Toor Lockbox Net Worth

The net worth of the Toor Smart Lockbox is estimated to reach $2 million by 2022. It is the first of its kind and a great investment for your home or business. It can be used to secure valuable documents. It can also help protect your valuable items from theft. The company has a number of products to offer. They have their own website. And their products are sold in select stores. In addition to these, they have a number of promotional codes for customers to use.

XTorch Inc.

After traveling to the Dominican Republic and Equatorial Guinea to work in remote areas of Africa, Gene Palusky was inspired to develop the XTorch. He saw families losing productive evening hours and children afraid of the dark after sundown. He also saw the expensive cost of recharging cell phones. In order to address these issues, Palusky and his team developed a product that could be used in remote areas and in everyday situations.

Initially, Robert Herjavec was interested in purchasing Xtorch Inc., but was concerned about the company’s sales history. He offered $500,000 to buy the company, which the founders rejected. They countered by offering $1 million for the company. Ultimately, Herjavec declined the offer. However, the flashlight’s popularity among Shark Tank viewers made it a hit. After the show, the company received 2,000 orders from fans. Its sales grew by 350%.

XTorch is a three-in-one gadget that functions as a flashlight, lantern, and phone charger. It was designed to overcome the problem of unstable energy sources in developing countries. It also has the ability to charge itself via a standard USB cord, as well as solar energy. It offers up to 48 hours of illumination on a full charge. The company was founded by Gene Palusky, Keidy Palusky, and Robert Sweat. Earlier, Gene had been a real estate investor, and he would buy properties, remodel them, and sell them at a profit.

Gene and Keidy Palusky had originally invested $300,000 in their business, but they realized it was not profitable before Shark Tank. They asked for $150,000 for a 10% stake in the company at a $1.5 million valuation. Their pitch to Sharks was extremely ambitious – they wanted Sharks to invest in their company. The XTorch is a solar-powered flashlight that charges itself through the rays of the sun.

XTorch has received national and local recognition for its technology. In 2018, it was named ESOP Company of the Year by the New South Chapter of the ESOP Association. In addition, the company was selected as a recipient of the James S. Cogswell Outstanding Industrial Security Achievement Award by the Defense Counterintelligence and Security Agency in 2018. The company has also been recognized by Washington Technology, Inc. 5000, and Entrepreneur Magazine for being the fastest growing private defense contractor in the Southeast.