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Xplora Technologies AS successfully completes phase one of agreement with Brodos AG

Xplora Technologies AS successfully completes phase one of agreement with Brodos AG

Oslo, 26 June 2023 – Xplora Technologies AS ("Xplora" or "the Company") is pleased to report that the Company has completed the first phase of its agreement with Brodos AG, initially disclosed on 10 May 2023. This initial phase has generated a one-time revenue of 30 million NOK, contributing favorably to Xplora’s financial performance.

“With the successful delivery of phase one, we have set the stage for a continued partnership with Brodos AG. We’ve now turned our focus to the second phase, which is already in motion with the next delivery slated for July 2023” says Sten Kirkbak, CEO of Xplora.

To conclude, we would also like to add a reminder that Xplora’s Q2 presentation is scheduled for 17 August 2023.

For further information please contact:
Sten Kirkbak, CEO +47 922 03 710,
Jonas Ringstad, Interim CFO +47 406 39 886,

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 Brodos AG:
With its headquarters in Baiersdorf, around 450 employees and sales of over 700 million euros (FY 2021/2022), Brodos - founded in 1991 – is one of the largest mobile service providers. Brodos AG has held an outstanding central position as a service provider in the German mobile communications market for over 30 years and is a strategic partner of all leading manufacturers (Apple, Samsung, Motorola, Nokia, Xiaomi and many more) as well as all German network operators (Telekom, Vodafone, Telefónica, 1&1).

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