Director Solar, a subsidiary of SinglePoint, Inc. (OTCMKTS:SING), is gaining new business in 2020 with its sales, and marketing initiatives begin to offer more leads. The company developed a new contract last week because of improvements in customer service, efforts of canvassing teams, and partnership channels.
Posts impressive gains
Founder and Chief Executive Officer of SinglePoint, Greg Lambrecht, said the company is committed to improve the business of Direct Solar and continue the development. With states quickly introducing incentives, the company will act quickly and explore the viability to decide to roll out new teams in that region. Solar is a hot topic and the driving factor and helps the company to expand its business rapidly. Direct Solar has posted revenues of $2 million in the last six months.
SEIA declares 2020 as the solar decade
SEIA (The solar energy industries association) has declared 2020 as the solar decade. Abigial Ross Hopper, Chief Executive Officer, and President, the solar industry, will be the main source of energy this decade. Clean energy technologies such as solar will improve economies and reduce green gas emissions. The solar installations in the US in Q1 2019 have exceeded 2 million.
The solar installations are expected to increase to 3 million next year and 4 million in 2023. It is on the backdrop of improved environmental awareness and reduced installation costs. Renewable solar energy is economical and a substitute for conventional energy sources.
SinglePoint appoints a new CFO
SinglePoint has appointed Corey Lambrecht as the Chief Finance Officer to support revenues expansion. The company will also focus on expanding the footprint for Direct Solar. He also invested in LifeStyle Wireless before joining SinglePoint. Corey also served on the board of LifeStyle after it gets merged with Carbon Credits International.
President of SinglePoint, Wil Ralston, said the company is excited to welcome Corey, who has a broad experience, to support its existing management team and improve shareholder value. He said Corey has a solid experience in strategic acquisitions, sustainability, and new business development. Corey’s presence will help to scale up the solar business. The recently acquired Direct Solar continues to provide promising results.
