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SinglePoint Inc. (Cboe: SING) is a leader in the renewable energy and sustainable lifestyle sectors. Headquartered in Phoenix, Arizona, the company focuses on solar power solutions and indoor air purification through its subsidiaries, aiming to create the largest vertically integrated network for solar panel marketing and installation in both residential and commercial markets.
One of the primary subsidiaries, Boston Solar, has been instrumental in driving the company's solar business forward. Since its acquisition in 2022, Boston Solar has seen significant growth, installing over 5,000 residential and commercial solar arrays in New England, primarily in Massachusetts. The company has a robust pipeline of commercial projects with notable clients like Fenway Park, federal agencies, and luxury hotel chains. The commercial side is expected to drive substantial revenue growth in 2024.
In addition to solar energy, SinglePoint's subsidiary BOX Pure Air focuses on indoor air quality solutions, addressing the need for air purification in schools and offices. The company is also exploring future growth opportunities in energy storage, electric vehicle charging, and solar as a subscription service.
Recently, SinglePoint completed an underwritten public offering, raising $4 million by offering 800,000 shares at $5.00 per share. The proceeds are planned to be used for corporate purposes and to repay debt. The company has also shifted its trading to the Cboe BZX Exchange under the ticker symbol 'SING'.
CEO Wil Ralston is optimistic about the company's future, emphasizing strategic acquisitions and partnerships aimed at enhancing shareholder value. SinglePoint's listing on the Cboe BZX Exchange and its successful projects position it well for future growth and profitability.
SinglePoint, Inc. (OTCQB:SING) has signed an agreement to acquire 80.1% of Boston Solar, a prominent solar installer in New England. This acquisition is subject to an ongoing audit and financing, expected to finalize by early 2022. The strategic acquisition aligns with SinglePoint's focus on expanding its renewable energy and storage business, capitalizing on the growing solar market, which currently has only a 4% penetration. Boston Solar's projected revenue for 2022 exceeds $25 million, and its CEO will join SinglePoint to enhance synergies and operational efficiencies.
SinglePoint Inc (OTC: SING) subsidiary Box Pure Air has received its fifth purchase order from a North Carolina school district, which includes fewer than 20 schools. The district aims to improve ventilation by procuring portable HEPA air filtration units. CEO Ryan Cowell noted the increasing interest in their products designed for indoor air quality. The company provides both MESA and APEX air purification units, emphasizing the need for clean air in educational settings. Box Pure Air is advancing its business focus across multiple states, primarily targeting schools and public spaces.
SinglePoint Inc. (OTCQB: SING) announced its participation in the Virtual Investor Roundtable Event on November 16, 2021, at 3:00 PM ET. Wil Ralston, CEO, and Corey Lambrecht, CFO, will lead a presentation followed by a moderated discussion and Q&A session. Investors can submit questions live or in advance via virtualinvestorco.com. A live video webcast will be accessible on the Company’s Investors page, with a replay available for one year. SinglePoint aims to enhance sustainability through renewable energy solutions.
BOX Pure Air, a subsidiary of SinglePoint (OTC:SING), reports increased sales of its Apex 2.0 air purification unit, designed for large spaces like schools and gyms. Experts emphasize the importance of indoor air quality on cognitive function and health. The American Lung Association's recent guide highlights the negative effects of poor air quality, specifically in schools. In North Carolina, the implementation of BOX Pure Air units has reportedly led to reduced COVID cases in schools. The company aims to improve air quality and safety in public spaces.
SinglePoint's subsidiary, BOX Pure Air, has successfully secured sales agreements with various North Carolina public and private schools to provide air purification units. The demand stems from the need for improved indoor air quality amid the ongoing COVID-19 Delta variant concerns. Schools are ordering units like the Apex 2.0, effective in larger areas and conducive to enhancing ventilation in problematic spaces. As winter approaches, more orders are anticipated due to federal funding availability for air filtration upgrades.
SinglePoint Inc. (OTCQB: SING) has outlined key outcomes from its strategic review, emphasizing a focused approach toward renewable energy and indoor air quality. CEO Wil Ralston highlighted the potential for value maximization and growth, supported by a strengthened balance sheet and revitalized leadership. Core areas of focus include prioritizing people, enhancing sustainable practices, refining internal processes, and ensuring profitability. Subsidiaries like Direct Solar America and EnergyWyze are expected to drive individual and collaborative growth. A conference call to discuss these developments is scheduled for September 30, 2021.
SinglePoint Inc. (OTCQB: SING) announced a corporate update conference call and webcast on September 30, 2021, at 8:30 AM ET. The call will cover strategic priorities, updates on mission goals, and profitability strategies. Management will discuss advancements in customer acquisition for their brands, financing strategies for growth, and the company's outlook for 2022 and beyond. The event will be hosted by CEO Wil Ralston and CFO Corey Lambrecht, with options for live Q&A. Interested participants can join via phone or access the webcast here.
SinglePoint Inc. (OTCQB: SING) announced a $10 million equity financing agreement with GHS Investments, LLC, aimed at enhancing growth in renewable energy. The funding will support strategic initiatives in the company's subsidiaries, including Direct Solar America and Energy Wyze. SinglePoint's CEO, Wil Ralston, emphasized the importance of this capital for accelerating revenue and profitability. Recent operational highlights include new collaboration initiatives and increased guidance for solar revenue projections, targeting $20 million for FY2022.
SinglePoint Inc. (OTCQB: SING) announced that its subsidiary, Energy Wyze, has launched an AI bot technology for automating appointment bookings and lead generation in the solar industry. The AI technology improves user experience by enabling two-way conversations via text and social media, without needing direct contact with a representative. Energy Wyze plans to roll out this technology in several states, with projections of significant cost and time savings. With the increasing focus on solar energy, the company aims to support industry growth amid ambitious government plans for solar adoption.
On Sept. 9, 2021, SinglePoint's subsidiary, BOX Pure Air, announced orders for its Apex 2.0 air purification units to a North Carolina school, aiming to improve indoor air quality amid rising health concerns. The Apex 2.0 targets large spaces like libraries and gymnasiums, enhancing ventilation and reducing airborne pathogens. The model, priced at $5,399, claims substantial cost savings—approximately $40,000 over five years compared to multiple smaller units. With over $190 billion in federal funding for schools, BOX Pure Air anticipates increased demand and follow-up orders.
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