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Boxlight Makes Substantial Gains in Interactive Flat Panel Display Market
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LAWRENCEVILLE, Ga.--(BUSINESS WIRE)--
Boxlight Corporation (Nasdaq: BOXL), a leading provider of interactive technology, digital signage and software solutions, today announced that its Interactive Flat Panel Displays (IFPDs) are making strong gains in the market.
A recent third quarter 2021 report on the global IFPD market, provided by the market research firm Futuresource Consulting, reported that Boxlight made substantial gains around the world in both education and enterprise verticals. Under its brands Clevertouch and Mimio, Boxlight was the number one provider in many countries.
Our partner, ASI Solutions, continues to dominate Australia with Clevertouch as the bestselling IFPD in their market, owning 41% of the Q3 2021 market while the number two competitor owned a 10% share.
In the UK, we also became the number one IFPD brand with 20% market share in Q3 2021. The UK is a mature market and yet we continue to make notable gains.
Our Clevertouch partner, Unit DK, continues to lead with 22% of this year’s IFPD sales in Denmark. In South Africa, sales are booming with Interactive AV Solutions (IAVS), who also holds the number one position in their country.
In EMEA, we are the second largest provider under our Clevertouch brand for Enterprise collaboration IFPDs.
In the USA, we have increased our market share to nearly 8%, and we anticipate this to increase in future quarters as we continue to offer our robust portfolio of interactive solutions.
Worldwide, excluding China, we are the fifth largest IFPD provider and are now third in EMEA, ascending several positions past established brands.
Mark Starkey, President at Boxlight, comments, “Globally, excluding China, we are approaching 10% market share with our Boxlight brands, which is double the position from two years ago. We have become the go-to solution for interactive panels under our Clevertouch and Mimio brands that our customers trust.”
Note: All statistical information provided by Futuresource Consulting and based on interactive flat panel display sales for Q1-Q3 2021.
Boxlight Corporation (Nasdaq: BOXL) (“Boxlight”) is a leading provider of interactive technology solutions under its award-winning brands Clevertouch® and Mimio®. The company aims to improve engagement and communication in diverse business and education environments. Boxlight develops, sells, and services its integrated solution suite including interactive displays, collaboration software, supporting accessories and professional services. For more information about the Boxlight story, visit http://www.boxlight.com and Clevertouch, https://www.clevertouch.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.
boxlight brings powerful, integrated solutions that are unmatched in today’s education market. even more inspiring is where the company’s passion for learning will take educational technology, classroom educators, and students in the years ahead. founded in 1985, boxlight, a us owned and operated company, quickly became a leader in presentation technology, climbing inc. 500 lists and becoming synonymous with projection and display solutions for business, government, and education. mimio was founded in 1997 by way of five creative-thinking students at mit. by combining innovation with their passion for education, they created their flagship product, the ink capture system. in 2016, boxlight acquired mimio. together they are a leading global provider of technology in the classroom.
