FinTechFunding

Beam Communications: Sells Zoleo on Catch.com.au

  • Beam Communications (BCC) has signed an agreement with Catch.com.au to sell its Zoleo messaging device on the site just in time for retail’s biggest season
  • Catch owned by consumer giant Wesfarmers (WES) and is the second-largest Australian online retailer
  • Zoleo is a remote communication tool which can send messages outside of the normal mobile reception range and is suitable for remote areas
  • During the holiday season, there’s expected to be an increase in rural and remote holidays due to the current border restrictions
  • As a result, there could increased demand for a product like Zoleo
  • On the market today, Beam is up 1.82 percent and is trading at 28 cents per share
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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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