Oslo, 12 June 2024 - Xplora Technologies AS ("Xplora") is thrilled to announce
the expansion of its partnership with one of the leading Asian smartwatch
manufacturers Qihoo 360. This collaboration will see Xplora providing its
innovative activity platform to Qihoo 360's extensive user base through a new
pay-to-play model.
Building on the successful pilot launched in 2021, which attracted 80,000 active
users and paved the way for Xplora's current Basic and Premium Service
offerings, this expansion aims to commercialize and scale the platform's reach.
Key Highlights of the Partnership:
- New Adventures: Xplora will deliver three engaging adventures to Qihoo 360
users. Participants can collaborate with international peers, increasing their
activity levels through steps and competing for exciting prizes.
- From Freemium to Pay-to-Play Model: The service will be available on a
freemium basis. Users can access the first adventure for free, with subsequent
advanced adventures available via paid subscription.
This partnership significantly broadens Xplora's target audience, making its
activity platform accessible to existing Qihoo 360 smartwatch users. The
official launch is planned for Q4 2024, aligning with Xplora's strategic vision
to provide scalable Software as a Service (SaaS) solutions as a multi-tenant
platform provider.
"We are excited to expand our long-standing partnership with Qihoo 360, who have
been integral in manufacturing several of our current and past smartwatches,"
said Sten Kirkbak, CEO of Xplora Technologies. "This agreement underscores the
appeal of the activity platform we've developed over the years and marks a
significant step towards a more scalable business model."
For further information please contact:
Sten Kirkbak, CEO +47 922 03 710, sten.kirkbak@xplora.com
Knut Stålen, CFO +47 920 43 458, knut.stalen@xplora.com
About Xplora Technologies AS:
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
About Qihoo 360:
Qihoo 360 is a prominent Chinese technology company known for its advanced smart
devices and comprehensive internet security products. The company's mission is
to make life smarter and safer through innovative technology solutions.