manufacturing company

 

The 2018 Times Higher Education World University Rankings have been announced and it’s started a conversation about the rise in quality of education in China. Four years ago, only 2 universities made the cut for the top 200 universities, Peking University and Tsinghua University, both in Beijing. This year, 7 schools from the country made the top 200 list, making China the joint sixth most represented nation with Peking and Tsinghua University breaking into the top 30.

How Universities Are Ranked

The Times Higher Education World University Rankings uses thirteen performance indicators to provide a comprehensive and genuine analysis free from bias that students, professors, and beyond can rely on to be accurate. These indictors coincide with the organizations core mission of teaching, research, knowledge transfer, and international outlook. They then standardize the scores, as the data is fundamentally different, to get the final score.

China’s Universities Propel Forward

This surge in ranking for Chinese Universities is most likely due to the Chinese Communist Party investing billions into their science and technology research universities. Last year, party officials stated they wanted to see 6 universities rank Top 15 by 2030. The large investments may have attracted an increasing number of students from abroad in China in addition to the growing number of degree programs.

"Our rankings show that the Asian giant's higher education improvement is real and growing. With two top-30 representatives for the first time in the thirteen-year history of the rankings, China's leading universities are truly now part of the global elite and overtaking prestigious universities in the US, UK, and Europe," said Phil Baty, editorial director of the rankings from Times Higher Education.

However, this investment goes beyond the education sector and serves as a geopolitical indicator of whether the investments are making a difference. One significant problem currently faces is a shrinking workforce population after the participation rate began to decline in 2010. This large investment into education has the power to not only keep scholars in the country, put propel China's workforce to the top.

Additionally, the influx of billions of dollars and resources has improved ratings and increased the chances of Chinese students staying in the country for their education. Wang Feng, a professor of sociology at the University of California, Irvine, says the stunt in growth may translate to a long-term win. The increased emphasis on education could shift the labor market with adults entering the workforce later, but with more knowledge that translates to higher productivity.

"Chinese universities are doing outstanding work in science, technology, mathematics, [and] life sciences," Baty said adding, "I think arts and humanity subjects are very important to create [a] balance and to provide the creativity needed to push research to the next level."

The Ministry of Human Resources and Social Security presented data that shows that skilled workers account for only about 19% of China's entire workforce, with the highly skilled worker population making up 5%. As the industrial structure shifts to a more skilled labor force, this rise in education is good news for those interested in expanding into the Chinese market.

Vice-Premier Ma Kai spoke on the matter in December of 2016 during a symposium on highly skilled talents by stating that skilled workers are the energy that vitalizes technological improvement, economic growth, and social progress. As skilled workers begin flooding the workforce, companies in China benefit from gaining knowledgeable employees while energizing the economy.

Chinese Universities and Toolots

Toolots Inc., a Southern California based online marketplace and distribution channel for the latest high quality industrial equipment, machinery, and technology, has a close relationship with major Chinese manufacturers and a passion for bringing the global manufacturing community together. In fact, fifteen founding shareholders of Toolots are graduates of China’s two highest ranked universities, Peking University and Tsinghua University. Since its formation in May of 2016, Toolots' primary goal has been to streamline industrial commerce between the US and China to promote economic growth and build lasting relationships between manufacturers, universities, and the Toolots platform.

The company's commitment to achieving this goal can be seen in their annual trade summit focusing on facilitating educational and networking opportunities specifically between the US and China. This year, Toolots' Second Annual Manufacturing Exchange Summit will take place from November 12-14, 2017 in Yuyao, China with the aim to bolster relationships between the American industrial and technology communities and the Chinese manufacturing market. Featuring industry experts, investors, trade associates, and government officials, this is an opportunity to enrich U.S. manufacturers with invaluable industry knowledge and introduce them to contacts that could help get their products to market. If you're interested in learning more, contact Toolots' Public Affairs Department at summit@toolots.com or at (844)-866-5687.

Toolots is pleased to announce the addition of a new vendor, Conquest Industries, to our E-Commerce marketplace and Global Commerce Services initiative! Conquest’s headquarters and manufacturing plant are located in a 43,000 square foot building in Santa Fe Springs, California. Conquest’s products are currently available on Toolots.com for sale to customers located domestically in the U.S. and internationally in China.

Conquest Industries' CutterMaster, versatile and easy to use.

For the last thirty eight years, Conquest has proudly manufactured quality equipment, tools, and supplies for the woodworking and metalworking industries. Products currently sold by the company include a variety of specialty metals, drill grinders, tool and end mill sharpeners, spindle line boring machines, Magnum vises, and more. In addition to their woodworking and metalworking product lines, Conquest also has an inventory of over 7,000 parts for repairs and provides excellent technical assistance to support each customer’s individual needs.

Toolots is happy to offer our domestic and international customers woodworking and metalworking machines, equipment, and tools through the inclusion of Conquest Industries. For purchasing information, visit Conquest Industries’ marketplace on Toolots.com.

Toolots works our vendors partners, like @ConquestInd to ensure our entire team has product knowledge on all items we sell. #woodworking pic.twitter.com/OQk66z1giz

— Toolots (@ToolotsUS) August 11, 2017

About Toolots

Toolots, headquartered in Cerritos, California, offers an online marketplace and international distribution channel for factory-direct industrial tools, machinery, and manufacturing technology. Our user-friendly platform provides fast, easy access to high-quality, affordable equipment for manufacturers. More than a simple distribution channel, Toolots provides comprehensive services for companies around the world who produce the  industrial machinery and equipment we sell, helping streamline the marketing, omni-channel sales, warehousing, fulfillment and after-sales service. On the customer end, Toolots simplifies the purchase, delivery, installation and warranty of industrial technology, machinery and components, and upholds product quality 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, China and as of May 2017, has expanded into Taiwan. For more information visit us online at www.toolots.com.

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Toolots is happy to announce the addition of a new vendor, Helmel Engineering Products, Inc., to our E-Commerce marketplace and Global Commerce Services initiative. Based in Niagara Falls, New York with an office in Anaheim, Calif., Helmel Engineering designs, manufactures, sells, and services coordinate measuring machines (CMMs) and software for use in the automotive, aerospace, and general manufacturing industries. Helmel’s products are currently available on Toolots.com for sale to customers located domestically in the U.S. and internationally in China.

Originally founded in 1973 as Helmel Engineering Co in Rochester, New York, the company assisted in the design of General Motors automatic assembly lines, and completed machine customization for large printing companies such as Xerox and Kodak (Helmel). Now Helmel’s CMMs are built using a proprietary mechanical bearing system which is extremely useful for design and production applications requiring a high level of reliability. Furthermore, Helmel specializes in surface grinding straightness which increases consistency and allows the company to build CMMs with higher levels of accuracy. To optimize the precision and proper use of their machines, Helmel uses lasers to calibrate machines before shipment, and sends in-house technicians and engineers to perform machine installation and product training.

Toolots is excited to offer our domestic and international customers quality CMMs and software through the inclusion of Helmel Engineering. For purchasing information, visit Helmel Engineering Product, Inc.’s marketplace on Toolots.com.

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Atosa Catering Equipment President Michael Shao said his company's product quality and emphasis on service sets them apart from competitors.

BREA, Calif. – July 3, 2017 – Atosa Catering Equipment, Inc., a leading provider of commercial refrigeration, gas equipment, food warmers and smallwares, didn’t start out as a global business. But by focusing on providing excellent customer service, reliable equipment at aggressively competitive prices, and by funding research and development to enable product innovation, Atosa Catering has established a wide ranging customer base that has allowed them to extend sales to more than 100 countries so far.

Founded in 2003 and based in Hangzhou, China, the family-owned company now led by President Michael Shao started small. Ten years after it was founded, Atosa expanded its sales into the United States marketplace. Today, Atosa Catering Equipment now has 12 facilities stretched across the United States, all staffed with in-house technicians to provide after-sales service – an aspect of the business model Atosa leadership takes seriously.

Atosa first expanded its reach into the U.S. market four years ago, and now utilizes a network of authorized distributors to get its efficient and long-lasting refrigeration equipment in the hands of American commercial consumers, including on Toolots.com through a distribution agreement with Toolots’ sister company, Bolton Tools. Shao said customers have relayed that the quality of Atosa products greatly exceeds their expectations and that their extensive service network, with technicians available in 12 states and on-demand across the country, help ensure long-term sales into the future.

“Nobody in this industry has this kind of service,” he said. “Customers tell us they’re extremely happy with my company’s products and service. The American saying goes ‘you get what you pay for,’ but with Atosa Catering Equipment, you get more than you pay for.”

As a testament to the company’s emphasis on excellent service, the entire Atosa USA sales team has visited the company’s factory in Hangzhou, as part of an educational trip to help them become more familiar with not only the products, but the people and the technology behind them.

One of many Atosa products perfect for commercial and industrial applications is the bottom mount three-door refrigerator - promising not only energy cost savings but also reliability, competitive affordability and longevity.

“They were impressed by our China facility and were amazed at how much automation is available. The experience makes them more confident selling on the U.S. market,” Shao said.

Since Atosa products hit the Toolots Merchant Center in May through the Bolton Tools agreement, sales of the global company’s products have increased, as have inquiries from new customers looking for durable yet cost-effective commercial refrigeration units.

Speaking of Toolots Founder and Chief Executive Officer Jason Fu, whom Shao has developed an effective business relationship with since, he said, “Jason is a visionary businessman. What he is doing with Toolots is inspiring.”

“With the help of Toolots, we’ll be penetrating markets we didn’t expect to be in,” Shao added.

When asked what sets apart Atosa products from its competition, the company president said heavy, longstanding investments in research and development, striving for increased energy efficiency and durability, are a top priority. The company does not cut corners, but strives to serve as a responsible ambassador of what the best of Chinese manufacturing can truly accomplish.

“You have to invest heavily in R&D. Your quality cannot be dropped,” Shao said. “You need to keep investing to do everything you can to defend your brand, your reputation. Conquer the problems in order to make your product better and better.”

One of the challenges faced by many foreign companies considering entering the U.S. market, Atosa included, are the shifting legal standards, import restrictions, labor laws and many others. With Toolots’ help, Atosa has access to logistical, capital and other types of support that makes the manufacturer’s job easier.

“Toolots allows them to focus on product development, education and guiding them to comply with U.S. laws and standards,” Shao said.

Shao added he believes himself to be an ambassador for the Chinese manufacturing industry, taking pride in the heavy investments into research and development to make his company’s products more efficient year after year and of increasingly high quality. Additionally, an emphasis on growing the company’s service team, both from a customer service and technical perspective, has helped grow Atosa’s reputation, Shao said.

Looking ahead, the Atosa Catering Equipment president added, “I am excited about the future of Atosa. I have great faith in Toolots. It has great leadership and a professional team. It’s an excellent platform for Chinese manufacturers to enter the U.S. marketplace."

Atosa Catering Equipment Inc., products are currently available on Toolots.com and are distributed through Bolton Tools. For additional information, visit Toolots.com or contact our Customer Service Representatives at (844) 866-5687.

CERRITOS, Calif. – May 31, 2017 – YuuTool, a smartphone application developed by Toolots to revolutionize the way industrial machinery users service their equipment, has officially launched and is now available for free download in both the App Store and Google Play Store. The new platform allows users within the manufacturing community to connect with quick access to repair services, and discuss innovations within the industry, individual projects, machinery tips or best practices to complete the job at hand. By connecting users of industrial machinery with qualified service technicians in a similar manner to the way Uber connects those in need of a driver with a quick, affordable ride, YuuTool brings people together.

YuuTool uses geolocation data to identify locally available technicians for industrial machinery repair as well as open jobs for those same professionals.

The primary focus of YuuTool is to provide quality repair service for machinery owners and open new work opportunities for technicians, all based on a user’s relative GPS location through the Finder Feature. Machinery owners can post maintenance or repair work requests, which are visible to technicians who may then view and bid on each request. Technicians searching for local jobs to complete can view posts and submit quotes,

YuuTool users can also find technicians or jobs using the app's list function in addition to searching based on the user's current location. Open jobs or work requests are publicly available to decrease operational downtime and generate new revenue for machinery technicians in the United States.

decreasing operational downtime for machinery users. Through an interactive chat function, machinery users are able to record video and submit photos of a machinery or equipment problem to solicit more accurate estimates, as well as possible solutions that may be able to solve the problem remotely. Technicians can even save videos to sell as solutions for common machinery problems for users to implement on their own, or feature them on their profile to demonstrate their expertise.

In addition to simplifying repair services for machinery owners and technicians, YuuTool offers a variety of functions for daily use that connect the manufacturing industry. The Industry News Feature is updated regularly to showcase recent industry innovations, new product lines, press releases, and relevant industry events like upcoming trade shows and networking opportunities. Users looking for troubleshooting tips, general manufacturing discussions, or to share industry knowledge can use the interactive Forum Feature and join the discussion. The app’s Marketplace Feature operates similar to classified ads, allowing any app users wanting to buy or sell used machinery, components, or accessories to trade within their local community.

Users can also connect with other individuals or businesses through YuuTool, and may save contacts using the Friends Feature. Via the Messenger Feature, users have the ability to communicate with their new network and expand their contacts within the manufacturing community. YuuTool connects people for much more than simply industrial machinery repairs, but also for general discussion to guide the next job, a marketplace to sell used machines and components and networking to better support the United States’ growing manufacturing community. YuuTool is available for free downloaded today in the App Store and Google Play Store. Users can login using existing LinkedIn, Twitter, Facebook, and Google + accounts, or create a non-linked account for sign-in purposes.

YuuTool includes a Marketplace for users to purchase or sell used machinery, equipment and components. Think of it like a classified ads section that is always current.

As a bonus to demonstrate our commitment to quality service, Toolots is offering an extra one-year parts warranty for free to users who register for YuuTool and purchase products through Toolots. That is in addition to the standard one-year parts warranty already offered by Toolots. Join the growing YuuTool community today, at no cost, via the App Store and Google Play Store.

For more information about YuuTool or to give us feedback, please email us at info@yuutool.com or call (562) 653-4165. To stay up to date with the latest news and updates regarding the app and its features, be sure to follow YuuTool on social media: Facebook, Twitter, LinkedIn, and Instagram.

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 provides comprehensive services for companies around the world who produce industrial machinery and equipment, helping streamline the marketing, omni-channel sales, warehousing, fulfillment and after-sales service. On the customer end, Toolots simplifies the purchase, delivery, installation and warranty of industrial technology, machinery and components, and upholds product quality 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, China and as of May 2017, has expanded into Taiwan. For more information visit us online at www.toolots.com.

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Toolots is excited to announce the addition of a new vendor, Saw Trax Manufacturing, to our growing E-Commerce marketplace. Based in Kennesaw, Georgia, Saw Trax manufactures a complete line of panel saws capable of cutting glass, mat, aluminum and other commonly used materials. According to the company’s website, Saw Trax’s most popular product is their innovative series of vertical panel saws, but they also offer other specialized hand cutting and table top cutting tools, as well as saw kits, dolly carts and coro claws.

Saw Trax, based in Kennesaw, Georgia, manufactures an innovative line of panel saws.

Saw Trax was founded in 1988 by Michael Della Polla, who was unsatisfied with the existing design of cutting guides used in conjunction with circular saws. A few short years later, and Saw Trax was manufacturing panel saw kits based on an original design that has been continually improved upon since 1996, according to the company’s website. Each and every piece of Saw Trax equipment is manufactured at the company’s headquarters in Georgia.

The Saw Trax 1000 Series of panel saws includes many standard features plus an accessory package that offers operators ease of use and convenience.

Saw Trax proudly states their vertical panel saws are “truly the best in their class,”pointing to proprietary, innovative features including a steel bearing system, patented alignments using the Accu-Square Alignment System, and a range of inserts allowing users to cut nearly any kind of sheet goods, all with one saw.

Saw Trax products will be available for purchase by U.S. consumers on Toolots.com in the coming weeks. Toolots is pleased to offer our domestic customers new, quality saws and other cutting tools for the sheet metal industry with the addition of Saw Trax to our roster of vendors, and continue growing our list of “Made in USA” suppliers. For purchasing information, please check back at a later date to visit the Saw Trax marketplace on Toolots.

CERRITOS, Calif. - May 9, 2017-  Toolots released a sneak peek of its new YuuTool 2.0 smartphone application, to be released in Summer 2017 for free on iOS, Android, and desktop platforms. The latest version of the YuuTool app, like its original iteration, focuses on connecting the manufacturing community through an engaging and convenient, user-friendly platform. However updates within the app will expand user interaction and improve existing functions.

The official YuuTool 2.0 image released by Toolots this Thursday highlighted two major features within the app. The first feature displayed is the new social media integration and sign-in options for Facebook, Twitter, and Google +. This will allow app users to connect with friends from multiple social platforms, and make new connections within the industry to discuss industrial machinery, repairs, troubleshooting and more. The second feature and main component of YuuTool 2.0 is the optimized Finder feature connecting machinery owners and technicians. Updates within the Finder feature will localize maintenance and repair services for machinery owners and create jobs for technicians while increasing industrial repair efficiency and speed, all based on the user’s location using GPS data.

Stay tuned for more information regarding YuuTool 2.0’s development in collaboration with CybEye Inc, and for the official  iOS, Android, and desktop release dates. To stay up to date, follow Toolots on Facebook, Twitter, and LinkedIn or check out our Blog.

For questions regarding YuuTool 2.0, contact info@yuutool.com via email or call (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 provides comprehensive services for companies around the world who produce industrial machinery and equipment, helping streamline the marketing, omni-channel sales, warehousing, fulfillment and after-sales service. On the customer end, Toolots simplifies the purchase, delivery, installation and warranty of industrial technology, machinery and components, and upholds product quality 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, China and as of May 2017, has expanded into Taiwan. For more information visit us online at www.toolots.com.

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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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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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ZeMing M. Gao and Peter Wei join Toolots executive team to assist the company's growth and future endeavors

CERRITOS, Calif. - March 13, 2017 - With the end of Q1 2017 rapidly approaching, Toolots announced Wednesday that two new executive officers have been hired to assist with business development endeavors. ZeMing M. Gao, Chief Strategy Officer (CSO), and Peter Wei, Board of Directors Executive Adviser, collectively have over 50 years of professional experience in a variety of industries, and will begin work immediately at Toolots’ headquarters located in Southern California.

ZeMing M. Gao graduated from University of Wisconsin Law School, received a Masters of Science in Biophysical Chemistry from University of Washington, and a Masters of Science in Quantum Chemistry from University of Jilin. With over 30 years of experience in business development, Mr. Gao has successfully fostered business growth by providing U.S. companies with specific industry knowledge on investments, education, and technology to ensure each business’ individual needs are met. In addition, Mr. Gao possesses vast experience in intellectual property (IP) protection, legal counseling, development, and commercialization, managing and protecting valuable assets.

Peter Wei graduated from Beijing University with a Bachelor’s in Computer Science and received his MBA in Business and Management from Pepperdine University before obtaining a Ph.D in Computer Science from the University of Michigan. Mr. Wei, also a software architect and rules expert, possesses more than two decades of senior management experience in the technology and software industries. In previous positions, Mr. Wei has successfully implemented software solutions and dynamic rule-based decisioning systems to simultaneously improve efficiency, productivity, and growth for businesses in an array of industries.

“We’re excited to have such distinguished gentlemen with vast industry experience joining Toolots,” Raymond Cheng, Toolots Chief Operating Officer said. “We’ve experienced a lot of growth during Q1, and expect it to continue throughout the year."

This news follows Toolots’ recent announcement of plans to hire an estimated 20 additional employees, the successful launch of its ongoing Global Commerce Services initiative, and the upcoming US-China Medical Device Summit in June 2017.

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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