BOULDER, CO, May 08, 2025 — FST Corp. (Nasdaq: KBSX), a prominent manufacturer and seller of steel and graphite golf shafts, as well as a provider of golf-related services, announced today a positive relationship between professional golf tour victories by golfers using the company’s golf shafts and subsequent company revenue.

During the 2024 PGA Tour, golfers using clubs equipped with the company’s KBS-branded shafts secured wins in six tournaments: the Mexico Open, Valero Texas Open, Zurich Classic of New Orleans, Myrtle Beach Classic, Charles Schwab Challenge, and Rocket Mortgage Classic. In the two weeks following these tournaments, the company experienced sales increases for its golf shafts ranging from 9 to 102 percent compared to the same two-week periods in 2023.

In total, FST’s sales in the two-week periods directly following these tour wins rose by 40.3 percent compared to the corresponding two-week periods in 2023.

On the 2024 LIV tour, golfers using clubs made with the company’s shafts won two tournaments — the LIV Golf Las Vegas Event and the LIV Golf Miami Event. In the two-week periods immediately following these tournaments, the company’s golf shaft sales cumulatively increased 47.0 percent compared to the equivalent periods in 2023.

The 2024 LPGA Tour saw eight wins by golfers using the company’s shafts, resulting in a total increase of 3.4 percent in shaft sales in the two weeks after the tournaments, compared to the same periods in 2023.

Overall, sales in the two-week periods after all 16 tournaments in 2024 improved by 23.6 percent compared to the same periods in 2023.

“We believe this data demonstrates a significant correlation between the success of our shafts on the professional tour and an increase in revenue compared to the same periods last year,” said FST chief executive David Chuang. “We also believe that the success of our shafts on the professional tour is largely due to our R&D and manufacturing improvements, which have led to demonstrable improvements in launch angle, superior control of golf ball trajectory, and increased shot distance without adding shaft weight.”

Mr. Chuang stated that the revenue increases mentioned above are continuing to “strongly contribute to the company’s overall revenue performance.”

He projected that total revenue for 2024 will increase by approximately 35 percent compared to 2023.

From 2021 to 2024, the company’s shafts have achieved over 90 victories across the PGA Tour, LPGA, LIV, Korn Ferry Tour, and Presidents Cup Team.

About FST Corp.

FST Corp., established in 1992, manufactures and markets golf club shafts and other golf-related products to golf equipment brands, OEMs, distributors, and consumers through its KBS Golf Experience retail stores. FST’s equipment, sold under the KBS brand, is used by golfers of all skill levels, including numerous professional players on the PGA and other major golf circuits. The company’s product line, retail locations, and golf-related services are components of a vertically integrated business strategy that has globally established the KBS brand and created considerable competitive advantages over similar brands. The company’s growth plans currently focus on expanding into the PRC and other untapped golf shaft markets.

Forward-Looking Statements

This press release contains forward-looking statements regarding future expectations, plans, and prospects, as well as statements that are not historical facts. These statements involve known and unknown risks, uncertainties, and assumptions based on the Company’s current expectations about events that may impact its financial condition, results, strategy, and needs. Forward-looking statements can often be identified by terms such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely,” and similar expressions.

The Company assumes no obligation to update or revise these statements to reflect new events or changes in expectations, except as required by law. While these statements reflect reasonable expectations, actual results may differ materially. Investors are encouraged to review the Company’s registration statement and SEC filings for additional information on factors that may impact future results.

Company Contact:
FST Corp.
No. 3 Industrial First Road
Minxiong Township,
Chiayi County, Taiwan
Office: +886-5-221-2555
Email:  

Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835
Email:  

“`