Monthly Archives: April 2017

Part of the company’s ongoing expansion, Toolots Taiwan will help serve international community

Toolots signed documents securing a new facility in Taiwan to better serve the global industrial machinery and equipment market

TAIWAN – April 20, 2017 – As part of the ongoing growth of Toolots, Inc., the company is expanding its global reach with the addition of a new facility in Taiwan. This week the company signed documents securing a new Taiwan office and creation of Toolots Taiwan, helping to better serve the international community and boost the marketing, sales and fulfillment of products from around the world, including United States-made industrial equipment and tools, throughout the region.

Toolots Chief Executive Officer Jason Fu said the new location will employ six full-time employees, adding, “They will work with our international team to build the Toolots brand and help to better locate, market, sell and deliver industrial products from all over the world, including the United States and Asia.”

Fu said, “This Taiwan office is a symbol that Toolots is growing fast, but we are growing intelligently. There is great demand in Asia for American-made industrial equipment and with this new location, and Toolots will be able better serve its international customers and fulfill orders for those in-demand products.”

Likewise, the Toolots Taiwan business development team will coordinate with leadership at the company’s California-based headquarters to identify Asian products that are in high demand within the U.S.

About Toolots

Toolots, headquartered in Cerritos, California, offers an online marketplace and international distribution channel for factory-direct industrial tools, machinery, and technology. The user-friendly platform provides fast, easy access to high-quality, affordable equipment to manufacturers. Toolots’ comprehensive services streamline the purchase, delivery, installation and warranty of industrial technology, machinery and components, and uphold the quality of important goods through a vetted network of vendors and service technicians. The company’s dedication to fostering international trade relations passes on cost savings to the consumer, contributes to reduced downtime, improves productivity and expands a manufacturer’s reach. Toolots has strategically located warehouses, showrooms, and offices across the United States and China. For more information about Toolots, visit their website at www.toolots.com.

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Ningbo Pinyuan Electric Co. develops and builds commonly used industrial lights, perfect for retrofitters, construction, and industrial customers

Owner of Pinyuan Electric, Wensheng Jiang, is proud of the quality LED lights his factory produces in Yuyao, China

YUYAO, China – April 17, 2017 – As part of an ongoing trade mission to eastern China to meet with manufacturers of innovative and competitive industrial products, Toolots, Inc. and its executives, business development and public affairs team met with an LED lighting manufacturer in the city of Yuyao. Ningbo Pinyuan Electric Co., based out of the Zhejiang Province, produces a variety of different LED lighting systems catering to the industrial, construction and scientific/research markets.

“Originally, we made power supply systems for computers but recently, we’ve developed new LED products perfect for industrial applications,” Company owner Wensheng Jian said, speaking through a translator. “Our technology is better than anything you will find in any other factory."

Behind the curtain, Jiang said, are powerful technical support and special design teams who have continually improved the technology and its programming. Ningbo Pinyuan Electric Co. has manufactured power supply systems for more than a decade and has perfected the technology that supports these new lighting systems, he added.

The meeting between both companies included Toolots Founder and Chief Executive Officer Jason Fu, Chief Operating Officer Raymond Cheng, Director of Global Commerce Services Grant Montgomery, Director of Public Affairs Chris Foy and Engineer Gary Krause, as well as other representatives from the Pinyuan Electric.

When asked why he was interested in partnering with Toolots, Jiang said marketing and selling his products to American consumers would finally be simple and low maintenance, so he can focus on developing new product lines to cater to new customers. Without a partner like Toolots, he said, it is much harder to break into the American industrial market; he can now leverage the California-based company’s resources to do just that, Jiang added.

Ningbo Pinyuan Electric Co. sells LED lights geared towards the American industrial, construction and research markets. Their products are more affordable than similar products sold by global competitors, but Jiang is confident his technology is superior to any others.

“We have products for mobile industrial applications, like a construction site or a machine shop where direct light is needed,” Jiang said, adding they also produce stationary ceiling lights and magnetic, magnified lights perfect for factories, machine shops and research facilities.

One of the company’s signature products is a magnetic LED light that attaches to lathe. Another is the magnetic LED light with a built-in magnifying glass, perfect for laboratory and factory applications. There are four other lights for various applications the company produces, from large lights for ceiling installation to magnetic lights with extendable, bendable arms to attach to manufacturing equipment.

These highly engineered products have one thousand pieces within, Jiang said, yet are available at a dramatically lower price than competitors. Another product the Yuyao-based company offers is a three-color tower light for industrial equipment applications, indicating with different colors each stage of operation.

LED lighting typically has a life expectancy between five and thirty times longer than compact fluorescent and incandescent light bulbs, respectively. If run for eight hours each day, manufacturers state the average LED light will run for 15-17 years.

“We have powerful technology,” Jiang said. “We also developed the power supplies for these products, something we have perfected over 15 years since we opened this factory, so we're not new to these products.”

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Konger, based in Ningbo, China, manufacturers highly engineered machines

NINGBO, China – April 18, 2017 – Toolots, Inc. leadership and its business development and public affairs team visited with the operators of a manufacturing facility in China that produces highly innovative plastic injection molding machines - all made using the finest Austrian-built components. The meeting with Konger, based in the city of Ningbo, was part of an ongoing trade mission to eastern China to connect with new potential suppliers of industrial products to the American manufacturing market.

Toolots China Chief Operating Officer Mason Wang, Toolots US COO Raymond Cheng and Jerry Qi, Konger General Manager, discuss the company's latest machinery

Konger produces a wide range of lines of plastic injection molding machines. Their signature machine, part of the Konger Chameleon series, has the ability to mix two to three different colors in endless combinations and its injection technology reduces deferment within the mold itself, lending to much longer mold lifespan.

The high-tech factory has the capability to produce about 50 to 60 new machines per month, said Konger North America Sales Director Lawrence Song, adding that demand for these products is high; their customers come from all over the world, from the United States to Malaysia. Konger General Manager Jerry Qi said that he would put his machines up against any competitors, confident in their state-of-the-art technology and the highly engineered components within the injection system.

Konger GM Jerry Qi explains what sets his plastic injection molding machines apart from the competition

“Our specialty is producing machines using the latest technology designed in Austria,” Song said during the meeting, before taking Toolots through their production facility in the outskirts of Ningbo. The Chameleon Series, Song said, “mixes two or three colors so that each plastic product comes out in uniform size and shape,” but when complete each item comes out with a unique look unlike the others.

Toolots Plastic Injection Molding Engineer Gary Krause explains the function of a Konger machine

Toolots US Chief Operating Officer Raymond Cheng, Toolots China Chief Operating Officer Mason Wang, Director of Global Commerce Services Grant Montgomery, Plastic Injection Molding Machine Engineer Gary Krause, Product Manager Tony Chen and Director of Public Affairs Chris Foy attended the meeting, as well as other representatives from the Ningbo-based manufacturer. Konger is considering joining the Toolots online marketplace to specifically reach the American manufacturing consumer, providing quality machines at competitive prices using the latest European-engineered technology.

Toolots toured the company's manufacturing facility, inspecting each stage of the manufacturing process for a wide range of machines. Konger machines are capable of producing plastic products of all types and sizes, from handles for disposable razors that blend two-to-three colors to cups of various thickness and much more. As part of the company’s comprehensive testing process, machines are run dry through a transformer prior to packing to ensure operation is at peak levels.

Toolots continues to meet with industrial manufacturers during its trade mission to China, and will have additional announcements in the coming days about additions to the California-based online marketplace’s expanding product line.

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The Toolots Inc. cross-border business development and public affairs team recently visited Haida Manufacturing's plastic injection molding machine factory  in Ningbo, China. Toolots is helping the state-of-the-art company develop a brand specifically for U.S. manufacturers customized to American specifications, introducing them to consumers later this year.

Haida showcased a robotic arm Tuesday that more than doubles the speed of the plastic injection molding process, reduces downtime and removes the need to pull each completed product from the mold by hand. The Toolots engineering team, based in California, traveled to China to train on the robotic arm and Haida's latest plastic injection molding machines to better serve the United States manufacturing industry.

Toolots provides industrial equipment, technology and tools to support global manufacturing. The company has a growing presence in the U.S. and Asia, and manufacturers on both sides of the Pacific use the Toolots online marketplace to sell their innovative, reliable and competitively priced equipment to industrial customers from around the world.

Haida Foreign Trade Executive Sean Xiao and Toolots Director of Commerce Services Grant Montgomery examine some of Haida's largest plastic injection molding machines

Stay tuned for more updates from our ongoing trade mission to China to establish connections with new suppliers of innovative, quality industrial equipment to support U.S. manufacturing.

Robert Zhang brings over 20 years of keen fiscal management to Toolots, Inc.

CERRITOS, Calif. - March 23, 2017 - A veteran financial services director has joined Toolots, Inc. as its new chief financial officer, the California-based company announced this week. Robert Zhang, who has more than 20 years of experience within the financial services industry in the United States and Asia, was selected to fill the position after careful consideration of his unique vision for Toolots including rapid yet sustainable growth, additional training and focus on fiscal operations to support the business model.

Mr. Zhang has a long history of bringing his expertise to wide-ranging enterprises and helping lead them toward greater financial success. He co-founded Pandtong Capital Limited, a qualitative portfolio-trading firm based in Hong Kong, and for nearly 20 years prior served as the managing director for Morgan Stanley and J.P. Morgan Chase as its head of Asia equity technology. At Morgan Stanley, Mr. Zhang was responsible for the development of technology for various trading markets and personally hired and trained over 300 developers over the course of 3 years to support sustained growth at the company.

As an integral member of the Toolots executive management team, Mr. Zhang will help to formulate the company’s future direction and put it into play through specific, tactical initiatives. Through implementation of best practices developed over his vast experience managing financial operations in multiple countries, he will help streamline the company’s internal functions to increase profitability and efficiency.

Mr. Zhang is a graduate of Shenzen University in China, where he earned his business degree,  and received a Bachelor’s in computer science from the University of North Carolina at Charlotte. Stay tuned for additional updates in the coming days as the Toolots executive team continues to grow.

About Toolots

Toolots, headquartered in Cerritos, California, offers an online marketplace and international distribution channel for factory-direct industrial tools, machinery, and technology. The user-friendly platform provides fast, easy access to high-quality, affordable equipment to manufacturers. Toolots’ comprehensive services streamline the purchase, delivery, installation and warranty of industrial technology, machinery and components, and uphold the quality of important goods through a vetted network of vendors and service technicians. The company’s dedication to fostering international trade relations passes on cost savings to the consumer, contributes to reduced downtime, improves productivity and expands a manufacturer’s reach. Toolots has strategically located warehouses, showrooms, and offices across the United States, as well as in mainland China, Taiwan, and Hong Kong. For more information about Toolots, visit their website at www.toolots.com.

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Los Angeles-based tech developer CybEye, Inc. helps to revamp and build out second iteration of YuuTool app

CERRITOS, Calif. - April 14, 2017-  Toolots announced it will be releasing the latest version of their smartphone companion app, YuuTool 2.0, May 2017 on iOS and Android platforms. New features of the app will include an optimized Finder component for locating nearby equipment services and repair, a simplified user-friendly platform, live video calls between customers and technicians for more accurate repairs, quotes, and a web based version to be released by Summer 2017.

YuuTool 2.0’s new sleek design and enhanced capabilities are made possible through a mutual partnership with CybEye, Inc., a Torrance-based computer software company founded in 2011 by Chief Executive Officer Bing Liu. CybEye produces inventive mobile video-messaging apps used in a variety of industries including, but not limited to, entertainment, business, and education. A physical representation of the Company’s ingenuity can be found in their three granted patents, with additional 11 currently pending approval.

"CybEye is extremely excited to collaborate with Toolots on building YuuTool 2.0 as a versatile mobile app platform that connects global Toolots customers with qualified service technicians based on their current location, set up jobs for on-site maintenance, perform remote repair through one-to-one video call and record repair sessions as training material,” Liu said. “YuuTool 2.0's primary objective is to streamline after-sale servicing process and establish a productive mobile community for Toolots customers and technicians alike.”

Jason Fu, chief executive officer of Toolots, added he is “thrilled to be partnering with CybEye to refine our YuuTool 2.0 app and enhance the overall user experience.” As a whole, Fu explained that Toolots’ goal as a company has always been on streamlining industrial e-commerce between the U.S. and China to build lasting relationships and promote mutual economic growth. Fu stated, “By connecting the manufacturing community through our new user friendly app we believe this will be possible, and will result in a strong manufacturing community supporting one another.”

The full list of YuuTool 2.0’s improved features, as well as the app’s release date for the App Store and Google Play respectively  will be released soon. To stay up to date, follow Toolots on Facebook, Twitter, and LinkedIn or check out our Blog.

For information about YuuTool, contact Grant Montgomery via email at gmontgomery@toolots.com or (562) 653-4165 by phone.

About Toolots

Toolots, headquartered in Cerritos, California, offers an online marketplace and international distribution channel for factory-direct industrial tools, machinery, and technology. The user-friendly platform provides fast, easy access to high-quality, affordable equipment to manufacturers. Toolots’ comprehensive services streamline the purchase, delivery, installation and warranty of industrial technology, machinery and components, and uphold the quality of important goods through a vetted network of vendors and service technicians. The company’s dedication to fostering international trade relations passes on cost savings to the consumer, contributes to reduced downtime, improves productivity and expands a manufacturer’s reach. Toolots has strategically located warehouses, showrooms, and offices across the United States, as well as in mainland China, Taiwan and Hong Kong. For more information about Toolots, visit their website at www.toolots.com.

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Ride the wave of optimism and fuel your company’s growth with Toolots, getting products in the hands of new global customers

CERRITOS, Calif - April 4, 2017 - With the Trump administration slashing federal regulations on small business growth and an “America First” focus on trade, manufacturing and homegrown industry, the National Association of Manufacturing is reporting the largest boom in United States manufacturing industry confidence in decades.

Ninety-three percent of U.S. manufacturers surveyed by NAM, the oldest and largest manufacturing association in the country, reported a positive outlook for the future. Chief Executive Officer Jay Timmons said the survey of industry executives polled higher than it has throughout the organization’s history. Respondents were also asked whether they believe the administration is on the “right or wrong track” as it relates to manufacturing.

“Just a month before inauguration (Jan. 20), the ‘right track’ number was only 26 percent; today it’s over 60 percent, so that’s huge growth,” Timmons said. The survey of manufacturing executives takes place each quarter and spans 14,000 members, according to NAM.

White House officials cited the survey during the March 31 press briefing, expressing confidence that the administration’s actions on trade - namely leaving the Trans-Pacific Partnership and recent executive orders - are helping to nurture that optimism.

“That’s a 20-year record high that’s more than 35 points higher than where it was the same time last year,” the White House press secretary said, referencing the same poll taken last year that gauged optimism within the industry at only 57 percent. “The rising confidence stems from the belief the new administration will bring much needed regulatory relief...We’re making it easier to do business, and we’re just at the beginning of this process.”

While it is taking time for the optimism to translate into quantifiable results on the ground, small, medium and large manufacturers have invested hundreds of millions of dollars, billions in total, towards bolstering American factories and a stronger domestic workforce. Riding the wave of optimism are countless companies purchasing new machinery to set ablaze their U.S. production capabilities and hiring employees to sustain increased operations.

How Toolots can help

As optimism rises across the country based on the NAM survey, more than a dozen American manufacturers have signed up to sell their Made in USA products on the Toolots online marketplace within the last three months. Toolots is a Southern California-based distributor of industrial machinery, equipment and technology that helps companies break into new markets, domestic and international. With strategic locations in California, Texas and China, Toolots does the heavy lifting to simplify logistics and fulfillment for consumers and vendors, resulting in a hands-off, worry-free approach to selling industrial equipment.

Many small to medium-sized U.S. manufacturers are in need of such a solution to get their innovative products in the hands of new customers. Toolots provides a low risk method to increase distribution of manufacturing equipment, and a comprehensive solution for sales, marketing, fulfillment and after-sales services.

With growing optimism among manufacturing executives and increasing opportunities within the labor force, small to medium-sized companies have an opportunity to provide equipment in high demand both here in the U.S. and abroad. In countries like China, factories are willing to pay a premium for Made in USA products to increase productivity and reduce operational downtime often associated with lesser-quality manufacturing equipment.

Breaking into the Chinese marketplace is not an easy task, especially for the small companies that comprise a majority of the U.S. manufacturing industry. Our logistics pipeline has served Toolots and related enterprises well for years, and our ongoing partnerships with factories across China and the United States help to build a bridge to connect their manufacturing industries. Through Toolots, partnering manufacturers are able to secure sales directly with factories in need of their products - not needing to spend time marketing, selling and distributing their goods in newer unfamiliar markets on their own, risking loss of profit, productivity or even product.

As an industry, American manufacturing employs over 12 million and contributes more than $2 trillion annually to the U.S. economy. The manufacturing industry has the “largest economic impact of any major sector” and accounts for more than 75 percent of all private-sector research and development, according to NAM. Greater than three-quarters of all U.S. manufacturing firms are classified as small businesses with fewer than 20 employees.

For more information on how working with Toolots could fuel your company’s growth during this period of record-high optimism within the U.S. manufacturing industry, contact our Global Commerce Services team today at (844) 866-5687 or send inquiries to cfoy@toolots.com.

Toolots is pleased to announce the addition of a new vendor, Garvin Tools., to our E-Commerce marketplace and Global Commerce Services initiative. Garvin Tools manufactures industrial precision tools and equipment. Garvin Tools’ products will be available on Toolots.com April 2017 for sale to customers located domestically in the U.S. and internationally in China.

Garvin Tools’ products include precision measuring tools, hand tools, jewelry tools, lubrication tools and equipment, lathe tools, rotary tables, boring heads and accessories. All products undergo a controlled heat treatment and rigorous inspection by experienced engineers to ensure quality, accuracy, and performance are up to Garvin Tools’ performance standards. Toolots is pleased to offer our domestic and international customers industrial tools and equipment through the inclusion of Garvin Tools. For purchasing information, visit Garvin Tools’ marketplace on Toolots.com.