in the future."
The Hibachi utilizes ThermoCeramix's revolutionary heating technology. The technology's extraordinary conductivity allows the Hibachi to reach up to 700°F in less than 10 minutes without a lid, offering superior performance relative to most gas barbecues with their lids open. The Hibachi is lightweight, portable, and easy to store, and can be used outdoors and indoors, and is ideally suited for condominium and apartment buildings with open flame barbecue restrictions.
ThermoCeramix is focused on growing its retail and online presence to achieve large-scale commercialization of the Hibachi in the short-term. The Company is actively working on further expanding its distribution base, including extending current partnerships and securing new relationships with retailers and speciality stores across North America and Europe. ThermoCeramix anticipates that these efforts will help to accelerate mass-market validation of the Company's platform TCXTM technology, which in turn will provide a pathway to secure development and licensing deals with global aerospace, automotive and appliance manufacturers over the next few years.
In addition to Costco.ca, the Hibachi is also available at Amazon.ca, Canada's largest online retailer, Sur La Table, Frontgate.com, Shop.ca, and other independent and speciality distributors.
ThermoCeramix Corporation (TSX.V: TCX) is a technology-licensing company engaged in the development of high-performance, energy-efficient electric heating solutions. The Company's patented and proprietary TCX™ heating technology uses thermally sprayed heaters applied as a coating directly to almost any profile and material that requires heat. The technology is energy-efficient, scalable, and adaptable to almost any size and shape. The Company holds a strong and broad intellectual property portfolio of over 25 patents. The Company's strategy is to commercialize one application of its technology platform through the development, production and sales of a unique electric indoor-outdoor grill, then license the technology for numerous additional consumer, commercial & industrial applications. For more information, please visit the Company's web site at www.thermoceramix.com.
Caution Regarding Forward Looking Information
Certain information set forth in this press release may contain "forward-looking statements" or "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein may constitute forward-looking statements. Any such forward-looking statements may be identified by words such as "will", "expects", "anticipates", "believe", "projects", "plans", "to be" and similar expressions. Any such statements are not guarantees of future performance and undue reliance should not be placed on them. Any such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. There can be no assurance that any such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. For more information relating to risks which may cause the Company's actual results to be different from expected and historical results, please see the Company's "Filing Statement" dated March 26, 2014 filed under the Company's SEDAR profile at www.sedar.com.
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SOURCE ThermoCeramix Corporation
For further information: ThermoCeramix Corporation, Louis Desmarais, Chief Executive Officer, (450) 641-5461 ext. 5651, [email protected]; TMX Equicom, Marina Proskurovsky, Investor Relations, (416) 815-0700 ext. 288, [email protected]