Oslo/London 5 April 2022 – Xplora Technologies AS (“Xplora”, “the Company”) has signed a partner wholesale agreement with IQ Mobile Ltd, establishing Xplora as a mobile service provider in the UK market from late Q2 2022.
The agreement will allow Xplora to bundle our smartwatches with Xplora-branded SIM cards and offer Xplora Connect services in the UK market, delivering on our strategy of moving from device-centric to solution- and service oriented and driving new, profitable revenue streams. Xplora will leverage on this agreement to further penetrate the UK market by targeting new retail distribution channels and offer bundled offerings with preinstalled SIMs and connectivity services in large online marketplaces.
Xplora is operating as a mobile service provider in Norway, Sweden, Finland and Denmark, and has reached a market penetration of more than 5% in the Nordic markets combined and 17% in Norway. The Company has announced a target of extending service provider operations to 1-3 new markets in 2022. The UK marks Xplora's first new market with mobile service provider operations outside the Nordics.
“This agreement is a milestone in extending our highly successful and profitable Nordic mobile service provider model and value-added services to new markets” says Sten Kirkbak, CEO and Founder of Xplora. “Offering bundled connectivity and value-added services are key elements of our growth strategy, driving growth, scalability, operating leverage and profitability in our business model.”
"IQ Mobile is excited to support Xplora in their launch of mobile services into the UK market, offering a tailored mobile plan for the Xplora range of smartwatches” says Peter Gradwell, CEO of IQ Mobile Ltd.
“The UK market represents a major market opportunity for Xplora, with close to 6m children in the Company’s target age group. Xplora has been present in the UK market for 3 years and recently announced the UK telecom operator EE as a partner and distributor of Xplora devices. Other retailers offering our industry leading devices in the UK market include Currys, John Lewis, JD Williams, Studio, Comet and Maplin” says Kjetil Fennefoss, SVP Device & Connectivity at Xplora.
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
Karen Guillot Ruiz, Business Analyst +47 9488 5859 karen.guillot@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.
About IQ Mobile: IQ Mobile is a UK Mobile Virtual Network focused on making it easy for companies like Xplora who seek a rapid and affordable entry into the UK mobile market. We provide a complete toolkit of portals, APIs and systems which allow brands to launch an integrated and customised proposition without the barriers typically associated with an MVNO.
IQ Mobile is lead by Peter Gradwell, a leading UK telecoms entrepreneur and was launched in 2020. His first business, Gradwell Communications, was an early market entrant in the Internet/Cloud Telephony space for a large number of UK small businesses and IQ’s mission is to provide similar disruption in the mobile market.
IQ Mobile operates on the UK’s best network, offering a full suite of services including 5G and calling integration with Cloud PBX providers. www.helloiq.co.uk
