World Reach subsidiary ships first ISatDock units

World Reach subsidiary ships first ISatDock units

Telecom equipment provider World Reach (ASX:WRR) has revealed its subsidiary, Beam Communications, has entered the shipping phase for its first Inmarsat docking stations.

Inmarsat said the sales of its ISatDock docking stations for Inmarsat satellite phones are expected to exceed $7 million over the first two years of deployments.

The company had already taken over $500,000 worth of pre-orders for the docking stations from Inmarsat's strategic distributions, World Reach Managing Director Michael Capocchi said.

WRR shares are today trading 16.7% lower at $0.005.

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Tags satelliteproduct launchinmarsatWorld ReachBeamASX:WRRPerry Melton

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