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Xplora captures 49% of net mobile subscriber growth in Norway

Xplora captures 49% of net mobile subscriber growth in Norway

Oslo, 27 January 2023 – Xplora Technologies (‘Xplora’ or ‘the Company’), Europe’s leading smartwatch company for kids, captured 49% of net growth in mobile subscribers in Norway from H1 2017 through H1 2022, epitomizing the strong growth for children´s smartwatches and the family IoT space.

Market statistics from the Norwegian Communication Authority (NKOM) shows that Xplora captured 49% of the net growth of mobile subscribers in the Norwegian market in the 5-year period H1 2017 through H1 2022.  Xplora exited 2022 with 156,900 mobile subscribers, up 27% y/y.

“In Norway Xplora has driven strong penetration in the category, and we are proud that one in five children in the age group 4-10 uses an Xplora smartwatch with an Xplora SIM subscription. We are generating similar penetration growth in our other Nordic operations, and are now replicating this successful and profitable business model to five new markets.  This is a strong accomplishment and an exciting position in a market still in early development” says Xplora CEO Sten Kirkbak.

Xplora recently received the Best of Innovation Award at the most influential tech event in the world CES 2023 in Las Vegas, NV. This week Xplora Mobile, the Company’s connectivity division, won the DN Gazelle Innovation Award 2022, after having generated revenue growth of 467% 2018-2021.

Xplora has replicated its successful mobile service provider model to the three other Nordic countries Sweden, Finland and Denmark in recent years and further to Germany, the UK, Spain, France and the US in 2022. With a mobile service provider platform across nine major markets Xplora has a broader footprint than even the largest Nordic telecom operators.

For further information please contact:
Sten Kirkbak, CEO +47 9220 3710
Mikael Clement, CFO +47 9900 8000

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. Xplora is listed on Euronext Growth under the ticker symbol XPLRA.

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