SinglePoint Inc (OTCQB:SING) told investors that its BPA Solutions subsidiary launched its latest product, LifeShield+, on the BuyBoard Co-Op catalog on April 1 under contract ID 698-23 or keyword search BPA Solutions.
The company said LifeShield+ door panels and window shades are now available for point-and-click purchasing by thousands of BuyBoard customers nationwide, revolutionizing school health and safety.
SinglePoint explained that LifeShield+ is the only ballistic barrier product approved for purchase on BuyBoard using Elementary and Secondary School Emergency Relief/Emergency Assistance to Non-Public Schools (ESSER/EANS) funding, making it an affordable and easily obtainable safety solution for school districts.
READ: SinglePoint reports FY22 revenue of $21.8M, expects demand for its solutions to rise significantly
The company said it expects this achievement to unlock additional growth opportunities and add significant revenue through 2023 as it comes off a record 2022, reporting over $20 million in annual revenue. With over 8,000 members nationwide, of which approximately 3,000 are schools, BuyBoard represents a major opportunity for BPA Solutions as all members now have immediate access to BPA Solutions products, it added.
The BuyBoard network, which includes schools and government agencies, simplifies the purchasing process and provides access to a wide range of potential new customers.
"The launch of LifeShield+ products onto the BuyBoard platform is a terrific opportunity for BPA Solutions," BPC Solutions CEO Ryan Cowell said in a statement. "We believe this will drive awareness and, ultimately, sales, helping us grow in the Public Safety space. Most importantly, it will give BuyBoard customers, specifically schools, access to a practical safety solution to secure their buildings and protect students and staff.”
SinglePoint noted that BPA Solutions signed a one-year contract with BuyBoard with the option for two one-year extensions beginning in 2024. This award provides them access to the BuyBoard network and the industry-respected BuyBoard stamp of approval for LifeShield+, it said.
Contact the author at stephen.gunnion@proactiveinvestors.com