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Report Link: Updated Research Report (Dated 11/21/2019)
Analyst: John Nobile
Taglich Rating: Speculative Buy
Price Target: $3.50
Time Horizon: 12 Months
Rating Established: March 15, 2018
Price When Established: $4.00
Most Recent Report: November 21, 2019
Price When Issued: $1.55
Boxlight Announces Harold Bevis as Chairman and CEO
On January 14, 2020, Boxlight Corporation (NASDAQ: BOXL) announced that Harold Bevis has been named its Chairman and Chief Executive Officer. Mark Elliott, who had served as Chairman and Chief Executive Officer since September 2014, will continue to serve the company in the role of Chief Commercial Officer and Director.
Prior to accepting the position of CEO and Chairman, Bevis served as an independent director on Boxlight’s board of directors since March 2018. Bevis has more than 25 years of business leadership experience, including 15 years serving as a chief executive officer.
Bevis served as president of OmniMax International, Inc., and president and chief executive officer of Xerium Technologies, Inc. Bevis has led or directed a total of eight businesses in six different industries, with more than 150 operating facilities in 22 countries. MBA from Columbia Business School. BS in Industrial Engineering from Iowa State University. Bevis is a member of the National Association of Corporate Directors and has served on the boards of six companies.
Boxlight and Central Technologies Selected by Shelby County Schools as Approved Providers of Interactive Panel Displays
On January 9, 2020, Boxlight Corporation (NASDAQ: BOXL) announced that Shelby County Schools in Tennessee have chosen Boxlight’s ProColor flat panel displays for use in its classrooms. The district has also selected technology solutions provider Central Technologies as its approved provider of Boxlight’s interactive flat panel displays. This contract is expected to generate $1M in revenue for Boxlight.
Boxlight to Outfit Entire South Carolina School District with Interactive Flat Panel Displays
On December 18, 2019, Boxlight Corporation (NASDAQ: BOXL) announced that South Carolina’s Anderson School District One plans to partner with Boxlight in outfitting hundreds of classrooms with the latest interactive education technologies. Reseller Howard Technology Solutions will spearhead the installations.
The initial order is for 150 Procolor interactive flat panel displays. After the initial installation is complete, the district will install 500 Procolor panels.
The decision by the district to replace existing interactive technologies with Boxlight’s followed an evaluation with a number of other vendors.
Boxlight Corporation, headquartered in Lawrenceville, Georgia, is a designer, producer, and distributor of interactive classroom technologies for the global education market.
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