He was later treated for suspected rib injuries at the Wanaka Medical Centre.
Wanaka Alpine Cliff Rescue team leader Gary Dickson said the successful outcome had "perked up" the volunteers, who frequently dealt with much worse outcomes in Mt Aspiring National Park search and rescue operations.
"It was a good result for us," Mr Dickson said.
The last incident on Lois Peak, in 2004, ended in tragedy for Yorkshire man Michael Johnson (37).
He did not have a beacon and died in his sleeping bag about March 17, after injuring himself in a fall.
He had been dead for more than a month by the time he was found.
In both Mr Johnson's case and yesterday's case, the trampers had deviated from the Rabbit Pass route on to Lois Peak.
The tramper rescued yesterday fell in almost the same location where Mr Johnson came to grief five years ago.
The tramper had been able to erect his tent, take shelter and activate his beacon, the signal of which was received by the National Rescue Co-ordination Centre about 5am.
However, he had not filled out the Department of Conservation intentions book in Wanaka.
Mr Dickson said while beacons were necessary and in yesterday's case, enabled rescuers to find him quickly, it was equally important to fill out the intentions book.
He said beacons could be lost or fail in bad transmission areas.
About 20cm of fresh snow fell on Lois Peak overnight Thursday and while the rescued tramper had an ice axe and good equipment, he did not have crampons, Mr Dickson said.
Low clouds hampered the search party, which flew in at first light.
A second attempt soon afterwards was successful, with Aspiring Helicopters pilot Alex Ewing finding a hole above the cloud layer through which she could descend and set the search party down on Lois Peak.
The searchers soon heard the injured man, found him and walked him back to the landing site.
The helicopter then returned and flew the party to Wanaka, arriving just before 11am to transfer the man into a waiting ambulance.
Yesterday's operation is believed to be the first search and rescue operation in New Zealand triggered by the use of a Spot Satellite Messenger beacon.
The Spot device is different from the 406MHz beacons recommended by the New Zealand Land Search and Rescue organisation (NZ LandSAR) because it relays its distress signal to a commercial satellite tracker in the United States.
The information is then relayed back to the relevant end point in New Zealand.
New Zealand Rescue Co-ordination Centre spokesman Ross Henderson was pleased the injured tramper had a beacon but added the centre would "probably prefer if people carried a 406MHz beacon".
Those beacons relay distress signals directly to the NZRCC and their unique identification numbers mean the NZRCC or police can immediately get in touch with the owner, or the owner's emergency contacts.
"If there was a choice between a Spot or locator beacon we would advocate the locator beacon," Mr Henderson said.
New Zealand LandSAR chairman and Wanaka LandSAR spokesman Phil Melchior said yesterday the organisation did not make any specific recommendations about what brand of beacon outdoors adventurers should use but supported 406MHz beacons because the distress signal went directly to the centre and responses would be "extremely fast".
He said that as far as he was aware, yesterday's was the first operation in New Zealand involving a Spot beacon.
The promoters of Spot beacons claim the devices can determine a location to within 10m anywhere in the world.
It also has a messaging system and an optional tracking system.
About 80,000 Spot beacons have been sold throughout North America and Pivotal began marketing them in Australia and New Zealand last year.
