Boxlight Signs $10M Supply Agreement
May 20 2020 - 12:24PM
Business Wire
Reducing lead times by providing hardware
solutions on both coasts
Boxlight Corporation (Nasdaq: BOXL), a leading provider of
interactive technology solutions for the global education market,
today announced it has entered into a supply agreement and
strategic partnership with CEC Finance and Logistics to provide up
to $10 million of Boxlight hardware solutions in multiple US
warehouses.
The agreement between Boxlight and CEC will provide Boxlight
solutions, including interactive flat panel displays, in warehouses
located in Los Angeles and New Jersey, tightening delivery times
and increasing just-in-time delivery to customers throughout the
US. The partnership will also increase efficiencies for shipping
and logistics and decrease overall freight costs to customers.
“We are committed to meet the inventory demands of our business
and effectively fulfill customer orders,” said Hank Nance, COO
Boxlight. “This partnership allows us to continue to scale our
company by providing our solutions in various locations while
reducing travel time and shipping costs. We are very excited about
this partnership, and most importantly, improving our customer
experience.”
About Boxlight Corporation
Boxlight Corporation (Nasdaq: BOXL) (“Boxlight”) is a leading
provider of technology solutions for the global learning market.
The company aims to improve learning and engagement in classrooms
and to help educators enhance student outcomes, by developing the
products they need. The company develops, sells, and services its
integrated, interactive solution suite including software,
classroom technologies, professional development and support
services. For more information about the Boxlight story, visit
http://www.boxlight.com.
Forward Looking Statements
This press release may contain information about Boxlight's view
of its future expectations, plans and prospects that constitute
forward-looking statements. Actual results may differ materially
from historical results or those indicated by these forward-looking
statements because of a variety of factors including, but not
limited to, risks and uncertainties associated with its ability to
maintain and grow its business, variability of operating results,
its development and introduction of new products and services,
marketing and other business development initiatives, competition
in the industry, etc. Boxlight encourages you to review other
factors that may affect its future results in Boxlight’s filings
with the Securities and Exchange Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20200520005666/en/
Media Sunshine Nance +1 360-464-2119 x254
sunshine.nance@boxlight.com
Investor Relations Michael Pope +1 360-464-4478
michael.pope@boxlight.com
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