Oslo, 8 December 2023 – Xplora Technologies AS ("Xplora") is pleased to announce a revenue sharing agreement with a new, undisclosed Nordic Telco. This is Xplora’s third revenue sharing agreement in the Nordics, for a total of four revenue share agreements globally.The Telco has already started selling Xplora smartwatches through their internal distribution channels. Xplora receives a monthly recurring service revenue in addition to the traditional hardware margin. As previously announced, Xplora aims to continue the expansion of its new, innovative recurring revenue model to all current markets.
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.