Orbsat Corp., together with its subsidiaries, provides mobile satellite services (MSS) solutions for satellite-enabled voice, data, personnel and asset tracking, machine-to-machine, and Internet of Things (IoT) connectivity services in the United States and internationally. Its solutions include satellite communications, IoT tracking, and Internet, as well as emergency locator beacons. The company also provides tracking and monitoring solutions using automatic identification system, 2G-5G, push-to-talk, and two-way radio technology; and sells MSS related equipment. In addition, it operates GTCTrack, a subscription-based mapping and tracking portal that provides cloud-based data visualization and management platform that allow managers to track, command, and control assets in near-real-time; and a short-term rental service for customers to use equipment for a limited time period. The company provides its solutions for businesses, governments, military, humanitarian organizations, and individual users to communicate, connect to internet, track and monitor remote assets and lone workers, or request SOS assistance via satellite. It offers its products and services directly to end users and reseller networks; operates e-commerce websites that offer a range of MSS products and solutions; and offers portable satellite voice, data, and tracking solutions through various third-party e-commerce storefronts. The company was formerly known as Orbital Tracking Corp and changed its name to Orbsat Corp. in August 2019. Orbsat Corp. was incorporated in 1997 and is headquartered in Aventura, Florida.
IPO Year:
Exchange: NASDAQ
Website: orbsat.com
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Investment to Accelerate Progressive's Digital Healthcare Transformation and Launch of Global E-Commerce Platform for New Healthcare Products for Domestic and International MarketsCOCONUT GROVE, FL / ACCESSWIRE / August 31, 2022 / NextPlat Corp (NASDAQ:NXPL, NXPLW))) ("NextPlat" or the "Company"), a global e-commerce provider today announced that it has completed a strategic $7 million investment in Progressive Care Inc. (OTCQB:RXMD), a personalized healthcare services and technology company ("Progressive Care").Under the recapitalization plan, NextPlat Corp, its Executive Chairman and CEO, Charles M. Fernandez, and board member, Rodney Barreto, and certain other investors will invest an agg
Barreto Brings Decades of Public Affairs, Consulting, and Business Development Expertise to Orbsat as it Accelerates its Transition into NextPlat, a Global E-Commerce Platform CompanyAVENTURA, FL / ACCESSWIRE / January 11, 2022 / Orbsat Corp (NASDAQ:OSAT, OSATW))) ("Orbsat" or the "Company"), a global e-commerce provider, today announced the appointment of Rodney Barreto to its Board of Directors effective January 20, 2022.Mr. Barreto is an accomplished and recognized executive and business leader with over 35 years of experience in corporate and public affairs, real estate investment, development, and hospitality throughout South Florida. He is currently the President and CEO of the Barreto
Over 73% of Financing Secured From Senior Management, Board Members and Existing ShareholdersAVENTURA, FL / ACCESSWIRE / January 3, 2022 / Orbsat Corp (NASDAQ:OSAT, OSATW))) ("Orbsat" or the "Company"), a global e-commerce provider of IoT and connectivity solutions through next-generation satellite technology, today announced that it executed a binding Securities Purchase Agreement on January 2, 2022 with a number of investors, pursuant to which the Company agreed to sell 2,229,950 shares of common stock at price of $3.24 per share, the closing transaction price reported by Nasdaq on December 31, 2021. Orbsat will receive gross proceeds of approximately $7.2 million. The transaction is expec
Company Reports Second Consecutive Quarter of Record Revenues Driven by 52.2% Increase in Net SalesAVENTURA, FL / ACCESSWIRE / November 15, 2021 / Orbsat Corp (NASDAQ:OSAT, OSATW))) ("Orbsat" or the "Company"), a global e-commerce provider of IoT and connectivity solutions through next-generation satellite technology, today announced record quarterly revenue for its third quarter ended September 30, 2021.Financial highlights of the quarter ended September 30, 2021 include:Net sales for the third quarter reached a record of $2,250,278, an increase of over 52% from the third quarter results of $1,475,393 reported in the comparable period in 2020. Driving the sales increase was continued strong
Company Names Andrew Cohen as New Senior Vice President of Operations to Support E-Commerce Expansion ProgramAVENTURA, FL / ACCESSWIRE / October 7, 2021 / Orbsat Corp (NASDAQ:OSAT, OSATW))) ("Orbsat" or "the Company"), a global e-commerce provider of IoT and connectivity solutions, further to its recently announced strategic focus on building its global e-commerce capabilities, today announced that it has expanded the role of its Executive Vice President, Paul R. Thomson, appointing him as Chief Financial Officer replacing Mr. Sawar Uddin who has stepped down. The Company also named Andrew Cohen as Senior Vice President of Operations, a new role that will support Orbsat's ongoing e-commerce
Latest Additions to the Management Team Bring Extensive Banking, Finance, and M&A Experience to the CompanyAVENTURA, FL / ACCESSWIRE / August 25, 2021 / Orbsat Corp (NASDAQ:OSAT, OSATW))) ("Orbsat" or "the Company"), a global e-commerce provider of IoT and connectivity solutions, today announced its intent to further expand its strategic business focus on the sale of commercial products worldwide with the appointments of Douglas S. Ellenoff as its new Vice Chairman and Chief Business Development Strategist and Paul R. Thomson as Executive Vice President.In addition to his current and continuing role as founder and partner at Ellenoff Grossman & Schole LLP, Mr. Ellenoff assumes the position a
Strong Global E-Commerce Growth Drives Quarterly Net Sales Increase of 60% to Record LevelsAVENTURA, FL / ACCESSWIRE / August 17, 2021 / Orbsat Corp (NASDAQ:OSAT, OSATW))) ("Orbsat" or the "Company"), a global e-commerce provider of IoT and connectivity solutions through next-generation satellite technology, today announced record quarterly revenue for its second quarter ended June 30, 2021.Highlights of the quarter ended June 30, 2021 include:The Company successfully raised over $14.6 million in net proceeds from the underwritten public offering of equity units and completed its uplisting onto the Nasdaq Capital Market.Net Sales for the second quarter reached a record of $1,956,260, an incr
The Company's Global Telesat Communications Unit Approved as an Alibaba Gold Supplier as it Expands Global Sales ActivitiesAVENTURA, FL / ACCESSWIRE / July 13, 2021 / Orbsat Corp (NASDAQ:OSAT)(NASDAQ:OSATW) ("Orbsat" or "the Company"), a global provider of IoT and connectivity solutions through next-generation satellite technology, today announced that its Global Telesat Communications (GTC) unit has entered into an agreement with Alibaba.com, the B2B (Business-to-Business) e-commerce website owned and operated by Alibaba Group Holding Limited, also known as Alibaba Group (NYSE:BABA, HKEX: 9988))), a Chinese multinational technology company specializing in e-commerce, retail, internet, and t
AVENTURA, FL / ACCESSWIRE / June 28, 2021 / Orbsat Corp (NASDAQ:OSAT)(NASDAQ:OSATW) ("Orbsat" or "the Company"), a global provider of communication solutions for connectivity to the world through next-generation satellite technology, today announced the closing on June 28, 2021 of the sale of 432,000 additional shares of the Company's common stock, par value $0.001 (the "Shares") to Maxim Group LLC (the "Underwriter") upon the Underwriter's exercise in full of the balance of its over-allotment option (the "Over-Allotment Option") in connection with the Company's previously disclosed public offering that closed on May 28, 2021 (the "Offering"). The Company received net proceeds of approximate
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Barreto Brings Decades of Public Affairs, Consulting, and Business Development Expertise to Orbsat as it Accelerates its Transition into NextPlat, a Global E-Commerce Platform CompanyAVENTURA, FL / ACCESSWIRE / January 11, 2022 / Orbsat Corp (NASDAQ:OSAT, OSATW))) ("Orbsat" or the "Company"), a global e-commerce provider, today announced the appointment of Rodney Barreto to its Board of Directors effective January 20, 2022.Mr. Barreto is an accomplished and recognized executive and business leader with over 35 years of experience in corporate and public affairs, real estate investment, development, and hospitality throughout South Florida. He is currently the President and CEO of the Barreto
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