FocusPoint International Secures $20 Million Growth Capital Commitment to Expand Emergency SOS Solution
Summary
Recent partnership announcements with NTN (non-terrestrial network) communications company, Skylo and rugged smartphone maker Bullitt Group, who launched a satellite-enabled device with two-way messaging at this years CES show in Las Vegas, are helping to drive awareness of FocusPoints world-class ERaaS offering. "I have been continually impressed with FocusPoints exponential growth and ability to scale with seamless integration regardless of the size of the opportunity," said Darrell Parsons, Principal of Dalton Capital and Chairman of the Board of Directors. "This unique ability has positioned FocusPoint for unprecedented growth in the SEND market and aligns perfectly with our investment strategy at Dalton Capital," added Parsons.FocusPoint is an agnostic player in the world of cellular and satellite-enabled emergency SOS services. Customers simply pay a one-time annual fee and (when needed) activate the emergency SOS function on a connected device to trigger the lifesaving benefits of the Overwatch & Rescue plan. Overwatch & Rescue reduces and, in many cases, eliminates the financial exposure associated with a rescue.The growth capital secured by FocusPoint will be used to expand capacity and allow the company to take on new customers in the satellite-enabled emergency SOS space.