Oslo, 9 August 2021: Xplora Technologies AS (´Xplora´) has reached an important milestone with 100,000 mobile subscribers in the Nordic market.
Connectivity is an important and integrated part of Xplora´s offering. Xplora has since 2017 offered connectivity solutions in Norway, extending to Sweden, Finland and Denmark in recent years. Starting in Q3 21 Xplora will expand its connectivity offering to Xplora smartwatch customers across Europe and North America.
Xplora has through an innovative and leading smartwatch offering combined with tailor made mobile subscriptions developed an unexplored market segment for mobile connectivity: children in the 4-11 year age group. With more than 65,000 mobile subscribers Xplora has reached a market penetration of 13% in the Norwegian market, still growing briskly. Subscriber- and penetration growth in the other Nordic markets is mirroring early market development in Norway and showing very strong growth.
"Reaching 100,000 mobile subscribers is an important milestone for Xplora, but also just the early steps into a vast market opportunity expected to develop rapidly in years to come. The Nordic markets alone continue to offer strong growth potential with nearly 2.5m children in the target age group, and with the rollout of Xplora Connect globally from Q3 21 we have strong ambitions for significant mobile subscriber growth and recurring revenue streams ahead" says Sten Kirkbak, CEO and founder of Xplora.
For further information please contact:
Sten Kirkbak, CEO +47 9220 3710
Mikael Clement, CFO +47 9900 8000
Karen Guillot Ruiz: Business Analyst +47 9488 5859
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 to the world. The company is headquartered in Norway with operations in leading European markets. The information contained in this statement has not been audited and may be subject to change.