Spacetalk's Collaboration Agreement with Safety Link

Spacetalk Limited (ASX: $SPA) has recently signed a collaboration agreement with Safety Link, a 24/7 monitoring provider and part of Grampians Health, Victoria. The non-exclusive agreement allows both parties to terminate with 90 days' notice after an initial 12-month term. This move significantly increases Spacetalk's total addressable market, particularly in the growing seniors safety sector.

Executive Commentary on Collaboration Agreement

We are pleased to announce our collaboration agreement with Safety Link, which marks our entry into the mPERS and 24/7 safety monitoring market. This strategic move aligns with our commitment to providing safety and security solutions for families and individuals. The agreement with Safety Link, a reputable 24/7 monitoring provider, reflects our dedication to expanding our market presence and addressing the safety needs of seniors and vulnerable individuals. We believe this collaboration will enhance our position as a leader in family safety and connected wearables industry.

Summary of Spacetalk's Collaboration Agreement

Spacetalk Limited (ASX: $SPA) has expanded its market presence by signing a collaboration agreement with Safety Link, a 24/7 monitoring provider and part of Grampians Health, Victoria. The non-exclusive agreement allows both parties to terminate with 90 days' notice after an initial 12-month term, with a 12-month extension period. This move significantly increases Spacetalk's total addressable market, particularly in the growing seniors safety sector. While the financial impact is yet to be quantified, the company's strategic entry into the mPERS and 24/7 safety monitoring market reflects its commitment to providing safety and security solutions for families and individuals. Spacetalk's unique ecosystem and technology platform position it as a leader in family safety and connected wearables industry, offering a complete digital communication solution to support safety and security for families and remote employees. The collaboration agreement with Safety Link marks a pivotal step in Spacetalk's corporate strategy, aiming to address the safety needs of seniors and vulnerable individuals while expanding its market reach.