SinglePoint
Completes
Acquisition of Box
PureAir,
LLC to
Sell
AIRBOX,
an
American Made, High-Proficiency
Energy
Efficient Air
Purification
Technology
– Company
plans to leverage AIRBOX
to meet
the demand
for commercial
and industrial quality
air
purification systems
that significantly reduce pathogens, including SARS-CoV-2
(COVID-19) to
improve
and enhance ventilation and indoor air quality.
-The
American Rescue Plan passes, providing approximately
$130
billion
targeted towards reopening schools which includes
increased
ventilation and air filtration.
PHOENIX,
AZ -- March
09, 2021
-- InvestorsHub NewsWire -- SinglePoint
Inc. (OTC:
SING) ("SinglePoint"
or the "Company"), a company focused on providing renewable energy
solutions and energy-efficient applications to drive better health
and living, announced today it has completed the acquisition
of
Box
PureAir,
LLC which
was initially announced on February 25, 2021. With the acquisition
completed, SinglePoint plans to leverage Box
PureAir's
established
multi-state
exclusive and international rights to sell
AIRBOX:
an industrial grade, American
made, high-proficiency
energy-efficient air purification technology. Box
PureAir
has signed
exclusive master distribution rights for AIRBOX.
Box Pure Air now has over 200
reps through various partnerships in multiple states including
Florida, South Carolina, North Carolina, Oregon, Washington, and
Arizona. The company is headquartered in Charleston,
South Carolina and continues to focus on schools
and offices working towards returning to normal operations and
continues to deliver solutions across multiple
verticals.
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 PureAir has submitted bids in excess
of $50 million to schools across
Florida, North Carolina, Texas, and more.
As outlined in a
recent article, schools will need to spend
time and money improving airflow using HVAC systems, stand-alone
HEPA air filtering systems or even just by opening windows if
students, teachers and staff are to return safely to in-school
learning. "The state of ventilation in
schools in the United States right now is woefully
inadequate," Richard Corsi, Dean of the College of
Engineering and Computer Science at Portland State University, told
a forum
hosted by The Johns Hopkins Center for Health
Security at the Bloomberg School of
Public Health."[1]
The
American Society of Civil Engineers said nearly 41% of schools have
issues with HVAC systems, which is a "significant
concern."[2]
School facilities
(K-12) represent the second largest sector of public infrastructure
spending, after highways, and yet there is no comprehensive
national data source on K-12 public school infrastructure.
Available data indicates that 53% of public-school districts report the
need to update or replace multiple building systems including HVAC
systems. Meanwhile, public schools increasingly serve a secondary
function as emergency shelters and community resource facilities
during man-made or natural disasters, and facility upgrades are
needed to effectively fulfill this important community purpose.
Nearly 41% reported issues with HVAC systems, a significant concern
for facilities where children routinely spend eight hours a day. In
order to provide healthy and safe 21st century learning
environments, it is estimated that the nation should be spending
$87 billion per year on capital needs.[3]
"With poor ventilation, viral
particles can build up in the air in a classroom, cafeteria or
hallway. 'If you look at all the
high-profile
outbreaks -- same
underlying factors -- no masks, low ventilation. It doesn't matter
if it's spin class, ice hockey, camps, classrooms, choir practice
or restaurants, (it's) the same underlying
factors,' Joseph Allen, who directs the
Healthy Buildings Program at the Harvard T.H. Chan School of Public
Health."[4]
On Saturday,
March 6th,
Legislators
passed The
American Rescue Plan[5].
The American Rescue Plan is
designed
to help quicken
the United States' recovery from the economic and health effects of
the COVID-19 pandemic and the ongoing recession.
Within the
American Rescue Plan
is a
stated $130 billion
to safely reopen schools
across the nation, including ventilation
and improving indoor air
quality
(Indoor Clean Air,
"IAQ")
to create
safe indoor
environments
with clean air.
With the
continued focus on improving IAQ and ventilation,
Box
PureAir
is
committed
to providing a solution.
Box
PureAir
has options in
development for retrofit solutions into current HVAC systems that
will improve the existing system and provide world-class air
purification at reduced costs and necessary maintenance to these
systems.
"As a company, we are striving
to drive better living in health, primarily through providing
renewable energy solutions. We believe
clean air
is an
important expansion of our energy efficient environmental
platform. While different than solar,
we believe this acquisition represents a
synergistic opportunity and has the potential to meet the present
and growing demand for safe, cost-effective
solutions that provide a better air
quality environment to schools and commercial
businesses. As parents, we should all ask
ourselves if our children, teachers and
administrators are breathing safe air at school. We believe that the
AIRBOX
product line,
which was designed and engineered based off clean room
protocols can provide increased ventilation
and clean air to
all common area indoor environments including
schools. We now look forward to hitting the
ground running with the Box PureAir team to help reopen schools
and businesses and provide
confidence in the air quality in shared spaces," commented Wil
Ralston, President of SinglePoint.
AIRBOX's Dynamic Room Purge
Technology significantly enhances existing room ventilation systems
and can be installed in minutes. The AIRBOX technology purges
respiratory aerosols, including bacterial and viral pathogens, from
the Breathing Zone and has been scientifically proven to remove
>99.99% of all particles, including SARS-CoV-2 (COVID-19).
The Dynamic Room Purge Technology increases the air exchange rate
by 2-5 times, depending on the size of the room and the number of
AIRBOX Purifiers deployed, far exceeding ASHRAE air exchange
requirements of standard room ventilation systems alone.
AIRBOX is
regulated by the US Environmental Protection Agency and state
governments as a pesticidal device. Accordingly, AIRBOX air
purifiers are produced in an EPA-registered facility and packaged
and labeled in accordance with EPA regulations under FIFRA section
2(q)(1) and 40 CFR Part 156.
SinglePoint
and its
subsidiaries are transforming the traditional
solar energy model and is committed to growing its national
footprint to create a true national
network. With its initial focus on
solar energy, the SinglePoint is building a foundation for future
expansion opportunities including energy storage,
energy efficient
appliances and solutions that address remote power and
that provide
solutions for better, safer environments in the places we live,
work, learn and play. The Company has
previously
announced its intention to build a national
network of licensed installers that will leverage existing
offerings, increasing revenues and efficiencies related to
installation timelines but also have the ability to implement to
deploy solutions and or products that have consumer and small
business owner demand. Many of the solar installers
carry multiple licenses within each state including HVAC and
electrical in addition to solar.
The
Company is
leveraging synergistic acquisitions, products,
and partnerships
to generate revenue in the solar industry by providing renewable
energy solutions to consumers and small businesses.
The
Company plans to become the
single point for a customer's energy and efficiency needs, to drive
cleaner healthier living through environmental
improvement.
About
Box
PureAir,
LLC
Box
PureAir
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
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 and Twitter.
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 plans and objectives of the Company, the
spinoff of nonenergy related assets, qualification for a national
exchange, and future expansion, 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.
Technical
complications, which may arise, could prevent the prompt
implementation of any strategically significant plan(s) outlined
above. The Company undertakes no duty to revise or update any
forward-looking statements to reflect events or circumstances after
the date of this release.
Investor
Contact:
JTC Team,
LLC
Jenene Thomas
833-475-8247
SING@jtcir.com