Connexa Announces Overwhelming Demand for Pickleball Launcher
06 Oktober 2023 - 1:45PM
Connexa Sports Technologies Inc. (NASDAQ: CNXA)
(www.connexasports.com) is pleased to announce that its flagship
consumer brand, Slinger Bag (www.slingerbag.com), has seen an
extremely strong consumer demand for its latest product innovation
in Pickleball, which, at this current rate of sale will soon rival
that of its tennis counterpart, which debuted in late summer 2020
and has seen cumulative sales in excess of $30 million.
Successful in tennis as a result of its
disruptive, transportable, versatile and affordable Slinger Bag
Launcher, the company has now mirrored that success with its
Pickleball Launcher. Pickleball is widely regarded as one of the
fastest growing sports in the USA with over 36 million players,
growing at an average of 159% over the last three years. The sport,
mainly played in doubles, is highly social and easy to play. It is
popular amongst both men and women, with the largest age bracket
being between 18 to 35 years old2.
The positive participation growth experienced
across all racquet sport categories over the past few years is a
trend that Connexa Sports set out to capitalize on, led in-market
by its innovative Ball Launchers. By creating affordable consumer
products for tennis and pickleball enthusiasts of all ages and
abilities, the company’s goal is to attract new players to these
sports, while also supporting lifelong amateurs, rising juniors,
and professional athletes alike. Connexa’s robust market testing
and seeding of its new Pickleball Ball Launcher with avid players,
and coaches provided the validation required prior to its official
commercial launch. Consumer demand has grown month-to month ever
since.
“We are thrilled with the results we are now
experiencing from our new Pickleball Ball Launcher. All market
indicators, coupled with the rapid growth in Pickleball
participation, told us we had another winning product in our
portfolio,” said Mike Ballardie, CEO of Connexa Sports. “We are
extremely pleased about the user feedback on its performance and we
expect this to continue as more people experience the product
themselves at their local Pickleball facility. Our expectation is
that the growth of Pickleball continues unabated. As always, we are
using everything that we learn from our early adopters in
Pickleball to mirror the success of Slinger Bag, already seen in
tennis. Our success will be built on a strong understanding of the
consumer and an unwavering focus on delivering to them what they
need and want.”
“Pickleball represents an incredibly exciting
opportunity for all sports businesses from a commercial
perspective, and our goal is to once again position Connexa and
this Ball Launcher as a must-have product for all players,”
concluded Ballardie.”
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About Connexa Sports Technologies:
Connexa Sports a leading connected sports
company delivering products, technologies, and Sport-as-a-Services
across a range of sport verticals. Connexa’s mission is to
reimagine sports through technological innovation driven by an
unwavering focus on today’s sports consumer.
Contact
Information:investors@connexasports.com(443)
407-7564www.connexasports.com
Forward-Looking Statements
This press release contains “forward-looking
statements” (within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended), including statements regarding the
Company’s intention to request an appeal of the Delisting
Determination, the timing of which remains uncertain. These
statements are based on current expectations as of the date of this
press release and involve a number of risks and uncertainties,
which may cause results to differ materially from those indicated
by these forward-looking statements. These risks include, without
limitation, risks related to continued listing and registration of
the Company’s securities on the Nasdaq Stock Market. Any reader of
this press release is cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. The Company undertakes no obligation to
revise or update any forward-looking statements to reflect events
or circumstances after the date of this press release, except as
required by applicable laws or regulations.
Reference
1,2https://www.cnbc.com/2023/01/05/pickleball-popularity-explodes-with-more-than-36-million-playing.html
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