TUT Fitness Group Signs Agreement with Tribe Property Technologies To Provide Gym Equipment and Community Wellness App For Tribe’s Portfolio of Multi-Family Residential Units Across Canada

Key Highlights:

  • Tribe Property Technologies manages greater than 40,000 rental and rental houses throughout Canada
  • TUT Fitness will present TUT gymnasium gear to health areas in taking part Tribe buildings
  • TUT Fitness can even develop a customized Wellness app for Tribe’s residential communities
  • Tribe and TUT Fitness will co-market TUT gyms and the TUT wellness app to distinguish Tribe’s actual property communities from competing properties

VANCOUVER, BC, March 9, 2022 /CNW/ – TUT Fitness Group Inc. (TSXV: GYM) (Frankfurt: 7PG) (“TUT“) introduced right this moment that it has signed an settlement with Tribe Property Technologies Inc (TSXV: TRBE) (OTCQB:TRPTF). The mutual objectives of the settlement are to advertise TUT Fitness gear to Tribe prospects and the North American property administration market, and to make use of TUT’s wellness app to have interaction Tribe residents and differentiate Tribe’s residential rental and HOA communities.

The partnership will roll out in three phases: putting in TUT Fitness train gear in designated Tribe buildings; increasing to combine TUT’s coaching movies and Training Ambassadors into Tribe’s neighborhood administration on-line portal Tribe Home; and in the end resulting in a bundled TUT/Tribe product providing for builders of recent residential housing development.

Real property builders can study extra by visiting: https://tutfitnessgroup.com/tut-tribe-partnership.

“Fitness and wellness are extra than simply an train room within the basement; they’re now a whole life-style alternative and we’re trying ahead to that includes TUT’s approachable train gear and revolutionary health app options to ship a whole wellness program for our residents that helps our function of simplifying residential neighborhood and rental residing,” mentioned Joseph Nakhla, CEO, Tribe Property Technologies Inc.

“Tribe is an innovator in methods to create welcoming and inclusive residential communities, and we’re trying ahead to working carefully with them to carry our compact and inexpensive health gear and our digital coaching app to a broad viewers of residence and rental dwellers,” mentioned Rob Smith, CEO of TUT Fitness Group Inc.

Tribe manages roughly 40,000 houses comprising greater than 100,000 residents. The Company’s proprietary neighborhood administration software program, Tribe Home, is built-in into each neighborhood with its skill to attach, inform, educate, and defend by the digitization and simplification of residential neighborhood residing.

TUT Fitness merchandise characteristic internationally patented, stackable TUT Plates™ resistance bands because the core aspect in each its TUT Trainer™ Tower and TUT Rower™, that are being marketed and offered into the $10.73 billion marketplace for house gymnasium gear.

LICENSING & PARTNERSHIPS CONTACT:
TUT Fitness Group licenses its patented stackable resistance band expertise to OEM/ODM gear producers. Parties involved in partnership or licensing alternatives ought to contact Mark Addison, Director of Strategic Sales & Partnerships at: [email protected].

INTERNATIONAL SALES CONTACT:
Resellers and distributors involved in representing TUT Fitness Group merchandise ought to contact Stefan Silner, VP of International Sales & Distribution at: [email protected]

Please see our Corporate Video or our social channels: Instagram, Facebook, Twitter, LinkedIn, TUT Highlights (YouTube).

ABOUT TUT FITNESS GROUP:
TUT is a Vancouver-based Canadian producer of high-performance and inexpensive health merchandise. The firm has designed, patented, and manufactured one of many world’s smallest (11.6 lbs), and most inexpensive high-performance house gyms. Incorporated in 2018, TUT is an rising participant within the related Home Gym and Fit Tech {hardware} area, focusing on the US$10.73B Global Home Exercise Equipment Market1 and Online Fitness Market, anticipated to be US$30B by 20262.

TUT’s flagship TUT Trainer™ micro gymnasium makes use of patented, stackable resistance band expertise (TUT Plates™) to interchange heavy metallic weights, enhancing type and focusing on each muscle group with out including stress to joints or tendons. With greater than 250+ workouts, the multi-functional and moveable gymnasium additionally contains an non-compulsory TUT Rower™, and affords breakthrough useful energy and cardio coaching that raises the bar for private house gyms.

ABOUT TRIBE PROPERTY TECHNOLOGIES
Tribe is a property expertise firm that’s digitizing the standard property administration business. As a quickly rising tech-forward property administration firm, Tribe’s built-in service-technology supply mannequin serves the wants of a a lot wider number of stakeholders than conventional service suppliers.

Tribe’s enterprise consists of three income pillars: software program and providers (recurring licensing and administration charges), transactional (hire or rental charges, banking providers, lease-ups) and digital providers and partnerships (good constructing merchandise, monetary and insurance coverage service).

Tribe seeks to accumulate extremely accretive targets within the fragmented North American property administration business and rework these companies by streamlining and digitization of operations. Tribe’s platform decreases buyer acquisition prices, will increase retention and permits for the addition of value-added services by the platform. Visit tribetech.com for extra data.

For additional data please contact:
 
[email protected] 
Rob Smith
CEO, TUT Fitness Group Inc.

Forward-Looking Statements

Certain statements on this launch are forward-looking statements or data, which embrace the popular affiliate gross sales program, TUT Fitness Group licensing its expertise, expectations and outcomes from the TUT Fitness Group’s patented expertise, improvement of applied sciences, buyer demand for TUT Fitness Group’s merchandise, the updates to TUT merchandise, future plans, regulatory approvals and different issues. Forward-looking statements encompass statements that aren’t purely historic, together with any statements concerning beliefs, plans, expectations or intentions concerning the longer term. Such data can typically be recognized by way of forwarding-looking wording reminiscent of “might”, “count on”, “estimate”, “anticipate”, “intend”, “imagine” and “proceed” or the destructive thereof or related variations. The reader is cautioned that assumptions used within the preparation of any forward-looking data might show to be incorrect. Events or circumstances might trigger precise outcomes to vary materially from these predicted, on account of quite a few recognized and unknown dangers, uncertainties, and different elements, lots of that are past the management of the Company, together with however not restricted to, enterprise, financial and capital market situations, the power to handle working bills, safety threats, and dependence on key personnel and together with these different dangers filed beneath the Company’s profile on SEDAR at www.sedar.com. Such statements and knowledge are primarily based on quite a few assumptions concerning current and future enterprise methods and the surroundings through which the Company will function sooner or later, together with the demand for its merchandise, anticipated prices, and the power to realize objectives. Factors that would trigger the precise outcomes to vary materially from these in forward-looking statements embrace, failure to acquire regulatory approval, the continued availability of capital and financing, gear and expertise failures, litigation, improve in working prices, the influence of COVID-19 or different viruses and ailments on the Company’s skill to function, competitors, failure of counterparties to carry out their contractual obligations, alternate price fluctuations, authorities laws, lack of key staff and consultants, and basic financial, market or enterprise situations. Forward-looking statements contained on this information launch are expressly certified by this cautionary assertion. The reader is cautioned to not place undue reliance on any forward-looking data.

The forward-looking statements contained on this information launch are made as of the date of this information launch. Except as required by legislation, the Company disclaims any intention and assumes no obligation to replace or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case. Additionally, the Company undertakes no obligation to touch upon the expectations of, or statements made by, third events in respect of the issues mentioned above.

SOURCE TUT Fitness Group Limited



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