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Spacetalk (ASX:SPA) - CEO, Mark Fortunatow
CEO, Mark Fortunatow
Source: Concordia College
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  • Spacetalk (SPA) inks commercial agreement to roll out smartphone GPS watches for children, across stores in the UK
  • The deal between Telefónica UK (O2) and Spacetalk’s UK distributor has set the target launch for the ‘Adventurer’ smartphone watch for Q1 2022
  • The financial impact of selling through O2 is currently unknown, with no guaranteed or minimum level of revenue
  • Spacetalk’s CEO believes the deal is integral to the marketing and growth of its products
  • Shares are trading 12.9 per cent higher at 17.5 cents at 2:46pm AEST

Spacetalk (SPA) has inked a commercial agreement to roll out its range of smartphone GPS watches for children, across stores in the UK.

The deal between Telefónica UK (O2) and Spacetalk’s UK distributor will see the ‘Adventurer’ smartphone watch for kids stocked in all O2 branded stores in the UK and online, with the launch set for quarter one, 2022.

O2 is the UK’s largest network with more than 36 million connections, providing 2G, 3G, 4G and 5G services and operating a nationwide O2 Wifi service.

SPA said the financial impact of selling through O2 is currently unknown, with no guaranteed or minimum level of revenue, however, the company expects there will be a direct positive impact on its total revenue.

Spacetalk’s range of smartphone GPS watches for children and seniors, provide a secure way for families to connect and include a range of different interactive features.

The ‘Adventurer’ is the premium version of the watch, offering more features than the standard watch, including a longer battery life, camera and Bluetooth.

Adventurer will mark O2’s first entry into the kids’ smartphone watches category, with O2 supporting the launch of Spacetalk across all of its consumer channels.

Additionally, the device will be available on O2’s custom payment plans available over three and up to 36 months.

Spacetalk’s CEO Mark Fortunatow said the company will benefit from O2’s customer reach and by having a “bricks-and-mortar” retail presence throughout the UK, which he said is “critical to effectively marketing and growing the category, and building consumer awareness of Spacetalk products”.

Shares were trading 12.9 per cent higher at 17.5 cents at 2:46pm AEST.

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