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.
