Welcome to our dedicated page for Singlepoint news (Ticker: SING), a resource for investors and traders seeking the latest updates and insights on Singlepoint stock.
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) announced via its subsidiary BOX Pure Air the receipt of a nearly $2.0M purchase order from a North Carolina school district. This order involves implementing a comprehensive clean indoor air solution using the AirBox™ series, aimed at improving air quality in schools. The order marks BOX Pure Air's first large-scale implementation and reflects growing demand in educational institutions for effective air purification, driven by increased federal funding. The company anticipates further orders from other districts as air quality concerns rise.
SinglePoint Inc (OTCQB: SING) announced a business update regarding its subsidiary, BOX Pure Air, which focuses on improving indoor air quality. The company's acquisition of BOX Pure Air in March 2021 has led to increased demand for its AIRBOX air purification technology, particularly in the school sector. Federal funding exceeding $180 billion for schools is being allocated, with Texas recently receiving inquiries from over 30 schools for the AIRBOX solution. CEO Wil Ralston highlighted substantial potential for orders ranging from $5 million to $250 million in this sector.
SinglePoint's subsidiary, BOX Pure Air, announced new orders for its Apex 2.0 air purification units from schools in North and South Carolina. These repeat purchases indicate customer satisfaction and address concerns about air quality in high-density areas like cafeterias. The demand is driven by the need for improved indoor air quality amidst ongoing health challenges, including COVID-19, flu, and cold outbreaks. BOX Pure Air aims to support schools in creating clean air zones, expecting further orders as resources for school improvements are allocated.
SinglePoint Inc. (OTCQB: SING) will present at the Sequire CleanTech & EV Conference on December 6, 2021, at 1:00 PM ET. CEO Wil Ralston will lead this presentation, focusing on the company's renewable energy solutions and sustainable practices. Attendees can also schedule virtual one-on-one meetings with management. A video webcast of the presentation will be available on the SinglePoint website and archived for 90 days. The conference aims to highlight innovators in clean technology and electric vehicles.
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.