Boxlight Corporation (NASDAQ: BOXL) is a leading provider of technology solutions for the global learning market. Shares surged 47.02% on Thursday, January 3, 2019. Over the past three months, Boxlight has seen an average daily volume of 573,300 shares. However, on Thursday, 1,270,440 shares traded hands, equating to $2.43 million in dollar volume.
Shares jumped Thursday after Boxlight announced that the Charter School for Applied Technologies (CSAT) will install Boxlight’s ProColor 752 interactive flat panel displays in each of their classrooms. CSAT is the largest charter school in New York state, with 2,365 students currently attending. Installations of the LCD displays have already begun at CSAT and will continue into next fall. Alie Kuitems, CSAT’s technology integration specialist, commented, “In the end, while the features of the display boards captured our attention, it’s what we see in the classrooms that has us excited about our selection of Boxlight technology. Students are more engaged, even volunteering more to go to the board and show their work and we believe that will result in improved learning outcomes for our students, now and into the future.” Here is the full press release detailing CSAT’s decision to use Boxlight’s interactive displays in their classrooms:
Boxlight Corporation Press Release:
LAWRENCEVILLE, Ga.–(BUSINESS WIRE)–Dedicated to making ‘every day career day’, the leadership at the Charter School for Applied Technologies (CSAT) in Buffalo, NY have announced plans to install Boxlight Corporation’s (BOXL) ProColor 752 interactive flat panel displays in every classroom across three buildings for its 2,365 students.
Installations have begun in the elementary building and high school math classes, with the addition of 60 75” flat panel displays for all classroom including art, music and technology rooms. Each display panel includes MimioStudio for the creation and delivery of engaging lessons. Next fall, the middle school building will be equipped with the state-of-the-art, ultra-high definition LCD displays that provide 4K-clarity so that onscreen content is easier to see, even in large classrooms. The displays’ Touch 360° interactivity also features up to 20 single-touch points or 10 dual-touch for gestures — users can work simultaneously, driving collaborative learning.
CSAT’s Bob Shannon and Alie Kuitems, chief technology officer and technology integration specialist, respectively, began their search for new technology that would provide greater collaboration – an important 21st century workplace skill that stems from CSAT’s commitment to extensive career preparation for all students – beginning in Kindergarten.
“We also didn’t want to burden our teachers with something that wasn’t intuitive to use, added Kuitems. “It had to just hang on the wall, plug-and-play, and start on day one – and that’s what we have with Boxlight’s ProColor technology. Additionally, Shannon and Kuitems noted that the ease with which the award-winning MimioStudio™ classroom software opens third party content created in programs such as PDF, IWB and PowerPoint – all without the need of a time-consuming conversion process. “Boxlight’s software imported files better than their competitors’ did. That was crucial because our investment in existing lesson content is extremely important,” added Kuitems. They also appreciated the great sound system that’s included in the display panel so there is no need to purchase additional speakers in the classroom.
“In the end, Kuitems concluded, “while the features of the display boards captured our attention, it’s what we see in the classrooms that has us excited about our selection of Boxlight technology. “Students are more engaged, even volunteering more to go to the board and show their work and we believe that will result in improved learning outcomes for our students, now and into the future.”
About Boxlight Corporation: Boxlight Corporation (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.
Article By: Andrew Rego