Boxlight Corporation (NASDAQ: BOXL), global provider of classroom technology announced on Thursday the acquisition of Modern Robotics Inc., a Science, Technology, Engineering, and Math (STEM) education company with programming and robotics solutions designed for K-12 education. Modern Robotics’ current CEO, Stephen Barker, will fill the role of Vice President of STEM Education at Boxlight upon completion of the merger.
The combined company intends to spark a passion for technology in students and produce workplace-ready graduates. “We developed these robotics and coding tools to fulfill a need in education – to create more meaningful, hands-on learning opportunities in STEM for both teachers and students, and to make coding and robotics cool and not complex,” said Barker. “Now with Boxlight, we can take these products to the next level and distribute them on a global scale.”
Boxlight, founded in 1985, is expected to produce over USD 2 Million in robotics and programming revenues over the next year with gross profit margins exceeding 50%.
Earlier this month, Boxlight announced its spring webinar series designed to help teachers improve their professional skills. The Company will offer five free webinars covering topics that include: helping schools navigate bringing STEM and robotics into the classroom, and successfully incorporating technology in the classroom.
“Whether you are a science teacher looking to engage students in STEM or an administrator hoping to support your teachers as they learn new technologies, every educator will acquire useful knowledge to help bring their classroom to greater technology-driven heights.” said Mark Elliott, CEO of Boxlight.