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Beam Communications (ASX:BCC) - Managing Director, Michael Capocchi - The Market Herald
Managing Director, Michael Capocchi
Source: The Australian
  • Beam Communications has secured a third order from ZOLEO Inc. for 5000 of its ZOLEO devices
  • The company has also received a $300,000 order from Station Satcom for its Inmarsat terminals and accessories
  • ZOLEO is a global messaging device that can send messages from outside of mobile coverage
  • ZOLEO has received strong demand in North America with many sales coming from its Canada-based joint venture partner, Roadpost Inc.
  • Beam's shares are up 38.7 per cent and trading for 21.5 cents each at market close

Beam Communications (BCC) has secured further orders for ZOLEO and its Beam-branded equipment.

Specifically, Beam received a third order for 5000 units of its ZOLEO devices from its joint venture (JV) entity, ZOLEO Inc.

ZOLEO is a global messaging device that can send messages from outside of mobile coverage. It also has SOS emergency features and a 200-hour battery life which is suitable for people in remote areas.

The latest order for ZOLEO is expected to be delivered by October and follows the second order of 5000 units that was announced on June 1.

Beam has also confirmed the first batch of 1250 ZOLEO devices from the second order was shipped in June to Beam's JV partner Roadpost Inc. in Canada as its inventory was depleting.

Positively, most of the ZOLEO devices held by Roadpost have already been sold directly to consumers or to its retail channel partners, which includes Cabela's Canada as well as for Amazon.

ZOLEO sales have garnered strong demand in North America, however, interest in Australia has slumped in comparison.

"The disruption caused by the COVID-19 pandemic had a larger impact on the sales of ZOLEO in Australia due to our strict social restrictions here, but there has been a notable pick-up in interest for our proprietary global messaging solution in the last month or so," CEO Michael Capocchi said.

Beam-branded equipment

Beam has also received a new order for its Inmarsat terminals and accessories valued at $300,000 from Station Satcom. This follows its successful tender for a significant Indian government project.

Station Satcom is currently tendering for various other government projects. Beam will receive further orders from its reseller partner once there is a successful applicant.

At this stage, Beam terminals and accessories are the only devices, along with the Inmarsat handset that are approved for sale in India using the Inmarsat GSPS service.

Beam's shares are up 38.7 per cent and trading for 21.5 cents each at market close.


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