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Press Release

Thirty-5 Capital Announces New Partnership with ProXR

A partnership with St. Louis grip-technology innovator ProXR LLC.

Chicago, IL · August 19, 2020

Thirty-5 Capital, a Chicago-based private equity firm, is proud to announce a new partnership with ProXR LLC, a St. Louis-based sports technology incubator that develops, markets, and licenses innovative ergonomic grip designs. With products targeting baseball, hockey, golf, and more, ProXR has a potential market size of over 60 million athletes in North America.

I'm excited to lead the growth of ProXR's brand. The products they've developed are precisely what athletes around the world are searching for, innovations that improve performance and increase power. ProXR has 15 years of proven product innovation, so this is an exciting opportunity to use our strategic leadership to elevate this enterprise to the next level.

Ron Saslow, Founder and President, Thirty-5 Capital

For ProXR, this relationship with Thirty-5 Capital represents the inflection point we've been building toward. Ron brings international business leadership and focused corporate vision to this venture. ProXR will do for hands what Nike did for feet.

Grady Phelan, Founder and President, ProXR

A three-way partnership will lead ProXR with the addition of Dr. Robert Morley, a long-time ProXR investor and board member. Dr. Morley, a retired professor of Electrical and Systems Engineering at Washington University in St. Louis, is a prolific innovator in his own right as co-inventor of the digital hearing aid and inventor of the Square card reader. Mr. Saslow will become Chief Commercial Officer, focusing on marketing and expansion into global markets, while Mr. Phelan will become Chief Innovation Officer, focusing on product innovation and development.

About Thirty-5 Capital

Founded by Ron Saslow, Thirty-5 Capital is a private equity firm helping start-up and early stage businesses grow through the strategic infusion of capital and leadership. Mr. Saslow led Hu-Friedy Manufacturing Company for 20 years as president, chairman, and CEO, driving tremendous growth; by 2019, sales exceeded $225M worldwide.

About ProXR LLC

Founded in 2014 by Grady Phelan, ProXR LLC is widely recognized as the leading innovator in grip technology for sports. ProXR is the first angled grip baseball bat ever used in Major League Baseball, and it licenses its bat technology to some of the best bat companies in baseball. proxr.com

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