Beam Communications : Beam Receives Another Record Order for ZOLEO (164 KB)

14 December 2020

The Manager

Market Announcements Platform

Australian Securities Exchange Limited

BEAM RECEIVES ANOTHER RECORD ORDER FOR ZOLEO

Highlights:

• Beam receives its largest order for 12,500 ZOLEO units since the device launched in early 2020
• New order follows growing demand for the unique global messaging solution
• MEC becomes the latest major Canadian outdoor gear retailer to sell ZOLEO
• ZOLEO sold by an increasing number of major outdoor retailers in North America and Australia
• Delivery of the devices under this new order is expected to be completed by April 2021
• Total orders of ZOLEO to date stands at 34,500 units
• More agreements with major retailers in both key markets expected in early 2021

Beam Communications Holdings Ltd (ASX: BCC) is pleased to announce that it has received its fifth and largest order to-date for 12,500 ZOLEO units from its joint venture (JV) entity ZOLEO Inc.

The increased order size is in response to growing demand for ZOLEO in the North American and Australian markets where the unique pocket-sized global messaging solution is being sold through leading online and national brick and mortar retailers along with leading ecommerce sites.

Australia's largest outdoor adventure superstore, Anaconda Group Pty Ltd, signed up to sell ZOLEO last week; while Beam had previously secured distribution agreements with leading online retailers Myer.com, (ASX:MYR) , Kogan.com Ltd (ASX: KGN) and Wesfarmers Ltd's (ASX: WES) Catch Group.

In North America, MEC has become the latest major Canadian outdoor adventure gear retailer to start selling ZOLEO.

MEC joins the world's largest outdoor equipment retailer, BPS Direct, LLC (owner of Bass Pro Shops and Cabela's stores in the US and Canada) and leading Canadian retail chain London Drugs in offering the multi- award winning ZOLEO device.

Beam and its JV partner, Roadpost, Inc., expect to sign up more retail partners in the near-term due to increasing interest and awareness of the ZOLEO solution.

The increased distribution requires more infill stock to support the distribution networks, as these units are then sold to the end users in turn the recurring subscription revenues commence upon activation of the device.

Deliveries of this latest ZOLEO order is expected to be completed by April 2021 and this will take the total number of ZOLEO devices shipped since the March 2020 quarter to 34,500 units.

Yours faithfully,

Michael Capocchi

Managing Director

For media & investor enquiries please contact:

Brendon Lau

1. [e-mail]

1. 0409 341 613

About ZOLEO Inc.

Formed in 2018 and headquartered in Toronto, Canada, ZOLEO Inc. is a joint venture between Beam Communication Pty. Ltd. and Roadpost Inc. that is pioneering the development of innovative lower cost, consumer-oriented global messaging solutions, including innovative wireless devices and apps based on Iridium short burst data (SBD), cellular and Wi-Fi standards. The company serves three primary markets including consumers residing on the fringe of cellular coverage, outdoor recreation and lone worker safety. Its products are offered through authorised retailers in the US, Canada and Australia. Roadpost is responsible for retail distribution in North America and Beam is responsible for the Asia Pacific region. Staged distribution in other regions will be jointly managed. For more information visit www.zoleo.com.

About Beam Communications Limited

Beam Communications Holdings Limited is an Australian publicly-listed company (ASX:BCC) that specialises in the design, development, manufacture and distribution of satellite, cellular and dual-mode equipment applications and services. Its products and services are adopted by some of the world's largest satellite and telecommunications companies, such as Iridium, Telstra, KDDI, Inmarsat & Thuraya, to fill the global needs of Information Communication

• Technology markets. Beam Communications Holdings Limited owns 100% of Beam Communications Pty Ltd and SatPhone Shop Pty Ltdwww.satphoneshop.com. For more information, visit www.beamcommunications.com.

About Roadpost Inc.

Incorporated in 1991, Roadpost is a foremost provider of mobile satellite equipment and voice and data services from industry leaders including Iridium, Inmarsat and Garmin. More than 45,000 subscribers trust Roadpost to equip them with the most reliable and innovative communications solutions available, from private and public sector organizations that need to connect and protect employees at work, to outdoor enthusiasts who travel the backcountry. Based in Toronto (Canada) with an office in Seattle (USA), Roadpost distributes its products directly and through its extensive network of authorized dealers throughout North America. Roadpost is a registered trademark of Roadpost Inc. For more information visit www.roadpost.ca.