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

Rhea-AI Summary

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.

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.

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

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.