Tineco Recognized as Global Leader in Emerging Floor Washer Category

With over five million units sold globally in the past year, Tineco reinforces its leadership in the industry 

SEATTLE, Nov. 26, 2024 /PRNewswire/ -- Today, Tineco is proud to announce that Euromonitor International, the world's leading independent provider of strategic market research, has recognized the company as the #1 global leader in the household wet & dry vacuum cleaner category*. With over five million units sold between July 1, 2023, and June 30, 2024, the honor reflects Tineco's commitment to innovation and quality in the home cleaning sector.

Harnessing more than two decades of industry innovation, Tineco began its journey with a single vacuum cleaner. Pioneering industry excellence, a notable moment in company history was the launch of the first-ever smart vacuum to market in 2018, quickly followed by an inaugural smart floor washer in 2019, and an intelligent carpet cleaner in 2022. Today, Tineco products are enjoyed by 14 million users across key markets worldwide, including regions in North America, Europe, and Asia.

Tineco is now a globally recognized market leader in smart home appliances across the floor care, kitchen, and personal care categories, with 975 patents and 577 registered trademarks across domestic and international markets. For three consecutive years, the company has also held the title of being the #1 wet & dry vacuum brand on Amazon in the United States, Canada, France, Italy, Australia, and Japan.

"At Tineco's inception, we set out to simplify life and household tasks with the help of smart technology. Over the past 26 years, our robust R&D team has made significant investments and a steadfast dedication to setting the standard for excellence in floor care solutions," said Ling Leng, CEO of Tineco. "The honor of being named the #1 global leader in the wet & dry vacuum cleaner category by Euromonitor International is an incredible milestone achievement. This recognition fuels our commitment to continuing to innovate and push boundaries to bring exceptional products to market that enhance the lives of our customers worldwide. Looking ahead, we are laser-focused on making Tineco more accessible by expanding into new markets, introducing new advanced technologies to simplify our customers' lives, and expanding our product lineup to meet diverse needs."

Tineco's flagship models, including FLOOR ONE Stretch S6, PURE ONE Station 5, and Carpet One Cruiser, combine intelligent features with superior power and user-friendly capabilities to revolutionize cleaning. Tineco's R&D team has carefully engineered each model to address real-world challenges and enhance user satisfaction by incorporating technological advancements and valuable consumer feedback. Specifically:

A leader in the intelligent floor care category, Tineco smart models are equipped with Tineco's proprietary iLoop technology that adjusts suction power in real-time based on the mess detected, which not only optimizes battery power but also allows the user to visualize cleaner floors on the unit's display ring that will change from red to blue once the surface is clean. Guided by customer insights, all new Tineco models also feature self-cleaning capabilities that significantly streamline maintenance.

Tineco products are available globally, with distribution in North America on Amazon, Tineco's official online store, and in over 10,000 major retail locations, including Target, Walmart, Best Buy, Costco, Home Depot, and Canadian Tire.

To learn more about Tineco and its entire portfolio of intelligent stick vacuums, floor washers, carpet cleaners, and more, please visit us.tineco.com.

*Source: Euromonitor International (Shanghai) Co., Ltd.; measured in terms of 2023 H2 and 2024 H1  retail sales volume in the world; household wet & dry vacuum cleaners are defined as household cleaners that dispense clean water (or cleaning solution) to wash hard floors and vacuum the dirty water and garbage thereafter; research completed in Nov. 2024.

About Tineco
Tineco was founded in 1998 with its first SKU as a vacuum cleaner and, in 2019, pioneered the first-ever smart vacuum. Today, the brand has innovated into a global leader offering intelligent appliances across home categories, including floor care, kitchen, and personal care. Tineco is dedicated to its brand vision of making life easier through smart technologies and consistently innovating new devices. For more information, visit us.tineco.com.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Tineco Recognized as Global Leader in Emerging Floor Washer Category

LONDON, Nov. 27, 2024 /PRNewswire/ -- The EY organization announces today the appointment of Joe Depa as the new EY Global Chief Innovation Officer, effective immediately. Within this role, he will spearhead applied innovation to help improve service delivery and guide EY teams to address and solve business challenges.

Depa joins the EY organization at a pivotal moment, as a range of emerging technologies are reshaping businesses and industries, creating a multitude of new challenges and opportunities. To keep pace, the EY organization is continuing to make significant investments in areas such as artificial intelligence (AI), quantum computing and blockchain, and most recently formed the EY.ai Global AI Advisory Council.

In his new role, Depa will be leading the organization's global innovation strategy. This will include overseeing efforts to successfully implement emerging technologies for tangible business applications, both internally and across work of EY member firms with clients.

Raj Sharma, EY Global Managing Partner of Growth and Innovation, says:

"At this time of constant disruption, success would require a forward-thinking approach and willingness to make bold decisions, which are at the heart of an innovative mindset. We're thrilled to have Joe's deep experience and knowledge around AI and data to lead on our strategic approach to innovation so that EY teams can help clients shape their future more confidently."

Throughout the last decade, Depa has worked closely with C-suite leaders and boards to bring innovative products and services to market, improve client and employee experiences, and help enhance operational efficiencies through technology. Most recently, he served as the inaugural Chief Data and AI Officer at a leading university and health care organization. At the university, he helped to promote AI literacy, launch a responsible AI governance program and enable a secure data foundation. Prior to that, he acted as Senior Managing Director and Global Lead for Data and AI at a global multinational professional services company, where he led a team of AI strategists and data engineers in developing and implementing new products and services.

Joe Depa, EY Global Chief Innovation Officer, says:

"I'm truly excited to join an organization that is 'All in' on its commitment to the transformative potential of emerging technologies. I look forward to working with the EY teams and clients to help empower them to apply innovation in bold, new ways that help create value for clients through data, AI and emerging technologies to make the world a better place."

A renowned thought leader in the field of AI, Depa has been recognized as one of the "Top 50 Global Leaders" by World Summit AI and has received Fast Company's "World Changing Idea" award, among other accolades.

For more information, visit: ey.com.

About EY

EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets.

Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow. 

EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.

All in to shape the future with confidence. 

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Joe Depa named as EY Global Chief Innovation Officer to lead its global innovation strategy