Roseville, Minnesota – August 24, 2020 – SecureTech Innovations, Inc., an emerging growth company focused on developing and marketing personal and automobile security and safety devices and technologies, announces that it is achieving new levels of manufacturing efficiencies with its Top Kontrol product.
In Q2 2020, SecureTech was able to manufacture approximately 100 Top Kontrol units. Just halfway through the current Q3 2020, SecureTech has produced 500 Top Kontrol units. As a result of improved manufacturing efficiencies, SecureTech’s production cost per Top Kontrol unit has decreased by 22.6% through the first half of Q3 2020.
Kao Lee, SecureTech’s President and CEO, stated, “I am very excited to be able to report to our shareholders that, despite our continuing challenges from the COVID-19 pandemic, we are successfully ramping up Top Kontrol production. As we anticipated, our production cost per unit is already significantly declining as we achieve new manufacturing efficiencies and economies of scale. Continually improving efficiencies is extremely important, because, over time, we should realize substantial improvements to SecureTech’s overall margins and profitability.”
“The next major milestone we hope to report soon will be the introduction of a COVID-19 safe training program for automobile technicians to train and become Certified Top Kontrol Technicians. To achieve our installation and sales goals, we need to be able to train and certify groups of automobile technicians on a scheduled basis rather one at a time which we’ve been doing during this pandemic,” added Mr. Lee.
About SecureTech Innovations
SecureTech is an emerging growth company focused on developing and marketing personal and automobile security and safety devices and technologies – our products preserve life, protect property, and prevent crime. SecureTech is the maker of Top Kontrol®, the only anti-theft and anti-carjacking system known that can safely stop a carjacking without any action by the driver. For more information, visit www.securetechinnovations.com and www.topkontrol.com.
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Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. There can be no assurance that such forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. SecureTech Innovations, Inc. (“SecureTech”) assumes no obligation to update forward-looking statements should circumstances or management’s estimates or opinions change, other than as required pursuant to applicable securities laws. For a description of additional risks and uncertainties, please refer to SecureTech’s filings with the Securities and Exchange Commission, including “Risk Factors” in its Annual Report filed on Form 10-K.