NextPlat Continues Business Development Progress, Barreto Expands Role
NextPlat announced continued progress in its business development efforts as it executes against its growth and organizational refocusing initiatives. In support of these efforts, Rodney Barreto, NextPlat's Chairman, has agreed to an expanded role in business development activities, efforts which have already resulted in two revenue-generating healthcare contracts secured earlier this year. NextPlat is also actively exploring potentially accretive joint venture and potential acquisitions/merger opportunities as it seeks to expand its pharmacy services business locally in Florida as well as nationally. In NextPlat's healthcare segment, based upon preliminary review of results from October 2025 through early December 2025, collective business development and customer engagement activities are expected to produce over 12,000 additional 340B and contracted prescriptions, driving sequential growth in quarterly volumes when compared to the Q3. Barreto has served as Director of NextPlat since January 2022 and is currently one of the Company's largest shareholders. His business career spans over 35 years including his role at the Barreto Group and as a partner of Capital City Consulting, a corporate and public affairs consulting firm recognized by policy makers as one of the top in its industry in Florida.
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NextPlat Expands IoT Portfolio with Telit Cinterion Partnership for Advanced 5G Solutions
- Market Expansion: NextPlat's subsidiary GTC has partnered with Telit Cinterion to add advanced 5G connectivity solutions, which is expected to drive sales growth in the industrial and enterprise IoT markets, supporting a global market increase from $1.18 trillion to $2.65 trillion.
- Technology Integration: By integrating Telit Cinterion's intelligent IoT solutions, GTC will enhance its existing satellite and terrestrial connectivity offerings, thereby improving service quality for clients in sectors such as manufacturing, agriculture, and logistics.
- Collaboration Benefits: This partnership not only simplifies connectivity management for customers but also reduces operational risks, which is anticipated to accelerate time-to-market across industries, further enhancing GTC's competitiveness in over 150 countries.
- Strategic Opportunity: GTC CEO David Phipps stated that this collaboration presents a significant opportunity for GTC to engage in the rapidly growing IoT market, highlighting the company's commitment to future technological advancements and investment.
NextPlat Expands IoT Portfolio with Telit Cinterion Partnership for 5G Solutions
- Market Expansion: NextPlat's subsidiary GTC has partnered with Telit Cinterion to add advanced 5G connectivity solutions, which is expected to drive sales growth in the industrial and enterprise IoT markets, contributing to the global IoT market's rise from approximately $1.18 trillion to $2.65 trillion.
- Technology Integration: This collaboration enhances GTC's existing satellite and terrestrial connectivity offerings, boosting its competitiveness in rapidly growing sectors such as manufacturing, agriculture, and logistics, while improving customer connectivity management capabilities.
- Strategic Partnership: The partnership not only allows GTC to leverage Telit Cinterion's global infrastructure but also simplifies connectivity management for customers, reduces operational risks, and accelerates time-to-market across industries, enhancing overall business efficiency.
- Industry Leadership: As one of Europe's largest satellite connectivity providers, GTC further solidifies its leadership position in the global IoT market through this collaboration, demonstrating keen insight into future technological innovations and market demands.
