Global Telesat Awarded Satellite-Based Asset Tracking Services Contract from International Humanitarian Aid Organization
NextPlat Corp (NASDAQ: NXPL) announced that its subsidiary, Global Telesat Communications (GTC), has secured a new satellite-based asset tracking services contract from a global humanitarian aid organization following a public tender. The contract involves providing Iridium Edge® Solar satellite asset trackers and recurring airtime services to monitor vehicles, heavy machinery, and shipping containers in challenging environments.
The initial one-year contract includes an option for a two-year extension and represents the second contract awarded to GTC by this customer. The selection followed testing of various satellite-based tracking systems aimed at reducing the risk of loss or theft of high-value assets. The tracking solution is specifically designed for organizations operating in areas with or no communications infrastructure.
NextPlat Corp (NASDAQ: NXPL) ha annunciato che la sua controllata, Global Telesat Communications (GTC), ha ottenuto un nuovo contratto per servizi di tracciamento degli asset basati su satellite da un'organizzazione umanitaria globale a seguito di una gara pubblica. Il contratto prevede la fornitura di tracker satellitari Iridium Edge® Solar e servizi di airtime ricorrenti per monitorare veicoli, macchinari pesanti e container di spedizione in ambienti difficili.
Il contratto iniziale di un anno include un'opzione per un'estensione di due anni e rappresenta il secondo contratto assegnato a GTC da questo cliente. La selezione è avvenuta dopo test di vari sistemi di tracciamento satellitare volti a ridurre il rischio di perdita o furto di beni di alto valore. La soluzione di tracciamento è progettata specificamente per le organizzazioni che operano in aree con scarsa o assente infrastruttura di comunicazione.
NextPlat Corp (NASDAQ: NXPL) anunció que su subsidiaria, Global Telesat Communications (GTC), ha asegurado un nuevo contrato de servicios de seguimiento de activos basado en satélite de una organización humanitaria global tras una licitación pública. El contrato incluye la provisión de rastreador satelital Iridium Edge® Solar y servicios de tiempo de aire recurrentes para monitorear vehículos, maquinaria pesada y contenedores de envío en entornos desafiantes.
El contrato inicial de un año incluye una opción para una extensión de dos años y representa el segundo contrato otorgado a GTC por este cliente. La selección siguió a pruebas de varios sistemas de seguimiento por satélite destinados a reducir el riesgo de pérdida o robo de activos de alto valor. La solución de seguimiento está diseñada específicamente para organizaciones que operan en áreas con escasa o nula infraestructura de comunicaciones.
넥스트플랫 코퍼레이션 (NASDAQ: NXPL)은 자회사인 글로벌 텔레샛 커뮤니케이션즈 (GTC)가 공공 입찰을 통해 글로벌 인도적 지원 기구로부터 새로운 위성 기반 자산 추적 서비스 계약을 체결했다고 발표했습니다. 이 계약에는 이리듐 엣지® 솔라 위성 자산 추적기와 차량, 중장비 및 해상 컨테이너를 어려운 환경에서 모니터링하기 위한 정기적인 통신 서비스 제공이 포함됩니다.
초기 1년 계약은 2년 연장 옵션을 포함하며, 이 고객으로부터 GTC에 부여된 두 번째 계약을 나타냅니다. 이 선택은 고가 자산의 손실 또는 도난 위험을 줄이기 위해 다양한 위성 기반 추적 시스템의 테스트 후 이루어졌습니다. 이 추적 솔루션은 통신 인프라가 부족하거나 전혀 없는 지역에서 운영하는 조직을 위해 특별히 설계되었습니다.
NextPlat Corp (NASDAQ: NXPL) a annoncé que sa filiale, Global Telesat Communications (GTC), a obtenu un nouveau contrat de services de suivi d'actifs basé sur satellite d'une organisation humanitaire mondiale à la suite d'un appel d'offres public. Le contrat implique la fourniture de traceurs d'actifs satellitaires Iridium Edge® Solar et de services de communication récurrents pour surveiller des véhicules, des machines lourdes et des conteneurs d'expédition dans des environnements difficiles.
Le contrat initial d'un an comprend une option pour une extension de deux ans et représente le deuxième contrat attribué à GTC par ce client. La sélection a suivi des tests de divers systèmes de suivi par satellite visant à réduire le risque de perte ou de vol d'actifs de grande valeur. La solution de suivi est spécifiquement conçue pour les organisations opérant dans des zones avec peu ou pas d'infrastructure de communication.
NextPlat Corp (NASDAQ: NXPL) hat bekannt gegeben, dass ihre Tochtergesellschaft, Global Telesat Communications (GTC), einen neuen Vertrag über satellitengestützte Asset-Tracking-Dienste von einer globalen humanitären Organisation nach einer öffentlichen Ausschreibung gesichert hat. Der Vertrag umfasst die Bereitstellung von Iridium Edge® Solar Satelliten-Asset-Trackern und wiederkehrenden Airtime-Diensten zur Überwachung von Fahrzeugen, schweren Maschinen und Versandcontainern in herausfordernden Umgebungen.
Der anfängliche Einjahresvertrag beinhaltet eine Option für eine zweijährige Verlängerung und stellt den zweiten Vertrag dar, der von diesem Kunden an GTC vergeben wurde. Die Auswahl erfolgte nach Tests verschiedener satellitengestützter Tracking-Systeme, die darauf abzielen, das Risiko von Verlust oder Diebstahl von hochwertigen Vermögenswerten zu reduzieren. Die Tracking-Lösung ist speziell für Organisationen konzipiert, die in Gebieten mit wenig oder keiner Kommunikationsinfrastruktur tätig sind.
- Secured new contract for satellite tracking services
- Potential for three-year total contract duration
- Second contract win from same customer, indicating strong relationship
- Expansion into humanitarian sector with recurring revenue model
- Contract value not disclosed
- Initial contract to one year
Insights
This contract award signifies a strategic advancement for NextPlat in the high-growth satellite IoT sector, particularly noteworthy given the company's relatively modest market capitalization. The deal structure includes both hardware sales (Iridium Edge Solar trackers) and recurring airtime services, creating a dual revenue stream that enhances predictable cash flow visibility.
The humanitarian aid sector represents an expanding market opportunity for satellite tracking solutions, driven by several key factors:
- Growing need for asset security in conflict zones and remote areas
- Increasing value of deployed assets requiring protection
- Rising insurance requirements for asset tracking in high-risk regions
The selection of NextPlat following a competitive public tender and successful testing phase demonstrates strong product-market fit and potential for similar contract wins. The Iridium Edge Solar's key competitive advantages include:
- Solar-powered operation reducing maintenance requirements
- Global coverage through Iridium's satellite network
- Robust design for harsh environmental conditions
The contract's structure, featuring a one-year initial term with a two-year extension option, provides both immediate revenue visibility and significant upside potential. The recurring airtime services component is particularly valuable, as it typically generates higher margins than hardware sales and builds a stable revenue base.
This second contract from the same customer validates NextPlat's execution capability and positions the company for potential expansion within the humanitarian aid sector, which manages billions in assets globally. The successful deployment could serve as a reference case for securing additional contracts with similar organizations operating in challenging environments.
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
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
Forward-Looking Statements
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Media and Investor Contact for NextPlat Corp:
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MWGCO, Inc.
917-397-2272
mike@mwgco.net
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SOURCE NextPlat Corp.
FAQ
What type of contract did NextPlat (NXPL) win in February 2025?
How long is the duration of NXPL's new tracking services contract?
What will NXPL's Iridium Edge Solar trackers be used for?
Is this NXPL's first contract with this humanitarian aid customer?
