Beam Communications Holdings Ltd. (ASX: BCC) has received further orders, worth more than $1.6 million (circa $2.5 million), to manufacture Iridium GO!® devices from Iridium Communications Inc. (NASDAQ: IRDM).
The new order for the pocket-size portable satellite hotspot is expected to be delivered across FY24 and FY25. Demand for the Iridium GO!, which was launched in 2014, remains strong, even following the recent introduction of the next-generation Iridium GO! exec® with faster data speeds in February of this year.
“We believe that the original Iridium GO! product will remain a popular choice for years to come, even as the Iridium GO! exec gains strong market traction. This is because both devices appeal to different groups of customers who will factor in size, functionality and affordability in their purchase decision. The Iridium GO! has been one of Beam’s most successful development projects to date and we are confident that this device, along with the new Iridium GO! exec, will continue to be key growth drivers for the Group.” — Michael Capocchi, Managing Director, Beam