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Beam Communications (ASX:BCC) launches ZOLEO in UK & Europe

ASX News, Telecommunication
ASX:BCC      MCAP $13.39M
03 May 2022 12:28 (AEST)

Source: Zoleo.com

Beam Communications’ (BCC) joint venture entity ZOLEO has launched its solution in the UK, Denmark, Finland, Sweden and Norway.

The launch into these countries is said to be significant for the company given the total population of these five countries exceeds 94 million.

ZOLEO will be sold directly via the ZOLEO website and Amazon.co.uk, with Beam to receive 50 per cent of the profit from European subscribers.

Distribution across Denmark, Finland, Sweden and Norway will be managed by Beam’s authorised distributor, CIRDAN.

The ZOLEO device will be priced at €269 (A$399) in Europe and £209 (A$369) in the UK, with monthly subscriptions ranging between €20 to €60 in Europe, and £18 to £58 in the UK.

ZOLEO connects with phones and tablets to provide seamless global messaging that can work both in and out of mobile coverage zones. Users can message over satellite, cellular or wifi.

It also has SOS alerts which are monitored 24/7 and GPS locations that can be shared with others.

“We are pleased to partner with ZOLEO to bring its innovative global messaging solution to consumers in the Nordic region,” CIRDAN Managing Director Arne Pedersen said.

“For smartphone users that venture beyond mobile coverage, ZOLEO is a game-changer. The small, durable ZOLEO device works with the free ZOLEO app on users’ smartphones to provide global messaging, SOS alerting, check-in, location-sharing and on-demand weather forecasts at a very affordable price point.”

Beam was down 5.97 per cent on the market with shares trading at 31.5 cents at 2:00 pm AEST.

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