Loctote | Smart + Secure Bags | All products - Loctote Industrial …

Designed for maximum security, our bags are waterproof, lockable and cabin baggage friendly. Cut-resistant fabric, steel-reinforced straps, RFID-blocking technology, and built-in peace of …

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Loctote Industrial Bag Co. Update | Shark Tank Season 8

2 weeks from now

Nov 16, 2024 · Entrepreneurs: Adam McBride and Don Halpern Business: Theft-proof and slash-proof bag Ask: $150,000 for 5% equity Result: $150,000 for 10% equity + $10/bag Shark: …

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FAQs about Loctote | Smart + Secure Bags | All products - Loctote Industrial … Coupon?

What is loctote industrial bag?

Loctote Industrial Bag specializes in manufacturing anti-theft bags, notably the Flak Sack, designed to safeguard personal belongings. These bags are made from a special cut-resistant fabric, with hidden steel-reinforced straps that allow them to be securely locked to fixed objects. ...

Who owns loctote bags?

Adam and Don entered Shark Tank Season 8, seeking $150,000 for 5% equity in their theft-proof bag company, Loctote. After their presentation, they closed a deal with Robert Herjavec for $150,000 for 10% equity + $10 royalty per bag. In terms of a Loctote update, the company was acquired by Nolk in 2020, which expanded its operational strategy. ...

Is loctote a good bag?

As an added bonus, the bag looks pretty suave as well. Loctote Industrial Bag Company’s Flak Sack is the ultimate in personal protection. Crafted in a heavily slash-resistant blend of premium fabrics that were originally developed as high-performance body armor, the bag is protected from quick strikes of the knife. ...

How much does a loctote safety bag cost?

Initially, producing the Loctote safety bag in the U.S. costs $75 per unit, and it retails for $179, with a profit margin of 58%. Later, they moved production overseas using funds from Kickstarter, lowering costs and allowing them to reduce the retail price to $119. ...

What happened to loctote industrial Bag Company?

As with many creative and innovative feats of imagination, Loctote Industrial Bag Company came to fruition after a serious bout with misfortune. During what was supposed to be a relaxing family vacation in St. Croix, co-founder Don Halpern’s personal items were stolen off the beach—while he watched helplessly from the tide. ...

Does loctote earn a commission?

We earn a commission if you make a purchase, at no additional cost to you. Loctote Industrial Bag specializes in manufacturing anti-theft bags, notably the Flak Sack, designed to safeguard personal belongings. ...