US$12m Agreement with Iridium for New Iridium Certus® Device

MELBOURNE, AUSTRALIA, 7 June 2022:  Beam Communications Holdings Ltd (ASX: BCC) is pleased to announce: US$12M AGREEMENT WITH IRIDIUM FOR NEW IRIDIUM CERTUS® DEVICE

Beam Communications Holdings Ltd (ASX: BCC, “Beam” or the “Company”) is pleased to announce a binding contract with Iridium Communications Inc (NASDAQ: IRDM) for the development and supply of a new Iridium Certus® device that is scheduled for launch later this year.

This agreement includes a minimum order for the devices from Beam’s long-standing partner, Iridium, that will generate at least US$12 million (or more than AU$16 million) in revenue for the Company within the first five years.

First deliveries of the device are scheduled for the second half of calendar 2022, although as with any development project this is subject to change due to factors outside Beam’s control. Beam will provide more information following the commercial launch of the product by Iridium.

Yours faithfully,
Dennis Payne
Company Secretary

For media and investor enquiries please contact:
Brendon Lau
e: This email address is being protected from spambots. You need JavaScript enabled to view it.
m: 0409 341 613

About Beam Communications Holdings Limited
Beam Communications Holdings Limited is an Australian publicly-listed company (ASX:BCC) that specialises in the design, development, manufacture and distribution of satellite, cellular and dual-mode equipment applications and services. Beam has developed several world-first innovations and its products and services are adopted by some of the world’s largest satellite and telecommunications companies, such as Iridium, Telstra, KDDI, Inmarsat and Thuraya. Beam also developed the multi-award winning ZOLEO device, which generates recurring subscription revenues for the Group. Beam Communications Holdings Limited owns 100% of Beam Communications Pty Ltd and SatPhone Shop Pty Ltd For more information, visit