Boxlight (BOXL) Stock Runs for the Top on Samsung Partnership

Boxlight BOXL Stock News

Boxlight Corp (NASDAQ: BOXL) is flying in the market this morning, and for good reason. The company announced that it has entered into a partnership with Samsung. Here’s what’s going on:

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BOXL Stock Soars on Deal With Samsung

In the press release, Boxlight said that it has entered into a partnership with with Sasung Electronics America. Through the partnership, the two companies will bundle classroom displays, classroom software, and professional development for the education market.

BOXL went on to explain that these bundles combine Samsung’s display innovations with its OCTOPUS education software and online professional development courses. As a result, they offer teachers a complete solution that can be easily adopted to create an engaging learning environment for students.

Samsung’s display solutions include digital signage, interactive Flip 2 and QBH-TR displays. These will be combined with OCTOPUS software, which provides a presentation solution that offers subject specific tools for teaching.

The software also featurs assessment and polling functions, grading and reporting features, and personal device collaboration. Moreover, the professional development courses at BOXL provide training for both front of classrom Samsung displays and the OKTOPUS education software.

In a statement, Chris Mertens, Vice President of Sales at the Display Division of Samsung Electronics America, had the following to offer:

Schools are constantly looking for ways to better collaborate and Samsung is investing resources into the market to make new education technology possible. Through our partnership with Boxlight, Samsung is proud to usher in the next generation of education tools. Samsung and Boxlight solutions offer educators endless productivity possibilities by condensing multiple tools and innovations required for lessons as part of the education bundles that will be available later this year.

The above statement was followed up by Michael Pope, CEO at BOXL. Here’s what he had to say:

We are thrilled to partner with Samsung to provide education technology solutions that meet the needs for today’s teaching environment. Our bundles of classroom displays, education software and professional development allow teachers to stay focused on teaching, encourage students to accelerate learning, and provide district leaders confidence that their edtech investments make a difference. We look forward to expanding our relationship with Samsung to provide additional solutions for the education market.

This is Big News

The news released by Boxlight this morning proved to be overwhelmingly positive. The company entered into a partnership with one of the largest electronics companies in the world.

At the same time, schools are working to reopen. There’s a strong argument that digital learning within the classroom will help with social distancing in the school environment. If Samsung and BOXL work in that direction, demand could be overwhelmingly positive.

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