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Interactive Strength Secures Exclusive Distribution Deal in France
Three-Year Agreement Expected to Generate Over $0.5 Million in Revenue
France Holds the Position of the Second-Largest Fitness Market in the EU
AUSTIN, TX / ACCESSWIRE / December 18, 2024 / Interactive Strength Inc. (NASDAQ: TRNR), known for its innovative specialty fitness equipment under the CLMBR and FORME brands, has announced a significant exclusive distribution agreement. The deal, made with Planet Fitness (NYSE:), grants Interactive Strength rights to distribute its products throughout Metropolitan France and the surrounding French regions for a period of three years. This partnership includes a minimum order of 162 CLMBR units, which is anticipated to yield more than $0.5 million in sales revenue.
For further details, stakeholders are encouraged to check TRNR’s shareholder update available on the Company’s investor website.
About Interactive Strength Inc.:
Interactive Strength Inc. specializes in cutting-edge fitness solutions and services, prominently featuring the CLMBR and FORME brands. The company is listed on NASDAQ under the ticker symbol TRNR.
CLMBR is a vertically oriented climbing machine that provides a unique full-body workout, integrating strength training and cardio routines effectively. It is designed to be compact and portable, making it suitable for both commercial environments and home use. The CLMBR’s low-impact, ergonomic design caters to a wide range of ages and fitness abilities, thus promoting accessibility across different user demographics.
FORME complements this offering through its digital fitness platform, which merges premium smart gyms with live personal training sessions, thereby enhancing the consumer fitness experience. Notable products include the FORME Studio Lift, which incorporates a fitness mirror alongside cable-based digital resistance, and the FORME Studio itself – a smart fitness mirror that facilitates interactive training. Various training formats—ranging from video on demand to live one-on-one coaching—are available, allowing users to select options that fit their needs and budgets.
Forward-Looking Statements:
This announcement contains specific forward-looking statements aligned with the safe harbor provisions outlined in the United States Private Securities Litigation Reform Act of 1995. Such statements extend beyond historical or current facts, encapsulating management’s projections, plans, and assumptions for the future. Generally, these statements are recognized by terms like “anticipate,” “expect,” “project,” and others indicative of future trends. The company urges caution in relying on these projections, as they are dependent on current expectations and may vary significantly if underlying assumptions prove incorrect or if unforeseen risks arise. Contributors to these uncertainties may include market demand, competitive dynamics, inventory management, and reliance on a limited supplier base. A comprehensive overview of these risks is available in the company’s filings with the Securities and Exchange Commission. The company does not commit to updating any forward-looking statements unless legally obligated.
Contact Information
For investor inquiries, contact:
John McNamara
IR
john@tradigitalir.com
917-658-2602
SOURCE: Interactive Strength Inc.
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