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Spacetalk (ASX:SPA) - CEO, Mark Fortunatow
CEO, Mark Fortunatow
Source: Concordia College
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  • Spacetalk (SPA) was up as much as 100 per cent today after announcing Telstra (TLS) would sell its devices across all stores from April
  • Initially, the company’s smartwatches will be available for outright purchase or on a repayment option which can be added to Telstra customers accounts
  • To help with sales, Spacetalk will recruit 100 members with knowledge on the product and display billboards throughout Melbourne and Sydney
  • The Spacetalk smartwatch allows parents to communicate with their children through 3G text messages and mobile calls without allowing access to the internet
  • This means that popular social media apps such as Facebook, Instagram and Snapchat cannot be accessed or used on the device
  • Shares in Spacetalk are still up a healthy 95.5 per cent, trading at 21.5 cents

Spacetalk (SPA) was up as much as 100 per cent today after announcing Telstra (TLS) would sell its devices across all stores from April.

Initially, Spacetalk’s Adventurer devices will be available for outright purchase or on a repayment option where existing Telstra customers can add a Spacetalk device to their account.

The companies are working together to build a monthly SIM service plan which will simplify the offering for customers and allow Telstra to add new users.

To help with sales, Spacetalk will recruit 100 members with knowledge on the product to drive growth.

Additionally, retail digital displays and billboards will be present at Telstra’s stores in Melbourne and Sydney.

“Smartwatches are the fastest growing market for wearables globally and the addition of Spacetalk will strengthen Telstra’s connected smartwatches offering,” Telstra Retail and Regional Executive Fiona Hayes said.

“Spacetalk is a market leader in Australia in connected smartwatches for children and seniors, providing a practical solution for families to stay connected,” she added.

Spacetalk’s smartwatch allows parents to communicate with their children through 3G text messages and mobile calls without allowing access to the internet.

This means that popular social media apps such as Facebook, Instagram and Snapchat cannot be accessed or used on the device.

Parents are able to block calls and messages from unknown numbers and will be notified if any try to call.

Furthermore, it boasts the likes of GPS tracking that can send timed updates on the wearers’ location.

“We are delighted by the ranging of Spacetalk Adventurer with Telstra, Australia’s leading telecommunications and technology company,” CEO Mark Fortunatow commented.

“This is a very strong endorsement of the quality of Spacetalk devices, with Adventurer to be placed on Telstra’s core wearable device range,” he added.

Shares in Spacetalk are still up a healthy 95.5 per cent, trading at 21.5 cents at 11:36 am AEDT.

SPA by the numbers
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