- The newly developed ShieldSaver app simplifies windshield changes and the selection of reputable service providers in the automotive glass industry
- In an underserved market, the app is providing customers with opportunities that were previously unavailable
- The automotive glass industry is anticipated to continue growing rapidly in the years to come after reaching $12 billion in 2017
ShieldSaver, a subsidiary of technology and investment company SinglePoint Inc. (OTCQB: SING), recently announced the launch of a new mobile app for the automotive glass space (http://nnw.fm/9Rr5l). Currently, ShieldSaver is operational at Sacramento International Airport and Wally Park’s Denver International Airport.
SinglePoint acquired ShieldSaver in 2018 with the goal of disrupting the $12 billion automotive glass industry. The ShieldSaver platform went through a complete overhaul that took nine months to complete. This transformation contributed to one of the most sophisticated automotive glass space apps, as SinglePoint CEO Greg Lambrecht noted in a video interview.
According to ShieldSaver founder Dan Shikiar, the market is underserved and the new platform provides opportunities that weren’t available before. The app has the potential to expand beyond the vertical of the automotive repair market, Lambrecht added. The model for the app development mirrors the concept behind successful platforms like Airbnb and similar sales aggregators that give customers full control over the experience.
ShieldSaver gives customers access to free same-day or next-day mobile service, OEM quality glass and a lifetime warranty on workmanship. The installation is provided by certified glass technicians, and, according to the official presentation, the app ensures complete transparency. The use of the app removes the middleman from the equation, resulting in faster and, quite often, more affordable windshield replacement services than the offers provided by big competitors.
Following the launch of the ShieldSaver app, SinglePoint and ShieldSaver intend to develop a blockchain solution with the aim of appending its data. The introduction of blockchain technology is expected to simplify access to and retrieval of important information for all interested parties.
In 2017, the automotive glass market exceeded $12 billion dollars, and it is expected to grow at a CAGR of seven percent until 2024 (http://nnw.fm/iW1ew). Some reports suggest that the automotive glass market will reach $23.59 billion by 2025. Increased vehicle production and sales, novel safety regulations and the demand for advanced glass technologies (smart glass, for example) are all projected to contribute to the massive growth (http://nnw.fm/Q6gCF).
To ensure consistent service provision and a solid presence in this ever-growing market, ShieldSaver has entered into strategic partnerships with some of the largest companies in the automotive glass space. The partner network features reputable names like Wally Park, Mygrant Glass, LAZ Parking and various others.
SinglePoint specializes in the acquisition of small and mid-sized companies that operate in new technological fields. These acquisitions provide opportunities for investment across a wide range of assets, including payment solutions, cannabis brands, blockchain technology developers and more. Through acquisitions into horizontal markets, SinglePoint is building a solid portfolio that ensures a rich and diversified holding base.
For more information, visit the company’s website at www.SinglePoint.com
NOTE TO INVESTORS: The latest news and updates relating to SING are available in the company’s newsroom at http://nnw.fm/SING
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