Trutankless, Inc.

Trutankless, Inc.

Corporate structure

• Trutankless, Inc. is a Nevada corporation headquartered in Scottsdale, Arizona.
• Wholly owned subsidiaries:
  • Bollente, Inc. (Nevada), incorporated December 3, 2009.
  • Tankless365, Inc. (Nevada), incorporated October 20, 2021; a 2023 spin-off announcement was reversed in early 2024 and Tankless365 remains a wholly owned subsidiary.
• Operational focus: research and development, sales, and marketing of electric tankless water heaters, including smart-home integration and related software development.

Business activities

• Designs, manufactures, and distributes electric tankless water heaters intended for whole-house use.
• Products include Bluetooth and Zigbee connectivity and a companion app for iOS and Android, with ongoing plans for additional home-automation integration and cloud/app data capabilities.
• Product claims and differentiators: continuous hot water on demand, higher temperature rise at given flow rates, energy efficiency, longer life cycle versus traditional tank heaters, and maintenance-free operation under most conditions.
• Core product set is designed to support energy management and leak detection capabilities and to integrate with home automation ecosystems.

Markets and customers

• Primary market: U.S. residential sector, with initial focus on wholesale distribution and professional channels.
• Sales channels:
  • Wholesale plumbing, HVAC, and electrical distributors (primary channel; approximately 95% of sales).
  • Independent dealers, plumbers, and electricians where wholesale channels are not established.
  • Builders on a direct basis in select markets.
• Regional focus: Southern and Western United States, including Florida, Texas, Arizona, and the broader Sunbelt, aligning with higher electric-water-heater usage and active new construction.

Products and technology

• Core product: Trutankless electric tankless water heaters.
• Key technology and features:
  • Custom heat exchanger with a patented design that heats water as it flows.
  • Higher capacity/temperature rise than some competitors at given flow rates.
  • Energy-efficiency advantages and potential life-cycle cost benefits.
  • Cloud-connected control and monitoring via a proprietary online panel (launched July 2014) providing real-time status, temperature control, water usage data (up to three years), and notifications.
  • Planned expansion into home automation integration, leak detection, remote monitoring, and hot water recirculation.
• Intellectual property:
  • U.S. trademark registrations for "trutankless" and the company logo.
  • Patents: a tankless heater patent with 34 claims; a 2021 provisional patent with 14 claims for a proprietary flowmeter design; plans to file additional patents for next-generation technologies and AI-enabled features.
  • Protection strategy includes trademarks, patents, trade secrets, and confidential disclosures.

Manufacturing, supply chain and distribution

• Manufacturing is arranged with a North American manufacturer under a December 2020 Manufacturing Services Agreement covering pricing, payment terms, warranty, and shipping.
• Finished products ship FOB; carriers are selected based on order size and rates.
• Distribution emphasizes wholesale plumbing and regional distributors, with shipments routed through common carriers.

Financial highlights

• Revenue history (selected years):
  • 2014: $238,912
  • 2015: $265,504
  • 2016: $429,582
  • 2017: $695,857
  • 2018: $1,537,958
  • 2019: $1,908,708
  • 2020: $1,661,278
  • 2021: $246,032
  • 2022: $73,009
  • 2023: $3,549
  • 2024: $242,350
  • 2025: $1,082,887
• The company has disclosed a going-concern risk and the need to raise additional capital to fund operations and growth.

Legal and regulatory matters

• 2020–2021: SEC inquiry related to a late filing notification; the matter was settled in 2021 with civil penalties of $25,000, of which $20,000 remained outstanding as of 12/31/2025.
• 2023: Florida state case resulted in a default judgment for $38,768 related to installation claims; the balance remained unpaid as of 12/31/2025.

Employees and operations

• The company employed six people, including the CEO, production/warehouse manager, and part-time staff.
• Plans call for expansion of sales and technical staff, with continued reliance on independent consultants and contractors for certain services.

Competitive position

• Proprietary elements include the hot-water heating technology, heat exchanger design, and control software.
• The company intends to protect and expand its IP portfolio through additional patents and trade-secret protection.

Growth strategy

• Growth drivers: increased adoption of electric tankless systems, home-automation trends, and expanded wholesale distributor reach.
• Initiatives: targeted marketing to contractors and builders, online education and branding, and potential licensing or co-branding to manage channel conflicts.
• Management targets improved gross margins through cost reductions and outsourcing efficiencies, with a goal of approaching 50% gross margin over time.

Notable corporate actions

• A July 2023 spin-off announcement for Tankless365, Inc. (4:1 distribution ratio) was reversed in early 2024; Tankless365 remains a wholly owned subsidiary.

Reporting and filings

• The company files periodic reports with the U.S. Securities and Exchange Commission (Form 10-K, 10-Q, 8-K, etc.), which are available via the SEC or company communications.

Summary

Trutankless, Inc. is a Nevada-based company focused on R&D, marketing, and distribution of electric tankless water heaters that integrate with smart-home systems. The product lineup emphasizes continuous hot water delivery, installation flexibility, and home-automation capabilities. Revenue has been volatile across the reported years, with 2025 revenue of $1,082,887. The company relies primarily on wholesale distributors, maintains several patents and trademarks, employs six people, and is pursuing growth through expanded distribution, product development, and strategic partnerships while addressing financial and regulatory obligations.