Tropical Battery says newly minted US Trademarks expected to activate volume sales on Amazon


 Tropical Battery Company Limited indicates that the United States Patent and Trademark Office (USPTO) has granted official trademark approvals, enabling it to sell its branded products directly on Amazon's US platform.

 Tropical Battery Group operates offices, warehouses, retail stores, and manufacturing facilities in Silicon Valley, California; Santo Domingo, Dominican Republic; and Kingston, Jamaica.

 Operating since 1950, its portfolio of products and services, include solar panels, lithium-ion phosphate batteries, lead-acid batteries, and electric vehicle sales and servicing for brands such as Tesla and V-Moto.

The newly approved trademarks (Reg. Nos. 7,568,824, 7,568,851, and 7,568,823) encompass key product categories, including solar panels, batteries, automotive oils, and coolants.

Management notes that although Tropical Battery established its Amazon account over a year ago, operations were delayed meeting the platform's standards, including obtaining the trademark approvals.

 David Walton, Chief Marketing O icer of Tropical Battery and Head of Sales and Marketing said that the move,  “Aligns perfectly with our recent investment in the United States through Rose Batteries, further solidifying our presence in this key market.”

 Rose Batteries, a recent addition to Tropical Battery’s portfolio, specializes in utility grid solutions, industrial systems, medical devices, robotics, drones, and other sectors.

The company’s audited financials for the year ended September 30, 2024, have been promised for delivery on January 31, 2025.

For the third quarter of 2024, gross operating revenue reaching $1.9 billion from $782.8 million in 2023, an increase of 143.6 per cent year-over-year, primarily attributed to the 100 per cent acquisition of Rose Batteries in San Jose, California, and the 51 per cent acquisition of Kaya Energy in the Dominican Republic.

Gross profit for the quarter was $623.3 million, up 172.6 per cent from the previous year, accredited to higher sales volumes, improved cost efficiencies, and favourable pricing strategies.

The quarter’s EBITDA was $255.1 million, a 272.8 per cent increase year over year. Net income for the quarter more than doubled to $121.3 million, up 212.5 per cent from last year. Return on Equity (ROE) for the quarter was 38. Per cent.

 For the first nine months of FY2024, with gross operating revenue doubling from $2.13 billion in the previous year to $4.27 billion. Gross profit rose by approximately 104 per cent from $667 million to $1.36 billion. Operating profit increased 136 per cent from $195 million to $460 million.

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