FinTechFunding

Beam Communications: Receives largest ZOLEO order

  • Beam Communications (BCC) has received its largest order for 7750 ZOLEO units from its joint venture company ZOLEO Inc
  • ZOLEO is a global messaging device that can send messages from outside of mobile coverage
  • This latest and largest order exceeds the third order the company received for 5000 ZOLEO units back inJuly
  • ZOLEO was initially sold through Cabela’s, however, BPS will now also stock the device in stores located across the U.S
  • Importantly, major Canadian department chain, London Drugs, has also started selling ZOLEO across its 80 stores
  • Beam’s shares are up 6.98 per cent and are trading for 23 cents at 3:44 pm AEST
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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