Oslo 9 November 2022 -Xplora Technologies AS ("Xplora", "the Company") is pleased to announce that it today is live as Mobile Service Provider inFrance , allowing bundling of Xplora´s leading smartwatches for kids with Xplora Connect SIM. The offering will be further extended to premium services. As part of Xplora´s announced strategy to replicate its successful Nordic service provider model to key markets, Xplora has previously announced the Mobile Service Provider agreement withTransatel SA (subsidiary ofNTT Ltd ) inFrance . Following a period of testing and calibration the Company is today live as Mobile Service Provider inFrance .France is of strategic interest for Xplora, representing a large market potential with 5.4m children aged 4-10 years according to UN population data.France represents an untapped market for children's smartwatches, where Xplora can make an impact with a proven go-to-market strategy. Xplora has recently established presence inFrance and with no channel legacy the Company will explore and develop a focused online sales strategy to maximize the connectivity ratio on smartwatch sales to drive profitability and agile market operations. Xplora´s bundled connectivity service is offered online through Amazon and will be introduced in Xplora's web shop. The connectivity offerings are tailored to the Company´s smartwatches: · Flexible monthly subscription plan · 12-month subscription plan · 24-month subscription plan · 12-month up-front payment subscription plan The Xplora Connect offering will be further extended to premium subscription plans including access to Xplora´s upcoming Goplay platform services. Xplora has an announced strategy to extend connectivity services to key markets outside the Nordic region in 2022, moving from device-centric to solution- and service oriented and thereby driving new, profitable revenue streams. Xplora has secured a growing base of 144k subscribers in the Nordic market, representing a penetration rate of 6.7% in the target market of kids aged 4-10. InNorway , the market where Xplora has the longest track record, Xplora has secured a penetration of 18.9%. Nearly all Xplora smartwatches sold are bundled with Xplora Connect SIM cards in the Nordics, allowing the customer to have a smoother onboarding and driving improved customer satisfaction. For further information please contact:Sten Kirkbak , CEO +47 9220 3710, sten.kirkbak@xplora.comMikael Clement , CFO +47 9900 8000, mikael.clement@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 inNorway with operations in leading European markets. Xplora is listed on Euronext Growth under the ticker symbol XPLRA.
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