Edison Nation Provides Update on Edison Nation Medical’s Sales Activity with Government Customers
August 04 2020 - 7:30AM
Edison Nation Medical, a division of Edison Nation, Inc., is
pleased to provide an update on its sales activity to government
based customers of the Company’s Personal Protective Equipment
(“PPE”) and its proprietary hand sanitizer, Purple Mountain Clean.
Since the launch of Edison Nation Medical during the first
quarter of this year, the Company has achieved the following sales
accomplishments:
- Received a three-year contract with a large US County, with two
twelve-month renewals, to deliver its private label Purple Mountain
Clean hand sanitizer as 1-Gallon Hand Sanitizer Gel and 1-Gallon
Hand Sanitizer Liquid.
- Participated in a state gown contract that has been partially
fulfilled as of the current date.
- Received and delivered the fulfillment of a state contract for
nitrile gloves.
- Received an order for protective cloth masks for 100 locations
within the Detroit Public Schools Community District.
- Received and delivered on multiple orders for protective masks
to a governmental agency in the State of California.
- Received and delivered on multiple orders for hand sanitizer
for multiple counties within the State of California.
As previously announced, through Global Clean
Solutions, LLC, the Company recently completed the formulation and
production of its private label hand sanitizer, Purple Mountain
Clean. Purple Mountain Clean is made in the USA, 70% ethyl alcohol,
is produced as fresh gel and spray formulas and is packaged in
multiple sizes ranging from a 2oz gel push cap up to a 275-gallon
tote.
“With our current sales pipeline comprised of
commercial and government contracts, we have sales in all stages
from initial request for quotations, awarded contracts and
confirmed sales in varying stages of delivery,” said Edison Nation
Chief Executive Officer Chris Ferguson. “We are pleased with the
initial results of our growing Personal Protective Equipment and
hand sanitizer business and look forward to continued growth.”
Edison Nation Medical
The Company’s medical division, Edison Nation
Medical, has launched its online portal for hospitals, government
agencies and distributors to access its catalog of Personal
Protective Equipment. The site can be found
at www.edisonnationmedical.com.
About Edison Nation, Inc.
Edison Nation, Inc. (EDNT), is a multifaceted
ecosystem which fosters innovation and drives IP, media and
consumer products. Edison offers innovation sourcing, product
design, sales, manufacturing, and fulfillment services. Edison
Nation’s model is to source innovative ideas to launch internally
or license to brand partners. Edison Nation hopes to leverage its
television property, Everyday Edisons, to become the recognized
leader in the innovator community. For more information, please
visit www.edisonnation.com.
Forward-Looking Statements
This press release contains forward-looking
statements that involve substantial risks and uncertainties. All
statements, other than statements of historical facts, included in
this press release regarding strategy, future operations and plans,
including assumptions underlying such statements, are
forward-looking statements, and should not be relied upon as
representing the Company's views as of any subsequent date. Such
forward-looking statements are based on information available to
the Company as of the date of this release and involve a number of
risks and uncertainties, some beyond the Company's control, that
could cause actual results to differ materially from those
anticipated by these forward-looking statements, including
consumer, regulatory and other factors affecting demand for the
Company's products, any difficulty in marketing the Company's
products in global markets, competition in the market for consumer
products, any inability to raise capital to fund operations and
service the Company's debt. Additional information that could lead
to material changes in the Company's performance is contained in
its filings with the SEC. The Company is under no obligation to,
and expressly disclaims any responsibility to, update or alter
forward-looking statements contained in this release, whether as a
result of new information, future events or otherwise.
Investor Relations: Aimee Carroll
Phone: (484) 893-0060
Email: Investors@edisonnation.com
Edison Nation (NASDAQ:EDNT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Edison Nation (NASDAQ:EDNT)
Historical Stock Chart
From Apr 2023 to Apr 2024