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NextPlat's Global Telesat Awarded New UK Government Contract for Iridium Extreme® Push to Talk Devices

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NextPlat Corp (NASDAQ: NXPL) announced that its subsidiary, Global Telesat Communications (GTC), has secured a new contract from a central UK Government department to provide Iridium Push-To-Talk (PTT) devices and recurring airtime services.

This marks GTC's first contract with this senior governmental department, with initial product shipments expected during the second quarter. The devices will support staff connectivity for policy development, coordination, and implementation duties.

The Iridium Extreme® PTT devices offer instant, secure, and reliable global communication capabilities, featuring rugged durability and advanced push-to-talk functionality for challenging environments. The products are unaffected by recent US tariffs.

NextPlat Corp (NASDAQ: NXPL) ha annunciato che la sua controllata, Global Telesat Communications (GTC), ha ottenuto un nuovo contratto da un dipartimento centrale del governo del Regno Unito per fornire dispositivi Iridium Push-To-Talk (PTT) e servizi di airtime ricorrenti.

Questo rappresenta il primo contratto di GTC con questo importante dipartimento governativo, con le prime spedizioni di prodotti previste per il secondo trimestre. I dispositivi supporteranno la connettività del personale per lo sviluppo, il coordinamento e l'implementazione delle politiche.

I dispositivi Iridium Extreme® PTT offrono capacità di comunicazione globale istantanea, sicura e affidabile, con una robustezza eccezionale e funzionalità avanzate di push-to-talk per ambienti difficili. I prodotti non sono influenzati dai recenti dazi statunitensi.

NextPlat Corp (NASDAQ: NXPL) anunció que su subsidiaria, Global Telesat Communications (GTC), ha asegurado un nuevo contrato de un departamento central del gobierno del Reino Unido para proporcionar dispositivos Iridium Push-To-Talk (PTT) y servicios de tiempo aire recurrentes.

Este es el primer contrato de GTC con este importante departamento gubernamental, con los primeros envíos de productos previstos para el segundo trimestre. Los dispositivos apoyarán la conectividad del personal para el desarrollo, la coordinación y la implementación de políticas.

Los dispositivos Iridium Extreme® PTT ofrecen capacidades de comunicación global instantánea, segura y confiable, con una durabilidad robusta y funcionalidad avanzada de push-to-talk para entornos desafiantes. Los productos no se ven afectados por los recientes aranceles estadounidenses.

NextPlat Corp (NASDAQ: NXPL)는 자회사인 Global Telesat Communications (GTC)가 영국 정부의 중앙 부서로부터 Iridium Push-To-Talk (PTT) 장치 및 반복적인 통신 서비스 제공을 위한 새로운 계약을 체결했다고 발표했습니다.

이는 GTC가 이 고위 정부 부서와 체결한 첫 번째 계약으로, 초기 제품 배송은 두 번째 분기에 예상됩니다. 이 장치는 정책 개발, 조정 및 실행 업무를 위한 직원의 연결성을 지원할 것입니다.

Iridium Extreme® PTT 장치는 즉각적이고 안전하며 신뢰할 수 있는 글로벌 통신 기능을 제공하며, 극한 환경에서도 견딜 수 있는 내구성과 고급 푸시 투 토크 기능을 갖추고 있습니다. 이 제품들은 최근 미국의 관세 영향을 받지 않습니다.

NextPlat Corp (NASDAQ: NXPL) a annoncé que sa filiale, Global Telesat Communications (GTC), a obtenu un nouveau contrat d'un département central du gouvernement britannique pour fournir des dispositifs Iridium Push-To-Talk (PTT) et des services de temps d'antenne récurrents.

Ceci marque le premier contrat de GTC avec ce département gouvernemental de haut niveau, avec des expéditions de produits initiales prévues pour le deuxième trimestre. Les dispositifs soutiendront la connectivité du personnel pour le développement, la coordination et l'exécution des politiques.

Les dispositifs Iridium Extreme® PTT offrent des capacités de communication mondiale instantanée, sécurisée et fiable, avec une durabilité robuste et une fonctionnalité avancée de push-to-talk pour des environnements difficiles. Les produits ne sont pas affectés par les récents tarifs américains.

NextPlat Corp (NASDAQ: NXPL) gab bekannt, dass ihre Tochtergesellschaft, Global Telesat Communications (GTC), einen neuen Vertrag von einer zentralen britischen Regierungsbehörde erhalten hat, um Iridium Push-To-Talk (PTT)-Geräte und wiederkehrende Airtime-Dienste bereitzustellen.

Dies ist GTCs erster Vertrag mit dieser hochrangigen Regierungsbehörde, und die ersten Produktlieferungen werden im zweiten Quartal erwartet. Die Geräte unterstützen die Konnektivität des Personals für die Entwicklung, Koordination und Umsetzung von Richtlinien.

Die Iridium Extreme® PTT-Geräte bieten sofortige, sichere und zuverlässige globale Kommunikationsmöglichkeiten, mit robuster Haltbarkeit und fortschrittlicher Push-to-Talk-Funktionalität für herausfordernde Umgebungen. Die Produkte sind von den jüngsten US-Zöllen nicht betroffen.

Positive
  • First contract secured with a senior UK Government department
  • New recurring revenue stream through airtime services
  • Products unaffected by recent US tariffs
  • Expansion into government sector clientele
Negative
  • None.

Insights

NextPlat's subsidiary securing this initial UK government contract represents a potentially significant development for a company of this size ($19M market cap). Government contracts typically offer several advantages that private investors should consider:

The designation as a central UK Government department customer carries substantial credibility value, potentially opening doors to additional government contracts. What's particularly valuable here is the recurring airtime services component, which creates predictable revenue streams beyond one-time device sales - a business model that typically commands higher valuation multiples.

While financial terms remain undisclosed (common with initial government contracts), the reference to this being their first contract with this department suggests a foot-in-the-door strategy that could lead to expanded opportunities. For small-cap companies like NextPlat, government contracts often serve as reference customers that validate their offering for both public and private sector opportunities.

The explicit mention that products are unaffected by recent US tariffs addresses a potential supply chain concern, indicating management's awareness of geopolitical factors that could impact fulfillment.

The Iridium PTT (Push-To-Talk) technology specified in this contract represents a strategic product category in the satellite communications market. These devices provide global coverage without reliance on terrestrial infrastructure - a critical requirement for government operations where communication reliability is essential.

What makes this contract noteworthy is the dual revenue model: hardware sales (one-time) plus recurring airtime services (ongoing). This airtime component creates predictable cash flow that extends well beyond initial deployment. For NextPlat's GTC subsidiary, this represents customer diversification into a stable government client.

The Q2 2025 shipment timeline indicates near-term revenue recognition, though without contract value disclosure, we can't quantify the immediate financial impact. For context, with NextPlat trading at $0.68 per share and a micro-cap status, even modest contracts can materially impact quarterly results.

While this appears to be positive business development, investors should note this is described as an "initial contract" - suggesting initial scope with potential expansion. The strategic value likely exceeds immediate financial impact, establishing NextPlat's GTC subsidiary as a verified supplier to senior UK government departments using specialized satellite communication technology.

Initial Award to Provide Enhanced Connectivity Services for Central Government Department

COCONUT GROVE, Fla., April 9, 2025 /PRNewswire/ -- NextPlat Corp (NASDAQ: NXPL, 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 connectivity services contract from a central UK Government department (the "Customer").

Under the new contract, the first received by GTC from this senior governmental department, it will provide Iridium Push-To-Talk (PTT) devices and recurring airtime services contracts to the Customer who will utilize the products to provide vital connectivity for its staff whose responsibilities include helping to ensure the effective development, coordination and implementation of policy. The Company expects initial product shipments to occur during the second quarter with products unaffected by the recent introduction of US tariffs.

The Iridium Extreme® PTT devices provide instant, secure, and reliable communication anywhere in the world, making them an essential tool for government operations, emergency response, and remote fieldwork. Designed for use in the most challenging environments, the devices offer global coverage, rugged durability, and advanced push-to-talk capabilities, enabling teams to stay connected at the push of a button.

"We are pleased to have been awarded this important initial contract from a vital department of the UK government and are honored by the trust they are placing in us to enable real-time communications for their staff. Iridium PTT devices have demonstrated their ability to provide rapid, reliable, and secure coordination between teams regardless of distance, and we are excited to support this new Customer as we continue to expand our growing list of global government and commercial clients," 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, 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

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/nextplats-global-telesat-awarded-new-uk-government-contract-for-iridium-extreme-push-to-talk-devices-302423850.html

SOURCE NextPlat Corp.

FAQ

What is the new contract awarded to NextPlat's subsidiary NXPL?

Global Telesat Communications (GTC) was awarded a contract to provide Iridium Push-To-Talk devices and airtime services to a central UK Government department.

When will NXPL begin shipping Iridium PTT devices for the UK government contract?

Initial product shipments are expected to occur during the second quarter of 2025.

Are NXPL's Iridium devices affected by recent US tariffs?

No, the products are unaffected by the recent introduction of US tariffs.

What are the key features of the Iridium Extreme PTT devices being supplied by NXPL?

The devices offer instant, secure, and reliable global communication, rugged durability, and advanced push-to-talk capabilities for challenging environments.
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