“If you want to go fast, go alone. If you want to go far, go together.” — Steve Jobs
This year has been quite an eventful one for WeShield! The launch of our brand in response to the worldwide pandemic and driven by a desire to help the community by creating sourcing and supply chain solutions that more efficiently met the needs of those working on the front lines has created unprecedented opportunities.
Last month’s announcement by OPTEC International that they had acquired WeShield continues to bring innovation to all we serve. Any acquisition creates change, and both OPTEC and WeShield are excited about a promising future that allows for additional expansion and product development.
This growth and expansion will include a purchasing division led by WeShield: “WeShield Together,” a collaboration consisting of over 25 commodity-based sales organizations and brokers. This newly formed group will utilize the expertise of WeShield to decrease cost while increasing the effectiveness of overburdened domestic and international supply chains by streamlining inefficient sourcing methods. While still in the planning stages, both OPTEC and WeShiled project this new division to increase revenue by $25 million by the end of 2021.
WeShield CEO Michael Sinensky commented:
The pandemic brought out the best in so many entrepreneurs who pivoted away from their devastated companies to help bring the supply chain back for essential organizations who protected us from our common invisible enemy. We are now coming together to help many of these new and old commodity-based sales companies lower their purchasing costs by pooling our resources and allowing WeShield and its experience with global sourcing to represent them. The bottom line savings due to our collective buying power will be another large revenue stream, split between the pool participants and WeShield. This new division further proves that WeShield has become the go-to for many organizations for all their sourcing needs.
Optec CEO Roger Pawson added:
We see only the beginning of the growth and results from the WeShield acquisition. In less than a month since they have joined the OPTEC family, we have seen extraordinary effort from our new partners to keep moving the needle higher for expected growth. We can only imagine the potential we can see together after a few years.
Both WeShield and Optec International are excited for the anticipated growth “WeShield Together” will bring to the companies and community they serve.
About OPTEC International, Inc.: With Locations in Carlsbad and Vista, California, OPTEC International is a developer and manufacturer of electronic LED, Ultraviolet (UV) & UV-C safety products and related advanced technologies and PPE (Personal Protection Equipment) products. The Company’s Safe-Scan product line is being launched when HR directors and facilities managers are experiencing an extreme concern for keeping environments safe during the global pandemic crisis and the safe reopening of the U.S. economy. For more information, visit: www.optecintl.com
Safe Harbor Statement: Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Opti, OPTEC or its management ‘believes,’ ‘expects,’ ‘anticipates,’ ‘foresees,’ ‘forecasts,’ ‘estimates,’ or other words or phrases of similar import. Similarly, statements herein that describe the Company’s business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.