TruGolf launches the portable LaunchBox in Canada, offering advanced ball data measurement for golfers indoors and outdoors.
Quiver AI Summary
TruGolf Holdings, Inc. has launched its new portable Launch Monitor, LaunchBox, in Canada, designed for easy use with PC and iOS devices, employing advanced high-speed camera technology to measure ball data both indoors and outdoors. This product aims to provide tour-level accuracy at an affordable price, making professional-quality technology accessible to all golfers. LaunchBox integrates seamlessly with TruGolf's E6 APEX software, which features capabilities like Club Fitting, gamified challenges, and a wide array of virtual golf courses. With ultra high-speed cameras, LaunchBox captures crucial golfing metrics without the need for specialty equipment, offering performance data instantly via an easy-to-read display. This launch represents TruGolf's expansion into the high-volume, lower-cost market, reinforcing its commitment to making golf technology available to golfers of all skill levels.
Potential Positives
- TruGolf has successfully launched its portable Launch Monitor, LaunchBox, expanding its product offerings and catering to both casual and serious golfers in Canada.
- The LaunchBox features advanced high-speed camera technology, providing users with tour-level accuracy, which could significantly enhance their golfing performance.
- Integration with the newly developed E6 APEX virtual golf software adds substantial value, offering features like Club Fitting, Bag Mapping, and access to over 1,000 playable virtual courses.
- By entering the high-volume/lower-price market segment, TruGolf can attract a broader customer base, likely increasing sales and enhancing brand loyalty.
Potential Negatives
- The announcement of the portable Launch Box may indicate that TruGolf is entering the lower-price market, which could suggest a potential shift in their target demographic and profitability margins.
- The mention of forward-looking statements highlights uncertainties and risks that could affect the company's projections and credibility, which may concern investors.
- The competition in the golf technology market, especially with a product priced to appeal to every golfer, may imply pressure on pricing and profit margins in the future.
FAQ
What is TruGolf's new Launch Monitor called?
The new portable Launch Monitor by TruGolf is called LaunchBox.
Where is the LaunchBox currently available?
The LaunchBox is now available in Canada.
What technology does LaunchBox utilize?
LaunchBox utilizes advanced high-speed camera technology to measure ball data.
What features does E6 APEX offer with LaunchBox?
E6 APEX includes features like Club Fitting, Bag Mapping, and over 1,000 playable Virtual Golf Courses.
Can LaunchBox be used indoors and outdoors?
Yes, LaunchBox is designed for use both indoors and outdoors.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TRUG Hedge Fund Activity
We have seen 2 institutional investors add shares of $TRUG stock to their portfolio, and 6 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MINT TOWER CAPITAL MANAGEMENT B.V. removed 11,006 shares (-56.7%) from their portfolio in Q3 2024, for an estimated $10,444
- HRT FINANCIAL LP removed 7,454 shares (-15.3%) from their portfolio in Q3 2024, for an estimated $7,073
- GEODE CAPITAL MANAGEMENT, LLC removed 6,985 shares (-13.8%) from their portfolio in Q3 2024, for an estimated $6,628
- UBS GROUP AG added 3,422 shares (+83.0%) to their portfolio in Q3 2024, for an estimated $3,247
- TOWER RESEARCH CAPITAL LLC (TRC) removed 1,798 shares (-25.4%) from their portfolio in Q3 2024, for an estimated $1,706
- TRAYNOR CAPITAL MANAGEMENT, INC. removed 250 shares (-1.9%) from their portfolio in Q4 2024, for an estimated $167
- JPMORGAN CHASE & CO added 11 shares (+220.0%) to their portfolio in Q3 2024, for an estimated $10
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
This new portable Launch Monitor by TruGolf is simple to use, compatible with PC and iOS Devices, and utilizes advanced high-speed camera technology to measure ball data inside and outdoors.
Salt Lake City, Utah, Jan. 23, 2025 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading golf technology company, has announced that its highly anticipated portable Launch Monitor, LaunchBox, is now available in Canada. This camera-based system seamlessly integrates with TruGolf’s industry leading Golf Software and Web Products.
“LaunchBox offers tour level accuracy at a price that’s attainable for every golfer,” said TruGolf’s Chief Revenue Officer, Doug Bybee. “Every golfer will have access to the same kind of technology that professionals are using to improve their game. For golfers looking to get better, or just to play a round, LaunchBox makes that easy and affordable. We are thrilled to introduce this product and its features to the Canadian market.”
For the first time in TruGolf’s 40 year history, the company is proud to announce a portable solution to improve your game, both indoors and out. LaunchBox enables TruGolf to compete for the first time in the high-volume/lower-price market, offering an amazing mix of TruGolf hardware and TruGolf software to golfers of any budget.
LaunchBox works directly with TruGolf’s newest virtual golf software, E6 APEX. The software includes Club Fitting and Bag Mapping, Gamified Improvement Challenges, and 1,000+ playable Virtual Golf Courses, with more content to be released monthly. E6 APEX was
built with IBM watsonx.ai
, and has integrated Machine Learning geospatial tools to ensure the accuracy of each recreated virtual golf course. The created content integrates with GPS Maps, opening up new possibilities for integrating the data captured by LaunchBox by TruGolf.
LaunchBox utilizes ultra high-speed cameras to capture club and ball data without the need for specialty balls or marked clubs. The easy-to-read display shows shot metrics instantly, perfect for use in the garage or on a range mat outdoors. When paired with E6 APEX, LaunchBox provides 12+ Club and Ball Metrics, Driving Ranges, and Virtual Course Play – powered by 5Ghz Wi-Fi capabilities for faster and more stable connectivity to PC or iOS Device.
About TruGolf Holdings
TruGolf is a golf technology company, committed to making golf, easy.
From innovative uses for AI
to build content and enhance its image and spatial analysis, to gamified golf improvement plans, TruGolf is an industry leader in the growing technological revolution in the sport of golf. Since its founding, TruGolf has redefined what is possible in golf through technology. TruGolf’s suite of Hardware, Software, and Web Products make it easier to Play, Improve, and Enjoy the game of golf.
Forward-Looking Statements
Some of the statements in this release are forward-looking statements, which involve risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including ''believes,'' ''estimates,'' ''anticipates,'' ''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,'' ''might,'' ''will,'' ''should,'' ''approximately'' or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained in the Company’s reports filed with the SEC, which are available on the SEC’s website,
www.sec.gov
.
For more information about our products and upcoming innovations, please visit TruGolf.com.
Media Contacts:
TruGolf:
Michael Bacal: Phone: 917-886-9071;
mbacal@darrowir.com
Web: TruGolf.com LinkedIn: @TruGolf
Attachment
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
