SYDNEY, AUSTRALIA: Spacetalk Ltd. announced its North American launch; online through Amazon, Walmart, Best Buy and Spacetalk websites.
Amazon, Walmart and Best Buy together account for nearly 50% of all retail e-commerce in the United States1. In Canada, Best Buy holds an approximately 35% market share for electronics and appliances2. Spacetalk is targeting to launch with these retailers in the first week of December 2021.
As part of Spacetalk’s North American launch, Spacetalk also announces an enhancement to its pricing model. Coming in calendar 2022, Spacetalk will offer a new line of premium in-app purchases and subscriptions to complement its Spacetalk App.
The addition of premium in-app purchases and subscriptions to Spacetalk’s revenue mix will permit Spacetalk to customise and enhance its offering for local conditions and preferences through a localised blend of fixed (device) and variable (app and in-app) fees.
The financial impact on Spacetalk of selling through these businesses and in enhancing its business model is currently unknown, with no guaranteed or minimum level of revenue.
However, the Company expects it to have a direct positive impact on the total revenue of the Company and be reflected in the disclosure thereof.
Spacetalk CEO Mark Fortunatow said: “We are exceptionally excited to launch in North America, particularly with businesses of the brand and scale of Amazon, Walmart and Best Buy. North America presents a phenomenal opportunity for Spacetalk to enhance our distribution and brand recognition.
We are optimistic that Spacetalk’s quality and proprietary end-to-end developed technology and brand will be key selling propositions in the North American market.
We look forward to working with Amazon, Walmart and Best Buy to continue to grow and nurture the smartphone watch category”.
Spacetalk Ltd. (ASX: SPA) is a global technology provider of secure communication solutions for families to stay connected and protected.