Cleantech Podcast – CEO of SinglePoint Inc. (CBOE: $SING) Talks about Growth
Strategy for Solar and Indoor Air Quality Markets; @_Singlepoint_
The Sky is the Limit
January 17, 2024 - Investorideas.com, a global news source and leading investor
resource covering cleantech stocks issues a new edition of its Cleantech Podcast, featuring an exclusive interview with Wil Ralston, CEO of
SinglePoint Inc. (CBOE: SING).
Wil
discusses the recent corporate
milestone of listing on the CBOE and his growth strategy for 2024 for their two
primary industry targets, solar and indoor air quality.
Listen to the Podcast:
https://www.investorideas.com/Audio/Podcasts/2024/011524-Cleantech-SING.mp3
Read this newsletter, featuring SING in full at https://www.investorideas.com/news/2024/cleantech-podcasts/01171Interview-SinglePoint.asp
Listen
to the cleantech and climate change podcast on Spotify
Ralston told Investor Ideas, “SinglePoint Inc. has been focused for the last two
years in the solar and renewable energy markets, as well as indoor air quality.
We've had massive governmental tailwinds for these industries that really set
the stage for the next decade. The Inflationary Reduction Act (IRA) puts a
tremendous amount of tax credits towards clean energy and renewable projects.
In addition we benefit from the federally funded $121 billion that drives
indoor air quality solutions for K through 12 schools across the country. So these
are our main two focuses right now.”
“On the solar side, we're really looking at the
acquisition and roll up strategy to become the first truly national installation,
engineering, procurement business across the United States.”
Talking about the recent uplisting and resulting
potential for the company moving forward, he said, “We are the first US listed
company on CBOE and it's an extremely exciting time. It's a brand new exchange,
but they've operated for many years in the options and ETF markets. They decided in June this year that they were
going to open an equity side to compete with NASDAQ and NYSE. Being the first
listed company on CBOE is a great milestone.”
“If you zoom out, it wasn't that long ago that we
were a sub $1 million revenue company, less than two annual reporting periods
ago. We were a small revenue generating business. Now within that time, we've
gone from nominal revenue of sub $1 million to $17 million, to $24 million. And
we expect to grow on top of that again this year.”
“They are a tier- one exchange and trade over $1.8
trillion a day through their exchange. and it gives us the credibility,
notoriety and the name of being listed. And that's an extremely important
factor.”
Talking about his growth strategy for solar he states,
“The strategy that we've been defining is really focused on acquisitions and
roll up of the number one, number two and number three companies in a region.
Solar is highly region dependent and even very fragmented within those regions.
So you have to have a great understanding of the market. We are seeking
businesses that operate with a history of growing revenue, a history of
profitability and great bench strength within the business. So our strategy is
to find and identify these companies, make the acquisition, allow them to
maintain their brand, their company, their people and everything that they're
doing to be successful. We will be able to provide the back end infrastructure.
And as we grow, we'll get more purchasing power.”
Discussing the air quality market opportunity,
Ralston shows his excitement and passion for its potential, “I consider our air
quality business subsidiary, Box Pure Air, as our X factor. There are multiple
states, New York being one, which purchased $70 million worth of equipment from
one vendor. We have the opportunity to be one of those contracts.”
“We have the most up-to-date, best engineered unit
on the market that already meets all the standards; UL listed, EPA certified
Department of Education certified and compliant. The reason for that is the
engineer behind it actually develops and engineers clean rooms for
semiconductor manufacturing facilities. So there is a unique and understanding
of how to clean air in rooms.”
“We're really excited about both industries; decade
long opportunities that we're executing on right here and now.”
About SinglePoint Inc (CBOE: SING).
SinglePoint Inc., the first-ever U.S.-listed
Company on CBOE Global Markets BZX Exchange, is a renewable energy and
sustainable lifestyle company focused on providing environmentally friendly
energy efficiencies and healthy living solutions. SinglePoint is 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 healthier life. For more
information, visit the Company's website (www.singlepoint.com ) and connect on social media for the latest
updates.
If you would like to be a guest on this podcast and
tell your story please call me at 800 665 0411 or reach out at Linkedin
Visit the Cleantech and Climate Change Podcast page at Investorideas.com
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