Tropical Battery’s Trademark Approved, Set to Expand Reach Via Amazon Sales

• Tropical Battery Company Limited (Tropical) has announced that the United States Patent and Trademark Office (USPTO) has granted trademark approvals, that will enable it to sell its branded products directly on Amazon's US platform. This development represents a strategic step in bringing Tropical Battery's trusted and innovative products to a broader audience.
• The approved trademarks encompass key product categories, including solar panels, batteries, automotive oils, and coolants. Although Tropical established its Amazon account over a year ago, operations were intentionally delayed meeting the platform's rigorous standards, including obtaining these critical trademark approvals.
• These approvals align with its recent investment in the United States through Rose Batteries, further strengthening its presence in this important market. Selling directly on Amazon is expected to boost its visibility, accessibility, and customer credibility, creating new growth opportunities.
• Rose Batteries, a recent addition to Tropical Battery’s portfolio, specializes in mission-critical custom battery packs tailored for a wide range of applications, including innovative utility grid solutions, industrial systems, medical devices, robotics, drones, and other demanding high-performance sectors.
• Tropical Battery’s stock price has increased by 8.8% since the start of the calendar year, fueled by strong year-to-date earnings growth and promising growth opportunities driven by its recent strategic developments. The stock closed Monday’s trading session at $2.73 implying a P/E of 17.3x last 12 months’ earnings, which is below the Junior Market Distribution Sector Average of 20.3x.

(Sources: JSE & NCBCM Research)