SinglePoint Inc. Subsidiary, BOX Pure Air, Driving Toward Position as a Leader in Providing Safe, Clean Air Zones to Improve Overall Indoor Air Quality

Rhea-AI Summary

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.

Positive

• Significant federal funding of approximately $180 billion allocated for schools, enhancing demand for BOX Pure Air products.
• Recent inquiries from over 30 schools in Texas for AIRBOX solutions indicate strong market interest.
• Potential for substantial revenue generation, with projected orders ranging from $5 million to $250 million within the school vertical.

Negative

• Bureaucratic delays exist within school districts that may hinder timely deployment of products.

PHOENIX, Dec. 22, 2021 /PRNewswire/ -- SinglePoint Inc (OTCQB: SING) ("SinglePoint" or the "Company") and its subsidiary BOX Pure Air, a company dedicated to creating safe, clean air zones to improve overall air quality and general health, today provided a business update and outlined key highlights of its strategic initiatives to generate long-term value.

SinglePoint completed its acquisition of BOX Pure Air in March, 2021. Since the acquisition, the Company has been driving BOX Pure Air's established multi-state exclusive and international rights to sell AIRBOX: an industrial grade, American made, high-proficiency energy-efficient air purification technology to meet the growing demand for improving indoor air quality. BOX Pure Air is headquartered in Charleston, South Carolina and continues to deliver solutions across multiple verticals. BOX Pure Air has delivered multiple purchase orders and reorders within the school vertical to multiple states as administrators and facility managers look to create safer air zones for staff and students.  There has been nearly $180 billion in federal funding allocated to schools which is still in the process of being distributed and deployed at the regional, district or local levels.  The Company believes order value and velocity will significantly increase over the next few months and BOX Pure Air has already seen activity (proposals) ramp up over the past few weeks. Texas is the most recent state to receive and allocate federal funds, in just the first week the Company has had over 30 schools inquire on the AIRBOX solution.

"Clean, quality air is not just a COVID issue. Indoor air quality has been brought to light because of COVID, but it has been and will continue to be an issue that needs to be addressed. When we decided to acquire BOX Pure Air, we saw a significant opportunity to provide safe, clean air zones with a differentiated product that meets all the necessary certifications," commented Wil Ralston, CEO of SinglePoint. "Since the acquisition, the value and potential of BOX Pure Air has continued to grow exponentially. With the repeat orders BOX has secured and increasing purchase order interest in schools, coupled with the added government funding that is started to be unlocked, we expect to gain significant momentum. The recurring orders we are seeing show a tremendous amount of promise and bolsters our confidence in the important piece of our business. The near term opportunity is hard to quantify, we could see $5M in orders or $250M in orders just harvesting the active opportunities within the school vertical. One medium to large school district could easily place a purchase order exceeding $50M and we have been and are in continuing discussions with several small, medium and large districts.  We are well positioned to deliver our Industrial and Commercial grade Certified HEPA Air Purification units to create safer indoor air environments in the places we gather whether it be at work, at school or even at home which is a massive emerging opportunity for SinglePoint and its shareholders."

AIRBOX products are designed, built, and certified to government standards, and meet the FDA's enforcement policy guidelines for air purifiers during COVID-19, as well as Department of Education (DOE) requirements, and OSHA, CDC, and ASHRAE conformance. AIRBOX is UL listed and uses only CERTIFIED HEPA filters in all its Safe Air Plan applications. To date, BOX Pure Air has submitted bids in excess of $50 million to schools across Florida, North Carolina, Texas, and more.

"There are a lot of things happening behind the scenes in order to bring the potential of BOX Pure Air fully on-line. There is bureaucracy within the school districts that we continue to work through, and we are starting to see those efforts come to fruition. BOX Pure Air really represents a massive opportunity for SinglePoint that we believe will drive significant revenues for the foreseeable future," added Mr. Ralston.

School districts are interested in providing cleaner air quality in areas of the building where it can be difficult to enforce social distancing. In addition to COVID, the common cold and flu often rapidly spread throughout schools during the winter months. This causes many students and faculty undue missed days of school impacting both the child's education and their families at home. For these school districts, the BOX Pure Air Apex 2.0 units can act as another layer of defense during non-ideal situations. Based on the evidence of positive impact from the Apex 2.0 units that were previously purchased, the school districts that have purchased BOX Pure Air products trust the results and see potential for additional benefit. 

Based on the feedback received to-date and the growing need in indoor air quality obstacles, the Company expects to see more orders from schools in the Carolinas and beyond.

About BOX Pure Air, LLC

BOX Pure Air strives to provide the best products to help clean air through the deployment of high-efficiency air purification technologies. Learn more at www.boxpureair.com

BOX Pure Air is a subsidiary of SinglePoint, Inc. (OTCQB: SING)

Contact Information:

info@boxpureair.com
(843) 936-6649

About SinglePoint Inc.

SinglePoint Inc. is a renewable energy and sustainable lifestyle company focused on providing environmentally friendly energy efficiencies and healthy living solutions. SinglePoint is initially focused on building the largest network of renewable energy solutions and modernizing the traditional solar and energy storage model. The Company is also actively exploring future growth opportunities in air purification, electric vehicle charging, solar as a subscription service, and additional energy efficiencies and appliances that enhance sustainability and a healthier life. For more information, visit the Company's website (www.singlepoint.com) and connect on LinkedIn,  Twitter, Facebook, and YouTube. 

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Investor Contact:

JTC Team, LLC
Jenene Thomas
833-475-8247
SING@jtcir.com

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SOURCE SinglePoint Inc.

FAQ

What is SinglePoint Inc's recent business update regarding BOX Pure Air?

SinglePoint Inc announced increased demand for its BOX Pure Air subsidiary's AIRBOX air purification technology, particularly in schools, following a significant allocation of federal funding.

How much federal funding has been allocated to improve indoor air quality in schools?

Approximately $180 billion in federal funding has been allocated to schools to enhance indoor air quality.

What potential order value is expected for BOX Pure Air's solutions in schools?

The potential order value for BOX Pure Air's solutions could range from $5 million to $250 million, especially within school districts.

How many schools in Texas have inquired about AIRBOX solutions?

Over 30 schools in Texas have inquired about AIRBOX solutions following the allocation of federal funds.

What challenges does SinglePoint face in deploying BOX Pure Air products?

SinglePoint faces bureaucratic delays within school districts that may affect the timely deployment of BOX Pure Air products.