Toolots' marketplace

CERRITOS, California - June 22, 2017 -  Toolots, Inc., a Southern California-based online marketplace for advanced manufacturing technology, is delighted to announce the addition of Tekscope lab equipment to their growing online marketplace. Offering a range of microscopes, imagers, and pedagogic kits, these products bring new technology and solutions for both manufacturing and non-manufacturing industries.

The Tekscope M2-1B-E200 monocular compound microscope has interchangeable WF10X and WF25X eyepieces, a 45-degree incline and a 360-degree rotation head for comfortable viewing. This microscope and many others are in stock and ready to ship from our California headquarters.

By partnering with Tekscope to provide reliable laboratory equipment at competitive prices, Toolots further expands into new categories of manufacturing products to supply domestic and international companies with cutting-edge technology.

A wide range of types of microscopes are in stock now and ready to ship on Toolots.com, with both compound and stereo magnification capabilities and built-in cameras. With a magnification of up to 100x, stereo microscopes are typically used to view specimens visible to the naked eye and many industries use these scientific tools to ensure the quality of their products. The textile industry utilizes microscopes to source the best materials for their products, for example, while the electronics and watchmaking industry use the tools for small parts assembly. Many others in the industry use these items for final inspection before shipment and delivery. From beginning to end, this equipment is used to guarantee a standard of excellence for each industry.

Offering powerful options, Tekscope supplies compound microscopes with magnification ranging from 4x to 100x, and Toolots is proud to offer these competitively priced systems. Capable of seeing cell structures, this type of equipment is most often utilized in the medical and education industries providing academic institutions with standard research and learning tools.

For added power, Toolots also has in stock a trinocular series with magnification capabilities from 40x to 1600x, complete a Kohler illumination system with a 3W LED. Complete with a 3MP digital camera with 40x magnification and a 0.37x reduction lens to provide a field of view similar to the microscope eyepiece, this product is capable of streaming live videos to a computer or projector. Used to research microorganisms, bacteria, viruses, and more, these products help to deliver new medical treatments and technologies that benefit millions of people.

Toolots is deeply committed to providing the medical industry with the products needed to propel research and increase biomedical innovation, all at affordable prices and with equipment in stock at its Cerritos, Calif. headquarters. This dedication is visible through a recurring initiative to bring together manufacturers from the U.S. and China, most recently via the 2nd Annual US-China Manufacturing Exchange Summit. Co-hosting the September 2017 event, taking place in Yuyao, China, is the China Chamber of Commerce for Import & Export of Medicines & Health Products (CCCMHPIE), the leading and most influential national trade association in China responsible for governing the import and export of all medicine and health-related products.

Focusing on improving international trade relations and streamlining industry innovation and cross-border growth, the summit will continue dialogues between U.S. and Chinese manufacturers interested in expanding their distribution or operations overseas. These dialogues are an incredible opportunity to learn about how to sell U.S. products into the Chinese medical device market, or simply learn what it takes to sell your products effectively on the Asian market. With personalized matchmaking of U.S. and Chinese manufacturers, as well as roundtable discussions with international trade experts, manufacturers, associations, and industry-related government officials, attendees will have the chance to develop strong relationships, learn about successful  and enter or expand their international commerce and economic growth.

The event will be held Sept. 24-26, 2017, at the prestigious Grand Pacific Hotel in Yuyao, China. If you have any questions or would like to discuss logistics for you, your company or industry colleagues interested in learning more, please contact Toolots Director of Public Affairs Chris Foy at cfoy@toolots.com or call (844) 844-5867. For the latest updates about the event, visit us online at http://www.toolots.com/summit2017.

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.

Founder of Growing Platform, Toolots.com, Aims to Revolutionize Industrial Equipment Market

Toolots Founder Jason Fu addresses his employees in the 2017 State of the Company Address.

CERRITOS, Calif. - May 22, 2017 - Toolots Founder Jason Fu is building much more than his business, a full-service online marketplace based in Southern California that fuels the global manufacturing industry. The early veteran of industrial eCommerce and chief executive officer said he is building an “ecosystem” with Toolots – a platform to revolutionize the eCommerce marketplace for industrial machinery, equipment, and technology.

In remarks to all Toolots employees as part of his State of Company Address Friday, Fu outlined this message, envisioning the future of the company he formally launched in May 2016. The chief executive for Cerritos-based Toolots described his own personal journey as a business owner – the lessons learned, the ground gained, and effective strategies to push the enterprise far beyond a simple distributor of the tools of the manufacturing trade.

Fu, also Chief Executive Officer for Toolots, outlines the fiscal growth of the company he launched in May 2016.

With plans to streamline the current business model and develop nationwide brand recognition as the company’s international footprint expands, Fu pointed to recent growth in Asia, citing the establishment of Toolots Taiwan last month. The company has two additional facilities in China, located in Hangzhou and Ningbo, as well as a distribution center in Houston, Texas. But the growth isn’t limited to the physical realm. As part of the flourishing Toolots supplier network, Fu reported that more than 120 businesses from the United States and China have partnered with the California company to sell their industrial products – both domestically and internationally – on Toolots.com.

“We are adding a lot of new products on a daily basis,” Fu said. “We are moving along very fast.”

Providing genuine customer service is one of the most important components in any successful business, Fu said. As an immigrant from China who followed his dream of building businesses in the United States and becoming a U.S. citizen, the Toolots chief executive learned English, striving to be able to more effectively communicate.

In his first State of the Company Address, the Toolots founder spoke directly to all his employees and outlined the company's expansion plans.

When Fu arrived to the U.S. in 1996, he was motivated by his dream to open an online marketplace for industrial equipment. More broadly, he yearned to bridge the gap between U.S. and Chinese equipment manufacturers, fostering improved relations between both countries, he said. The language barrier leads to lots of dollars lost for companies, he said, and it demonstrates the need for clear communication – not only with customers and potential customers, but also employees and colleagues within the industry from around the world.

“For us new immigrants, we hit the same roadblocks, but we all succeed when we try,” Fu said.

The industrial space has additional roadblocks, the chief executive pointed out. Some customers are uncomfortable purchasing heavy machinery online, without the ability to see it in person, and are more accustomed to the traditional distributor model complete with segmented territories. Toolots changes that; the Cerritos showroom includes some of the most popular online items, and new machinery or stock is proudly displayed for walk-in customers, in addition to high-quality photos and videos of many products posted on Toolots.com.

Toolots engineers install a robotic device on a plastic injection molding machine to greatly speed up production.

Another roadblock for the industrial equipment industry, particularly eCommerce businesses, is providing effective warranty protection, service and maintenance to online customers in a simple way.

“After-sales service is the biggest barrier for industrial supply” Fu said. With the release of its companion smartphone application YuuTool, Toolots is redesigning how online marketplaces provide after-sales services to customers. 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. This focus on service distinguishes Toolots from its competitors and other providers of industrial equipment, Fu said.

“We’re providing big services through YuuTool. It’s all within the Toolots ecosystem, where everything has value,” he said.

Toolots Chief Strategy Officer ZeMing Gao speaks to the company's employees May 19 during a companywide address.

“The Toolots business model is revolutionary,” added Toolots Chief Strategy Officer ZeMing Gao, stressing how Fu intelligently constructed a vertical business that can be easily scaled to other horizontal markets.

A business only succeeds with its employees, Fu pointed out. Addressing all Toolots employees in a video broadcast in Mandarin and English, the chief executive said, “You are all part of the foundation, what we build upon. It is on this foundation that we are constructing a building, one that went from zero to something that will bloom.”

It is vital that each department within Toolots has a “good foundation,” he added, and strives to continually inject fresh vision through the hiring of powerful leaders.

“New blood is bringing big experience, and this will help us in ongoing efforts to continue building a great team,” Fu said. In the coming weeks, Toolots will have significant announcements about new executives joining the enterprise. Those announcements will be released soon.

Fu pivoted from discussion of Toolots, its business model and its growth to Alibaba, an eCommerce firm that has grown exponentially in recent years. Alibaba started as a simple directory of information, similar to Yellow Pages, to help manufacturers find and locate new suppliers. What began as a simple online platform created by Chinese national Jack Ma to provide an online marketplace of suppliers has evolved to become a behemoth as the world’s largest retailer, even surpassing Walmart in domination of the marketplace, according U.S. Securities and Exchange Commission filings in 2016. As of 2014, Alibaba had a market value of more than $231 billion.

Explaining that the key to Alibaba’s success was creating a platform to connect businesses worldwide and fulfill their needs, Gao suggested that Toolots is on track to one day become an influencer in the global trade environment. “You want your platform to be so essential that you can’t imagine what life or business would be like without it,” Gao said, stressing the need to offer something completely original from your competitors. He is confident Toolots is that platform.

Toolots is excited to announce the addition of a new vendor, Woodward Fab, to our growing E-Commerce marketplace. Based in Hartland, Michigan, Woodward Fab manufactures a complete line of patented hand-held bevellers, bench models, sheet metal shearing tools, power feed machines and more. Woodward Fab, a leading manufacturer and supplier of sheet metal fabrication tools for decades, continues to expand its lineup “in order to offer industrial sheet metal equipment at affordable prices,” according to the company’s website.

Woodward Fab, based in Hartland, Michigan, manufactures a complete line of patented hand-held bevellers, bench models, sheet metal shearing tools, power feed machines and more.

Woodward Fab products will be available for purchase by U.S. consumers on Toolots.com in the coming weeks. Since 1966, Woodward Fab has been making the tools needed to cut, bend, shrink, stretch and strengthen metal, and also offers custom work on dies to help customers bring precision to their next project, the company stated.

Woodward Fab also offers anvils, bead rollers, pipe and tube fabrication equipment, de-burring tools, vises and much more, and possesses more than 49 years of industry experience crafting the tools of the metal fabrication trade.

Woodward Fab's throatless rotary shear can easily cut any shape up to 1/8" thick with its forged steel frame, ratcheting head, and other features.

Toolots is pleased to offer our domestic customers new, quality sheet metal fabrication tools with the addition of Woodward Fab to our roster of vendors, and continue growing our list of US-based suppliers. For purchasing information, please check back at a later date to visit the Woodward Fab marketplace on Toolots.

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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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.

Toolots is excited to announce the addition of a new vendor, Ultrasonic Power Corporation, to our growing E-Commerce marketplace. Based in Illinois, Ultrasonic Power Corporation manufactures industrial ultrasonic cleaning equipment and liquid processing solutions. Ultrasonic Power Corporation’s products will be available for purchase on Toolots.com, for U.S. and Chinese industrial consumers, in the coming weeks.

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Ultrasonic Power Corporation also offers ultrasonic cleaning generators, immersible transducers, flow-through reactors, detergent, supplies, large console systems, automated systems, and more. All products are proudly made in the USA using stainless steel with the capability to handle cleaning parts in a variety of sizes and shapes for a wide range of industries. In addition, Ultrasonic Cleaning provide components and parts to upgrade or convert existing tanks.

Toolots is pleased to offer our domestic and international customers cutting edge ultrasonic cleaning equipment through the inclusion of Ultrasonic Power Corporation and continue growing our Made in the USA supplier list. For purchasing information, visit Ultrasonic Power Corporation’s marketplace on Toolots.com.

T18 Capital, Inc. to invest significant capital following successful fundraising venture

CERRITOS, Calif. – March 7, 2017 – Toolots, Inc., a California-based online distributor of industrial machinery, tools and technology, entered an agreement with an investment firm Tuesday to inject capital into the enterprise following completion of a successful fundraising campaign. Members of the Toolots Board of Directors, including Founder, Chief Executive Officer and Board Chairman Jason Fu, were on hand to sign the agreement, which injects a significant yet undisclosed amount of capital into the enterprise.

Toolots partnered with T18 Capital, Inc. for the fundraising venture, which will help support the company’s initiative to enter sales agreements with more than 100 American manufacturing companies by the year’s end. So far in 2017, Toolots has achieved over 20 percent of that goal, partnering with small to medium-sized manufacturers based in the United States to distribute their products both domestically and internationally.

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.

CERRITOS, Calif. - Feb. 23, 2017 - Toolots is pleased to announce the sale of the first United States manufactured product offered on our online marketplace, following the launch of our Made in USA network earlier this year. The sale was for a MS100 Media Separator, part of Cyclone Manufacturing’s dust collector line. Based in Southwest Michigan, Cyclone Manufacturing has over 40 years of experience and expertise in the industry and proudly engineers and manufactures sandblasting equipment and supplies. As a company we are excited to see our vendors succeed, and to delighted to know the manufacturing industry in the U.S. continues to grow.

Toolots is pleased to announce the addition of Atosa Catering Equipment Inc. products with Bolton Tools as their official licensed distributor to our E-Commerce marketplace. Based out of Southern California, Atosa manufactures refrigeration, food warmers, gas equipment, chafing dishes, and pans using stainless steel and the latest technological advances to provide products of the highest quality.  Atosa Catering Equipment Inc products are currently available on Toolots.com for sale to customers located domestically in the U.S. and internationally in China.

Atosa Catering Equipment provides top quality products at competitive prices that are environmentally safe for use in the foodservice industry, schools, hotels, and more. Additionally, all Atosa Catering Equipment products are manufactured with CFC-free refrigerants in their world class manufacturing facilities, completed by highly skilled employees.

Toolots is excited to offer our customers premiere refrigeration, gas equipment, and kitchen smallwares with the inclusion of Atosa Catering Equipment products through distribution by Bolton Tools. For purchasing information, visit Atosa’s marketplace on Toolots.com.