Spacetalk targets $1.6M in European expansion
By Brie CarterKey points
- Spacetalk signed sales representation agreements with TIOGO in the United Kingdom and VALOQ in Germany.
- The agreements set combined non-binding hardware sales targets exceeding $1.6 million over the next 12 months.
- The expansion aims to scale European distribution and introduce households to Spacetalk's recurring digital safety ecosystem.
Spacetalk (ASX:SPA) signed new European sales agreements targeting over $1.6 million in first-year hardware revenue.
The commercial partnerships expand the Australian wearable maker's distribution reach into the United Kingdom and German markets.
Under the deals, TIOGO will handle British representation, while VALOQ manages market engagement and distribution across Germany.
The company stated that the non-binding hardware sales target excludes all mobile connectivity and application subscription revenue.
Following the announcement, the Spacetalk share price was up at $0.078.
Spacetalk stated that hardware sales provide opportunities to connect customer households to its recurring subscription ecosystem.
The business develops connected smartwatches and software platforms designed for child safety and communication without internet browsing.
