Galaxy Next Generation Ships Nearly $500,000 Since Beginning of March Under Its Supply Agreement from an OEM Customer

Rhea-AI Summary

Galaxy Next Generation, Inc. (OTCQB:GAXY) has successfully delivered an additional 700 audio product units to an OEM customer for the K-12 education market. This shipment highlights the production capabilities of their Arizona manufacturing facility. CEO Gary LeCroy emphasized their commitment to meeting customer needs, enhanced by investments in reducing lead times and ramping up production. Galaxy's audio products, which largely serve the educational sector, continue to be a significant part of their expansion strategy.

Positive

• Successfully delivered an additional 700 units of audio products for the K-12 market.
• Showcases production capabilities at the Arizona manufacturing facility.
• Investments in reducing lead times to enhance customer satisfaction.

Negative

• None.

Represents Additional 700 Units of Audio Products and for the K-12 Education Market

TOCCOA, GA / ACCESSWIRE / March 16, 2022 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ("Galaxy" or the "Company), a provider of interactive learning technology solutions, is pleased to announce that it has received and now successfully delivered an additional 700 units to an OEM customer for its innovative audio products and accessories for use in the K-12 education market.

This new release of order(s) under their current Blanket Purchase Order demonstrates the production capabilities of our US manufacturing facility in Arizona. This represents just one of the avenues that the classroom audio products are being well represented and recieved.

Gary LeCroy, Galaxy's Chief Executive Officer, commented, "We continue to work very closely with our OEM customers in order to meet or exceed their end customers' needs and timing. We have invested in shortening lead times and obtaining components in much larger quantities in order to ramp up the build time and sell through timeframe for these customers. Investing in our OEM division and our audio product line is part of our vast expansion plan."

About Galaxy Next Generation, Inc.
Galaxy Next Generation (OTCQB:GAXY) is a provider of interactive learning technology solutions that allows the presenter and participant to engage in a fully collaborative instructional environment. Galaxy's products include Galaxy's own private-label interactive touch screen panel as well as numerous other national and international branded peripheral and communication devices. Galaxy's distribution channel consists of 22+ resellers across the U.S. who primarily sell the Company's products within the commercial and educational market. Galaxy does not control where resellers focus their resell efforts, although generally, the K-12 education market is the largest customer base for Galaxy products - comprising nearly 90% of Galaxy's sales.

For additional information, please visit our website at: www.galaxynext.us

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investors Contact:
IR@GalaxyNext.us
P:888-859-1274

SOURCE: Galaxy Next Generation, Inc.

View source version on accesswire.com:
https://www.accesswire.com/693259/Galaxy-Next-Generation-Ships-Nearly-500000-Since-Beginning-of-March-Under-Its-Supply-Agreement-from-an-OEM-Customer

FAQ

What is the recent shipment by Galaxy Next Generation, Inc.?

Galaxy Next Generation, Inc. shipped an additional 700 audio product units to an OEM customer for the K-12 education market.

What does the recent press release from Galaxy Next Generation highlight?

The press release highlights the company's production capabilities and their commitment to meeting customer needs in the K-12 education market.

What is the significance of the new shipment for Galaxy Next Generation?

The shipment underscores Galaxy's ability to meet demand and represents part of their expansion strategy in the audio product line for educational use.

When was the press release from Galaxy Next Generation issued?

The press release was issued on March 16, 2022.

What products does Galaxy Next Generation provide?

Galaxy Next Generation provides interactive learning technology solutions, including audio products targeted at the K-12 education market.