VANCOUVER, British Columbia, March 12, 2018 (GLOBE NEWSWIRE) -- HIT Technologies Inc. (TSX-V:HIT) ("HIT" or the "Company"), designer, manufacturer, and distributor of lifestyle brand HITCASE®; is pleased to announce an expanded collaboration with our key manufacturing partner who is a China-based leader in the development of waterproof case and mobile accessory products.
“Our relationship with this key manufacturing partner has continued to flourish over the past year and I am happy to report that they have now expanded their collaboration with us,” said Brooks Bergreen, founder and CEO of HIT. “They have agreed to collaborate on the iterative design work for our new iPhone X cases, which will accelerate our time to market and minimize our cost to develop for the X. In addition, given the interest we are seeing in our redesigned and market leading Hitcase product suite with our new Pro, Shield and Crio, they have also agreed to extend favourable payment and ordering terms to enable us to service the opportunities such as our recent launch with BestBuy.com. This is in addition to their $150,000 investment in Hitcase via a private placement in September 2017.”
Continued Mr. Bergreen, “We are honored to have this kind of support from our key manufacturer and believe it is a testament to the revolutionary series of iPhone case designs we have created, and the brand and engaged user base we have built. Over the last year, they have also helped to improve our designs and improve our speed to market on our other products and they have a deep understanding of rapid CNC and waterproofing technologies. With their help following launch of the iPhone 8 in November 2017, we were able to rework and launch our new Shield LINK in just 30 days. This is a fantastic result given without this kind of collaboration, it could have taken us as much as 90 days to complete this cycle. To now have them working with us on our new iPhone X lineup can provide significant improvements over the four to five month cycle often necessary for more complex products involving waterproofing or optics. We’re excited to expand our mutually beneficial partnership with them, as they recognize the potential of our product range and Brand to create a win-win for both companies in the growing iPhone case market.”
About HIT Technologies Inc.
HIT Technologies Inc. (TSX VENTURE:HIT) develops and markets a portfolio of products under the brand HITCASE. Their growing lineup includes the HITCASE CRIO, the first magnetic mountable and lens capable slim form factor case on the market, the HITCASE® SHIELD, the world’s thinnest waterproof iPhone case, the HITCASE PRO which allows users to capture photo and video content hands-free, using a variety of HIT Technologies' patented Railslide® mounts that attach to virtually any surface. Quick mounting TrueLUX® lenses provide a variety of perspectives otherwise not possible. HIT Technologies is headquartered in the outdoor mecca of Vancouver, British Columbia, Canada.