Contract Supports Increased Connectivity Needs
of Government Workforce in Remote and Off
Site Operations
COCONUT
GROVE, Fla., Dec. 11,
2024 /PRNewswire/ -- NextPlat Corp (NASDAQ: NXPL,
NXPLW) ("NextPlat" or the "Company"), a global e-Commerce
provider, today announced that its US-based connectivity
division, Outfitter Satellite Inc. ("Outfitter"), has been awarded
a three-year service contract from a US state government customer
("the Customer") to provide satellite enabled services.
Under the terms of the contract, Outfitter will provide
satellite connectivity airtime service plans and hardware to the
Customer in support of its government workforce who require voice
and data connectivity when conducting remote or off-site work, or
during natural disasters. The initial contract term is for three
years and includes an option to renew for up to two years.
"Outfitter Satellite continues to play a vital role in driving
our domestic growth, particularly in high-margin recurring service.
We are pleased with the performance of the Outfitter team as they
continue to grow and expand their customer base driven by their
expertise and dedication to superior customer service and support,"
said David Phipps, President of
NextPlat and CEO of Global Operations, and President of Outfitter
Satellite.
Acquired by NextPlat in April
2024, based in Nashville,
Tennessee, for over two decades, Outfitter has provided
consumers, commercial and government customers, with advanced
satellite-based connectivity solutions from leading brands
including Iridium, Inmarsat and Globalstar. Since its acquisition,
Outfitter has generated significant high margin recurring airtime
revenue from sales in North
America, complementing the Company's technology e-Commerce
operation which services global customers in Europe, South
America, the Middle East,
Africa and throughout Asia.
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, including the Company's ability to launch new data-driven
tools and services and its ability to grow and expand as intended,
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
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SOURCE NextPlat Corp.