NetworkNewsBreaks – SinglePoint, Inc.’s (SING)

NetworkNewsBreaks – SinglePoint, Inc.’s (SING) Direct Solar and LUX Power to Co-Develop Commercial Solution for Illinois Office Park Complex

SinglePoint (OTCQB: SING) today announced that its majority owned subsidiary, Direct Solar America, has entered into an agreement with LUX Power LLC to co-develop a rooftop solar solution for the AET office complex as well as the on-site covered parking structures. One of many in the company sales pipeline, the project closely fits the strategic customer acquisition criteria developed by senior management. “Over the past nine months we have established a solid process of identifying commercial projects that meet our criteria and could benefit from our years of solar expertise. I am pleased we have closed this deal and looking forward to this being the catalyst that allows us to close the additional projects in our sales pipeline. Commercial is a much more involved process as the projects are typically more complex and the project sizes are dramatically larger than our traditional residential solar rooftop transactions. Ultimately this provides more revenue to the company per project which will help the company to continue to grow its top line revenue,” JT Turner, Direct Solar America’s Commercial Division Sales Manager, said in the news release. “Our Commercial Solar pipeline consists of small to mid-sized industrial and commercial projects as evidenced by this office complex project as well as several schools and other innovative municipal projects that can benefit from solar power generation.”

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