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- Nasdaq-listed Iridium Communications launches its ‘Iridium GO! exec’ product in partnership with Beam Communications (BCC)
- Beam was chosen as the original equipment manufacturer (OEM) for the development of the new innovative and portable satellite hotspot
- The Iridium GO! exec product offers 40 times faster download and 10 times faster upload speeds than the original Iridium GO!
- Based on early demand, Beam expects the previously-announced $20 million initial order to be exceeded
- Shares in Beam Communications are up 4 per cent and trading at 26 cents at midday AEDT
Nasdaq-listed Iridium Communications has launched ‘Iridium GO! exec’, a smart satellite companion for smart devices, in partnership with Beam Communications (BCC).
Beam was chosen as the original equipment manufacturer (OEM) for the development of the new portable satellite hotspot, aiming to make life easier for professionals through a more reliable connection.
Beam Communications Managing Director Michael Capocchi said it was pleasing to be chosen as Iridium’s OEM partner once again.
“We are pleased to have Iridium select Beam Communications as the OEM partner once again, this time for the Iridium GO! exec,” Mr Capocchi said.
“With the company achieving strong historic sales for the Iridium GO! product, we are very excited about the opportunities this product brings to the broader target market.”
The Iridium GO! exec offers 40 times faster download and 10 times faster upload speeds than the original Iridium GO!, launched in 2014.
The technology connects to smartphones, tablets and laptops through a Wi-Fi connection and also supports high-quality voice calling, data services, SOS, and social media, office, chat apps and more through an IP connection.
The partners have received orders for a total of 67,500 Iridium GO! units, marking a significant increase on the initial minimum order commitment of 5,000.
Beam said that based on the early demand and historically strong sales reputation of Iridium GO!, the company expects orders for the product to exceed the initial $20 million minimum commitment from Iridium.
The company said the Iridium GO! exec will be classified as a premium solution in the Iridium GO! product range, while the original Iridium GO! will remain as a part of the brand’s product suite and will continue to be offered alongside the latest product.
Shares in Beam Communications were up 4 per cent and trading at 26 cents at midday AEDT.
