Beam Communications (ASX:BCC) - Chairman, Simon Wallace
Chairman, Simon Wallace
Source: Watson Wallace
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Beam Communications (BCC) has received orders for 12,000 extra ZOLEO devices manufactured under its joint venture entity
  • The additional order from ZOLEO Inc. comes less than a month after its last order for the communication device
  • The first 9000 units of the order are scheduled to be delivered and invoiced during the fourth quarter of FY2022, while the balance will be shipped at the start of FY2023
  • The total number of devices ordered from Beam since its launch in early 2020 now stands at 115,225 devices
  • Beam Communications is up 3.08 per cent, trading at 33.5 cents at 3:00 pm AEDT

Beam Communications (BCC) has received orders for 12,000 extra ZOLEO devices manufactured under its joint venture entity.

The additional order from ZOLEO Inc. comes less than a month after its last order.

Headquartered in Toronto, ZOLEO is Beam and Roadpost’s 50:50 joint venture, focused on developing lower-cost, consumer-oriented global messaging solutions.

ZOLEO is a safety device which gives the user reliable and constant connection, designed for extreme adventuring, remote hideaways, unfamiliar countries, or cruises. The ZOLEO device connects with phones and tablets to provide global messaging that can work both in and out of mobile coverage zones, enabling users to message over satellite, cellular or WiFi.

The first 9000 units are scheduled to be delivered and invoiced during the fourth quarter of FY2022, while the balance will be shipped and invoiced at the start of FY2023.

ZOLEO said it’s continuing to see strong interest from its retail partners and distributers for the global messaging device.

Furthermore, it believes that as the travel industry continues to reopen around the world, demand will increase for the pocket-sized communicator.

The total number of ZOLEO devices ordered from Beam since it was launched in early 2020 now stands at 115,225.

Beam Communications was up 3.08 per cent, trading at 33.5 cents at 3:00 pm AEDT.

BCC by the numbers
More From The Market Herald
The Market Herald Video

" Security Matters (ASX:SMX) enters into $2m standby equity facility

Security Matters (ASX:SMX) has entered into a standby equity deed with Evolution Capital.
The Market Herald Video

" Archer Materials (ASX:AXE) secures Hong Kong patent for quantum computing chip

Archer Materials (ASX:AXE) announces the grant of a Hong Kong patent for its 12CQ quantum computing…

" Way2VAT (ASX:W2V) secures additional $300k in private placement, closes SPP early

Way2VAT (W2V) secures an additional $300,000 from Moneta Seeds in a private placement at 5.1 cents…
Spectur (ASX:SP3) - Managing Director, Gerard Dyson

" Spectur (ASX:SP3) raises $1.15m in SPP

Spectur (ASX:SP3) has raised $1.15 million through a security purchase plan (SPP) and shortfall offer.