Oslo, 12 June 2024 – Xplora Technologies AS ("Xplora") is pleased to announce a new Premium Reseller agreement with Telenor Connexion, aimed at expanding Xplora's IoT connectivity services across Europe and beyond. The agreement enables Xplora to offer 4G connectivity under its own brand to 3rd party device manufacturers and operators, allowing Xplora to scale its service revenue independently of its device sales.
Under this agreement, Xplora will offer connectivity services to 3rd party IoT devices throughout Europe, with potential global expansion. The European market alone has an estimated 70-100 million 4G connected IoT devices, including smart meters, agricultural sensors, connected vehicles, and wearables, and is expected to grow significantly over the coming years.
This partnership, targeting a launch in Q3 2024, will enable Xplora to offer Software as a Service (SaaS) solutions independently of its smartwatches. This initiative is expected to broaden Xplora's service offerings and drive revenue growth.
"We are excited to partner with Telenor Connexion," said Sten Kirkbak, CEO of Xplora Technologies. "This agreement will allow us to deliver innovative IoT connectivity solutions to a multitude of industries, scaling our market reach and value proposition."
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.
