Safety Tech Leader Expands Manufacturing Capacity by 30 - 50%

Safety Tech Leader Expands Manufacturing Capacity by 30 - 50%

By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, May 31, 2023

This company is a technology leader driving innovation in the industrial workforce with connected safety devices and predictive analytics — and just announced they will repurpose existing space to increase production capacity.

Helping firms drive towards zero safety incidents and improved operational performance Blackline Safety Corp. (TSX: BLN) announced that it has expanded its manufacturing capacity at its Calgary, AB headquarters which is expected to increase production capacity by 30 to 50%. The announcement follows a milestone year which saw the company’s global customer base climb to 1,800, with 150,000 workers protected by the company’s game-changing safety wearables across North America, Europe, Middle East, Australia and New Zealand. Demand for the company’s real-time connected safety technology grew an average of 30%, while product rentals rose 214% and the company’s cartridge line saw 165% growth.

Shares were last trading up at $2.78


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