Provided By ACCESS Newswire
Last update: Feb 27, 2025
Latest purchase confirms significant demand for CLMBR in Germany, quickly following on the initial order that was fulfilled in the Fall of 2024
Growing demand strengthens distributor relationship and validates TRNR's acquisition of German market leader Sportstech
Germany is the largest fitness market after the United States
AUSTIN, TX / ACCESS Newswire / February 27, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or "the Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands, today announced that it secured a repeat six-figure order for CLMBR from its Germany distributor, following its the initial six-figure order that was fulfilled in the Fall of 2024.
Trent Ward, Co-Founder and CEO of TRNR, said: "Germany is the largest US fitness market outside the US, and this repeat order confirms the strong interest in CLMBR in that geography. Our distributor has been a leader in fitness equipment in that market for decades and has been selling to RSG, owner of Gold's and McFit, among others, so we're very pleased to be able to work with them to meet growing demand."
Mr. Ward continued: "We're also excited that going forward we'll have even deeper roots in the German and EU markets thanks to our pending acquisition of the market leader, Sportstech, announced earlier this month. FIBO, the largest fitness show in the world, is also held in Germany in April and CLMBR will be exhibiting for the second year, so we believe we have multiple paths to significant growth in the region when combined with Sportstech's gym, equipment and connected-fitness platform."
For more commentary, information and details of TRNR's strategy and increased, $50M pro forma revenue guidance, including its Sportstech acquisition, see TRNR's investor deck on the Company's investor website as well as its required filings with the US Securities & Exchange Commission (SEC).
TRNR Investor Contact
ir@interactivestrength.com
TRNR Media Contact
forme@jacktaylorpr.com
About Interactive Strength Inc.:
Interactive Strength Inc. produces innovative specialty fitness equipment and digital fitness services under two main brands: 1) CLMBR and 2) FORME. Interactive Strength Inc. is listed on NASDAQ (symbol:TRNR).
CLMBR is a vertical climbing machine that offers an efficient and effective full-body strength and cardio workout. CLMBR's design is compact and easy to move - making it perfect for commercial or in-home use. With its low impact and ergonomic movement, CLMBR is safe for most ages and levels of ability and can be found at gyms and fitness studios, hotels, and physical therapy facilities, as well as available for consumers at home. www.clmbr.com.
FORME is a digital fitness platform that combines premium smart gyms with live virtual personal training and coaching to deliver an immersive experience and better outcomes for both consumers and trainers. FORME delivers an immersive and dynamic fitness experience through two connected hardware products: 1) The FORME Studio Lift (fitness mirror and cable-based digital resistance) and 2) The FORME Studio (fitness mirror). In addition to the company's connected fitness hardware products, FORME offers expert personal training and health coaching in different formats and price points through Video On-Demand, Custom Training, and Live 1:1 virtual personal training. www.formelife.com.
Forward Looking Statements:
This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the possibility of future international orders or demand for CLMBRs or the Company generating revenue from sales of CLMBR to its German distributor or the Company completing the acquisition of Sportstech or generating significant growth in Europe. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.
Contact Information
John McNamara
IR
john@tradigitalir.com
917-658-2602
SOURCE: Interactive Strength Inc.
NASDAQ:TRNR (2/27/2025, 9:38:10 AM)
1.938
+0.69 (+55.04%)
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