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Galaxy Next Generation (OTCQB:GAXY) announced a follow-on purchase order valued at $1.5 million from an OEM customer for 2,200 audio products aimed at the K-12 education market. This order complements an earlier order of 1,000 units. The supply agreement covers a total of 4,000 units in the first year, with options for renewal. CEO Gary LeCroy expressed optimism about the company's growth in the OEM division and ongoing relationships with strategic partners.
Galaxy Next Generation, Inc. (OTCQB:GAXY) announced it will file its annual 10-K report by September 30, 2020, detailing financial results for the fiscal year ending June 30, 2020. The company specializes in interactive learning technologies, primarily serving the K-12 education market, which comprises nearly 90% of its sales. Galaxy's product offerings include private-label touch screen panels and various communication devices, distributed through over 22 resellers across the U.S.
Galaxy Next Generation, Inc. (OTCQB:GAXY) has secured a commitment for up to $600,000 in Cov-Shield products from a large school district in southern Texas, which includes over 23,000 students and 1,400 teachers across 31 schools. This order amounts to 35,000 Cov-Shield units, aimed at ensuring a safe return to classroom learning as schools adapt to CDC social distancing guidelines. CEO Gary LeCroy emphasized the importance of their products in creating a protective classroom environment.
Galaxy Next Generation (OTCQB:GAXY) has secured a $172,000 contract from the Thompson County School District in Colorado for the construction of a new Pre-K-8th grade school. This contract extends Galaxy's existing agreement with the district, which has been ongoing since late 2019. Galaxy will install essential systems including paging, intercom, and clock systems throughout the new facility. This project highlights the company's expanding footprint in the education sector, emphasizing its land and expand business model.
Galaxy Next Generation, Inc. (OTCQB:GAXY) announced the successful installation of its Phoenix Bell and Intercom systems at six schools in Colorado, fulfilling prior contract obligations. The installations were completed in time for the new school year, highlighting the importance of communication solutions in educational settings. Galaxy's CEO, Gary LeCroy, emphasized the significance of these updates for a smooth transition back to school environments. This project reinforces Galaxy's commitment to providing interactive learning technology solutions, primarily for the K-12 market, which constitutes a substantial portion of its sales.
Galaxy Next Generation (OTCQB:GAXY) has successfully installed interactive panels at schools in Georgia and Florida, fulfilling a backlog generated due to previous shutdowns. The installations, totaling approximately $550,000 from Newtown County Schools and another local school, cater to around 20,000 students. CEO Gary LeCroy highlighted that the completed installations help generate cash flow, enabling the company to process further orders. This positive development comes as schools gradually resume in-person sessions.
Galaxy Next Generation (OTCQB:GAXY) announces a major contract with Hillsborough County Public Schools to supply 20,000 units of its Cov-Shield face shields. This significant partnership aims to ensure safe classroom environments as students and teachers return to schools in Florida. The contract highlights the growing demand for protective educational tools in compliance with CDC social distancing guidelines. Galaxy's CEO emphasizes the opportunity this presents during the crucial back-to-school period.