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MWR.AX - SPACETALK watch launched by Sky in UK!

Posted by Justin Rosenberg on 06-Aug-2019 12:29:36
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With the All Ords down 2.9% today, MGM Wireless Limited (ASX:MWR) is up 3.4% to $3.61 thanks to today's announcement about their agreement with Sky, Europe’s leading media, entertainment and communications company, which will sell the SPACETALK children’s smartwatch mobile phone in the UK. 

Sales of the SPACETALK smartwatch will commence today at 9:00am London UK time, August 6 2019 through

Spacetalk watch

 Sky Mobile. Sky will sell SPACETALK on a £10 per month plan for 36 months, which includes the SPACETALK watch, mobile services and accompanying AllMyTribe App. The Company will receive full wholesale
payment and will recognise full revenue when the device is sold to Sky.

This launch with Sky in the UK represents another major milestone for the Company and represents the second major mobile network operator to stock SPACETALK.

There will be an investor call tomorrow, Wednesday 7 August, 11.00am AEST.
The call number for investors is +61 2 8047 9393 and the pin code is 81237438#.

Click here for the full announcement.

About Sky


Sky is Europe's leading media, entertainment and telecommunications company with 23 million retail subscribers and 61% market share in UK and Ireland. Sky operates in 7 territories including 4 out of 5 of the largest entertainment markets in Western Europe. It is the #1 brand in entertainment with substantial reach of more than 120 million people across Europe.
Sky logo big

Sky Mobile is the most recent addition to the group with 1 million subscribers and 79% market awareness of its services across its customers. Sky mobile enjoys a 41% share of iPhone XS handset sales. Sky is part of the Comcast group listed on the NYSE with over US$100 billion in revenue and over 54 million customers worldwide.


About SPACETALK
SPACETALK is regarded as the market leader in the new and emerging product category of
children’s smartwatch + mobile phones. SPACETALK is an all-in-one children’s smartwatch, mobile
phone and GPS device that allows parents and children to be in constant contact without exposing
their kids to the dangers of social media apps and unrestricted access to the Internet.
Specifically designed for young children between the ages of 5 and 12, SPACETALK allows parents
to be in constant contact with their children without exposing them to the dangers of social media,
apps and unrestricted Internet access. It’s considered to be a safe and responsible, parent
controlled mobile phone specifically for young children before they get a smartphone for adults.
Developed in Australia, and one of the first mobile devices of its type worldwide, the child can make
or receive calls from a list of contacts parents choose in the AllMyTribe® smartphone app. If the child
needs help, a special SOS alert function can be customised to call parents and other guardians.
Parents can see their child's location on their smartphone and the AllMyTribe App features alerts so
whenever children leave designated safe spaces such as school or home, parents are notified. A step
counter tracks the wearer’s physical activity.

SPACETALK has been independently verified by leading international cyber security experts as
using best in class, world’s best practice security and privacy features built in. It also meets
European GDPR Data Privacy regulations. All data is hosted in Australia or UK in highly secure data
centres and protected by European GDPR Privacy and Data Security regulations, so privacy and
security are assured. To learn more please visit: www.spacetalkwatch.com

About MGM
MGM Wireless Limited is a technology company designing, developing and commercialising a
smartphone + watch wearables device for children, and software for school communication and
student absence management.

The Company’s AllMyTribe division has developed a children’s all-in-one smartphone, watch and
GPS device called SPACETALK, which allows two-way 3G phone calls and SMS messaging to a
parent-controlled list of contacts. Other features include GPS tracking to alert parents whenever
children leave designated safe spaces, such as school or the home.

MGM Wireless built its track record with school communication solutions after discovering in 2002
the SMS as a powerful method for parent engagement. The Company went on to create the
world’s first SMS based Automated Student Absence Notification Solution and many other
innovations since then. It is recognised as a global leader and pioneer in socially responsible and
technology-enabled school communication.

MGM Wireless products include student absence notifications ‘messageyou’, absence analytics
software ‘Watchlists’, school news and messaging app ‘School Star’, a content management and
messaging platform for mobile school communication called Outreach+, and student attendance
management solution ‘RollMarker’.

Used by over 1400 schools and 1.7 million parents, the Company’s school communication solutions
empower schools to effectively communicate and engage parents and caregivers through SMS,
mobile in-app and other means to improve student attendance and safety, help schools reduce
operating costs and increase parent engagement. To learn more please visit:

Please contact us for further queries or subscribe (on the right of this page) to receive further updates.
 
Justin Rosenberg
Corporate Finance - Executive Director
Gleneagle Securities (Aust) Pty Limited
Level 27, 25 Bligh Street, Sydney NSW 2000
Ph: +612 8277 6683
Email: justin.rosenberg@gleneagle.com.au
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Topics: Technology, microcap, Announcement