• Women make up roughly 28% of on-course golfers in the United States, a historic high.
• The global golf equipment market is booming, generating an estimated $25.5 billion in 2024 and projected to grow at nearly 6% annually.
• Newton Golf’s lighter shaft is engineered to weigh less than previous versions while maintaining precision, stability and distance.

A surge in women’s golf participation is reshaping the industry, drawing fresh energy and opportunity to equipment manufacturers. Newton Golf Company (NASDAQ: NWTG) recently released the perfect piece of equipment for this dynamic market — a lighter shaft option, designed to deliver premium performance for golfers of all levels, from weekend enthusiasts to tour professionals, who are widely adopting the new shaft in competition.

Women now make up roughly 28% of on-course golfers in the United States, a historic high, with female participation climbing 41% since 2019 to reach 7.9 million players in 2024 (https://ibn.fm/d1HkS). Notably, younger women are entering the sport in record numbers through recreational and social formats such as high-tech driving ranges and simulator venues, which are removing historical barriers and making golf more accessible and inclusive (https://ibn.fm/dAPel).

This demographic shift has created a powerful marketplace. Women’s golf equipment and apparel purchases reached $1.53 billion in the United States in 2021, underscoring the purchasing influence of female golfers (https://ibn.fm/FzNMx). In addition, the global golf equipment market is on track to expand from $29.03 billion in 2024 to $30.41 billion in 2025, growing at a 4.8% compound annual growth rate (“CAGR”) (https://ibn.fm/Wgvsx). These trends highlight the critical role that women have in the space, not only as players but as a driving force in golf’s commercial growth.

Newton Golf’s introduction of its lighter shaft further aligns with shifting market dynamics. The new option is engineered to weigh less than previous versions while maintaining precision, stability and distance (https://ibn.fm/4qUhj) — qualities valued by golfers across all demographics. With growing participation from women, juniors and recreational players seeking both performance and comfort, the new shaft offers an adaptable solution suited to evolving needs, without being marketed toward a single group. It’s designed for any golfer looking for enhanced swing speed and control through weight reduction and refined balance.

Newton Golf has built its reputation on innovation, focusing on advanced shaft technologies that address fundamental aspects of the golf swing. The company’s Missouri-based manufacturing hub ensures U.S.-based quality and responsiveness to market trends. The new lighter shaft was introduced to support golfers’ desire for equipment that facilitates improved biomechanics and enhanced playability, especially for those experiencing slower swing speeds or seeking greater consistency.

While Newton Golf remains popular among the amateur circuit, the company has also secured endorsement from touring professionals, signaling that its technology can meet elite standards (https://ibn.fm/l2FGm). As women’s golf continues to gain prominence with increased media coverage, investment and female-driven grassroots programs, providing high-performance equipment options across skill levels is becoming increasingly important.

As women continue to drive golf’s growth and redefine its culture and commerce, having manufacturers such as Newton Golf focus on thoughtful gear advancement is key. The new lighter shaft represents not only technological progress but also an industry adapting to the sport’s new face — and all the golfers who comprise it.

For more information, visit www.NewtonGolfCo.com.

NOTE TO INVESTORS: The latest news and updates relating to NWTG are available in the company’s newsroom at https://ibn.fm/NWTG

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