|By PR Newswire||
|April 3, 2014 09:22 AM EDT||
SEATTLE, April 3, 2014 /PRNewswire/ -- ImagiGadget LLC launched its product line of Wave Hooks (www.wavehooks.com) in January. After seeing initial success, they launched two crowdfunding campaigns on Indiegogo (https://www.indiegogo.com/projects/wave-hooks/) and Kickstarter (https://www.kickstarter.com/projects/97033867/wave-hooks/ Within 10 days, initial goals of $3,000 for each campaign were dwarfed by the $18,329 worth of funding, 500,000 website hits, 700 backers, and over 1,000 units on pre order.
Its most popular product the Wave Hook Bath Tub Wine Glass Holder represents most of that success. CEO Michael Aylesworth announced on Sunday, March 30, 2014 that ImagiGadget would be partnering with contract 3D printers on www.MakeXYZ.com in order to ensure on time manufacturing and delivery of the 1,066 units ordered. "In addition to producing the units in house, we will be outsourcing approximately $5,000 worth of contract 3D printing to the MakeXYZ community," Aylesworth said. Average orders for contract 3D printing is $50, according to Aylesworth, who has provided 3d printing and product development services on MakeXYZ in the past.
Aylesworth also indicated on his update video (http://youtu.be/FO75anuteyQ) that ImagiGadget will be pursuing a much larger expansion of its successful Wave Hook product line using more traditional and much higher volume manufacturing technologies such as injection molding. "We are looking to injection molding having these products in national retailer outlets by September," Aylesworth said in the video.
All the rewards for the crowd funding campaigns have been capped for orders to be fulfilled in May. New rewards will be added for fulfillment in June.
"We want to be very bullish in our expansion, but also extremely conservative and respectful of those backers who invested their money early on and expect their product on time," says Aylesworth. He continued: "Bringing a new product to the market is very exciting for us as the inventors and manufacturers, but when you see this kind of viral excitement in the market place, everyone from consumers to investors get a really incredible experience and sense of accomplishment."
The Wave Hook Wine Glass holders are $15 on pre order and Aylesworth has said that wholesale pricing will be available as soon as the injection molding process is up and running, likely this summer.
Read more news from ImagiGadget LLC.
SOURCE ImagiGadget LLC
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