Global Telesat Awarded Satellite-Based Asset Tracking Services Contract from International Humanitarian Aid Organization

Operational Developments: NextPlat Corp has made significant progress in reducing corporate overheads and enhancing operational efficiency, including the recruitment of new healthcare leadership and the implementation of cost-saving measures expected to yield an additional $1 million in annual savings.

Business Growth Initiatives: The company has secured new healthcare contracts, expanded its pharmacy services, and launched an AI-powered healthcare management software, while also increasing sales through its e-commerce initiatives, particularly in the Chinese market.

NextPlat's ClearMetrX 4.0 Development: NextPlat Corp has announced the late-stage development of ClearMetrX 4.0, an AI-enhanced healthcare data analytics software, set for internal rollout in Q4 2025 and commercial launch in the first half of 2026.

Key Features and Market Growth: The software will include features like revenue forecasting, predictive inventory management, and fraud detection, aimed at improving healthcare efficiency and patient outcomes, amidst a rapidly growing AI healthcare market projected to reach USD 187.69 billion by 2030.

New Contract Award: NextPlat Corp's subsidiary, Global Telesat Communications Ltd, has secured a satellite-based asset tracking services contract from a humanitarian aid organization to provide Iridium Edge Solar trackers for monitoring high-value assets in challenging environments.

Expansion of Services: The contract, which includes an initial one-year term with a potential two-year extension, aims to enhance the organization's operational efficiency and security by reducing the risk of loss or theft of critical assets deployed in peacekeeping missions.