Satellite Docking Stations News

Beam receives a $5 M commitment from Telstra for Satellite Docking Stations and Iridium Handsets. Beam Communications Pty Ltd, a wholly owned subsidiary of World Reach Limited (ASX: WRR), announces it has received a commitment from Telstra to purchase a minimum of USD5.1 M of Iridium based satellite docking stations and product bundles over the next 12 months. The initial shipment (valued at USD1.65 M) is expected to be fulfilled by 30 June 2012, the balance being called upon as required over the 12 month period.