New Award for Iridium Edge Solar Trackers to
Support the Monitoring and Management of High-Value Assets Globally
Deployed in Peacekeeping Missions and Field Operations
COCONUT
GROVE, Fla., Feb. 12,
2025 /PRNewswire/ -- NextPlat Corp (NASDAQ: NXPL)
(NASDAQ: NXPLW) ("NextPlat" or the "Company"), a global
e-Commerce provider, today announced that its subsidiary, Global
Telesat Communications Ltd ("GTC") has been awarded a new
satellite-based asset tracking services contract from a global
humanitarian aid customer (the "Customer") following a public
tender.
Under the new contract, the second awarded to GTC by the
Customer, it will provide Iridium Edge® Solar satellite asset
trackers and recurring airtime services contracts to the
Customer who will utilize the products to monitor and track assets
such as vehicles, heavy machinery and shipping containers typically
deployed in challenging environments. The award follows feasibility
and effectiveness testing of various satellite-based tracking
systems and technologies to help reduce the risk of loss or theft
of these high value assets. The initial one-year award includes the
option to extend the contract for up to an additional two
years.
"The Iridium Edge Solar tracker is an ideal solution for large,
global organizations who operate in diverse geographies, especially
in areas where access to reliable communications infrastructure is
lacking or unavailable. We are pleased to expand our relationship
with this humanitarian aid customer and look forward to further
supporting its efforts to stay connected with the critical assets
that enable them to complete their important, life-saving global
missions," said David Phipps,
President of NextPlat and CEO of Global Operations, and Managing
Director of Global Telesat Communications.
For more information about NextPlat, please visit
www.NextPlat.com and connect with us on Facebook,
LinkedIn and X.
About NextPlat Corp
NextPlat is a global e-commerce
platform company created to capitalize on multiple high-growth
sectors and markets including technology and healthcare. Through
acquisitions, joint ventures and collaborations, the Company
intends to assist businesses in selling their goods online,
domestically, and internationally, allowing customers and partners
to optimize their e-Commerce presence and revenue. NextPlat
currently operates an e-Commerce communications division offering
voice, data, tracking, and IoT products and services worldwide as
well as pharmacy and healthcare data management services in
the United States through its
subsidiary, Progressive Care LLC.
Forward-Looking Statements
Certain statements in this
release constitute forward-looking statements. These statements
include the capabilities and success of the Company's business and
any of its products, services, or solutions. The words "believe,"
"forecast," "project," "intend," "expect," "plan," "should,"
"would," and similar expressions and all statements, which are not
historical facts, are intended to identify forward-looking
statements. These forward-looking statements involve and are
subject to known and unknown risks, uncertainties and other
factors, including the Company's ability to launch new data-driven
tools and services and its ability to grow and expand as intended,
any of which could cause the Company to not achieve some or all of
its goals or the Company's previously reported actual results,
performance (finance or operating), including those expressed or
implied by such forward-looking statements. More detailed
information about the Company and the risk factors that may affect
the realization of forward-looking statements is set forth in the
Company's filings with the Securities and Exchange Commission (the
"SEC"), copies of which may be obtained from the SEC's website at
www.sec.gov. The Company assumes no, and hereby disclaims any,
obligation to update the forward-looking statements contained in
this press release.
Media and Investor Contact for NextPlat Corp:
Michael Glickman
MWGCO, Inc.
917-397-2272
mike@mwgco.net
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SOURCE NextPlat Corp.
