New, opened box. PegBoard X2 is the next generation storage and organizational tool. Holds up to 1 ton. Don't try that with an ordinary pressed wood peg board. The PegBoard X2 is built with heavy duty metal construction and will never rust, rot, corrode or degrade like traditional pegboard. The peg hook holes will stay true for a lifetime. The Strongest PegBoard on the Planet. Unlike traditional pegboard, the PegBoard X2. requires no additional framing - just screw into wall and it is ready to go. No maintenance required. Use for storage, organization and display. For industry, retail spaces, garages, kitchens and more. Looks great, works even better.