Oslo 2 November 2022 - Xplora Technologies AS ("Xplora", "the Company") is
pleased to announce that it today is live as Mobile Service Provider in the
German market, allowing bundling of XploraŽs leading smartwatches for kids with
Xplora Connect SIM. The offering will be further extended to premium
subscriptions.
As part of XploraŽs announced strategy to replicate its successful Nordic
service provider model to key markets, Xplora has previously announced the
Mobile Service Provider agreement with Telekom Deutschland GmbH in the German
market. Following a period of testing and calibration the Company is today live
as Mobile Service Provider in Germany.
The German market is strategically important for Xplora with 5.4m children in
the target market of kids aged 4-10 years according to UN population data. It is
XploraŽs largest market to date with around 500,000 smartwatches shipped. Xplora
has secured an undisputed market leadership in Germany with high brand
recognition and a wide distribution footprint including online channels, leading
retailers and telecom operators.
XploraŽs bundled connectivity service will be offered online through Amazon and
XploraŽs web shop in the initial stage, and then successively to be extended to
retail distribution. The connectivity offerings are tailored to the CompanyŽs
smartwatches:
· Flexible monthly subscription plan
· 12-month subscription plan
· 24-month subscription plan
· 12-month up-front payment subscription plan
The Xplora Connect offering will be further extended to premium subscription
plans including access to XploraŽs upcoming Goplay platform services.
Xplora has an announced strategy to extend connectivity services to key markets
outside the Nordic region in 2022, moving from device-centric to solution- and
service oriented and thereby driving new, profitable revenue streams. Xplora has
secured a growing base of 144k subscribers in the Nordic market, representing a
penetration rate of 6.7% in the target market of kids aged 4-10. In Norway, the
market where Xplora has the longest track record, Xplora has secured a
penetration of 18.9%. Nearly all Xplora smartwatches sold are bundled with
Xplora Connect SIM cards in the Nordics, allowing the customer to have a
smoother onboarding and driving improved customer satisfaction.
For further information please contact:
Sten Kirkbak, CEO +47 9220 3710, sten.kirkbak@xplora.com
Mikael Clement, CFO +47 9900 8000, mikael.clement@xplora.com
About Xplora: Xplora is a platform and services company and an industry leader
in the market for children's smartwatches. Xplora was founded to give children a
safe onboarding to the digital life and a better balance between screen time and
physical activity. Xplora's vision is to enable children around the world to
experience how their everyday activities can create value and make a positive
change in the world. The company is headquartered in Norway with operations in
leading European markets. Xplora is listed on Euronext Growth under the ticker
symbol XPLRA.