BEAM RECEIVES ADDITIONAL ORDERS FOR 12,000 ZOLEO UNITS
MELBOURNE, AUSTRALIA, 25 October 2021: Beam Communications Holdings Ltd (ASX: BCC) is pleased to announce that it has received additional orders for 12,000 extra ZOLEO devices in total from its joint venture (JV) entity, less than a month after the previous order.
The first 9,000 of these units are scheduled to be delivered and invoiced in 4QFY2022, while the balance will be shipped and invoiced in 1QFY2023.
ZOLEO Inc. continues to see strong interest from its retail partners and distributors for the unique seamless global messaging device and believes that the ongoing reopening of the travel industry around the world will further drive demand for the pocket-sized communicator.
ZOLEO is not only for extreme adventurers needing a safety device and a reliable and constant connection to friends and family. Anyone planning to escape to a remote hideaway, an unfamiliar country or a cruise will also find the service invaluable.
The total number of ZOLEOs ordered from Beam since its launch in early 2020 now stands at 115,225 devices.
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Brendon Lau
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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 www.satphoneshop.com. For more information, visit www.beamcommunications.com.
About ZOLEO Inc.
Formed in 2018 and headquartered in Toronto, Canada, ZOLEO Inc. is a joint venture between Beam Communication Pty. Ltd. and Roadpost Inc. that is pioneering the development of innovative lower cost, consumer-oriented global messaging solutions, including innovative wireless devices and apps based on Iridium short burst data (SBD), cellular and Wi-Fi standards. The company serves three primary markets including consumers residing on the fringe of cellular coverage, outdoor recreation and lone worker safety. Its products are offered through authorised retailers in the US, Canada and Australia. Roadpost is responsible for retail distribution in North America and Beam is responsible for the Asia Pacific region. Staged distribution in other regions will be jointly managed. For more information visit www.zoleo.com.