Category

Uncategorised

The Spacetalk Adventurer gives parents peace of mind while their child is out exploring

By UncategorisedNo Comments

Source: https://www.t3.com/us/news/the-spacetalk-adventurer-gives-parents-peace-of-mind-while-their-child-is-out-exploring

The Spacetalk Adventurer is a brand-new smartwatch and phone designed to give you more peace of mind and to give kids the confidence to go explore and seek out new adventures.

As well as being a communication device, the smartwatch also contains a 5MP camera for any budding photographers to capture their favourite memories, as well as a heart rate monitor and step counter that can help your youngster keep an eye on their fitness.

The Spacetalk Adventurer has no open access to the internet or social media, meaning your child won’t be distracted or exposed to any age-inappropriate content, while School Mode limits which features can be used during school hours so kids can focus on their work.

The smartwatch will even give out Reward Stars for good behaviour to help to motivate children to complete their chores and set themselves goals to achieve.

4G calls, SMS, chat and accurate GPS technology will keep your child connected, and there’s a Safe Contacts list that is pre-approved by you, so you know exactly who your child is talking to.

The smartwatch features an SOS Alert button which sends an alert to you with your child’s exact location should they ever find themselves lost or in need of help.

For additional peace of mind, you can manage everything on the device via the Spacetalk App. The app can even be installed on multiple devices so parents, grandparents – and even the whole family – can stay connected.

The Spacetalk Adventurer kids smartwatch is available in three colours – Midnight, Ocean and Coral, and is designed to take a beating, being dustproof, splashproof and protected for up to 30 minutes underwater to a depth of one metre.

The ultra-long battery life means the device will keep up with even the most active kids.

The Spacetalk Adventurer Kids smartwatch retails at £189, or O2 customers can get their hands on the Spacetalk Adventurer smartwatch, with no upfront cost on a 24-month custom plan for £7.88 a month with a £5 monthly airtime plan.

This includes unlimited minutes, unlimited texts and 1GB of data as well as inclusive access to the exclusive Spacetalk parental control app (standard price £3.99 per month).

Anyone who purchases the device before 6 October 2021 will also receive free airtime for the first three months.

Quarterlies Top 5: Sequoia Financial takes the cake this morning

By UncategorisedNo Comments

Source: Stockhead

Financial company Sequoia (ASX:SEQ) was the top ASX stock among those which released their quarterly reports or other financial updates this morning.

ASX companies have to lodge quarterly reports by the last trading day of January, April, July and October.

If they don’t they risk suspension and consequential panic and anger from shareholders.

 

Sequoia (ASX:SEQ)

This company is a diversified financial stock offering capital markets services, wealth management as well as trading platforms.

While it noted the March quarter was positive, what drew investors’ attention may have been its updated guidance.

In February Sequoia estimated $110 million in revenue with earnings of $7 million. It now expects earnings to be between $8.5 million and $9 million and revenues could be as high as $120 million.

This would be a sharp increase from FY20 in which it only made $84.5 million in revenue and $4.82 million in earnings.

Sequoia (ASX:SEQ) share price chart

 

Pointerra (ASX:3DP)

The geospatial analytics and data stock more than doubled its quarterly cash receipts from the last quarter, up to $1.37 million from $0.64 million.

It also reported a cashflow positive quarter of $0.21 million.

Pointerra says the continual recovery from COVID-19 in many of its key clientele sectors is driving demand, particularly in construction and oil.

Shares are over 10 times higher than a year ago, having begun to take off in July last year when tech entrepreneur Bevan Slattery made an investment into the company. But shares grew another 16 per cent today.

Pointerra (ASX:3DP) share price chart

 

 

Spacetalk (ASX:SPA)

The smartwatch company reported 110 per cent year on year growth in group revenue and a 72 per cent gain in app Annual Recurring Revenue.

It noted its Compound Annual Growth rate in the latter figure has been 273 per cent going back to the start of FY19.

SpaceTalk also reminded shareholders of its partnerships in the last quarter, most notably with Telstra, and that it won the prestigious Red Dot Design Award.

Nevertheless, its schools business revenue did drop from $0.9 million to $0.7 million in a move the company put down to a normalisation of SMS volumes after the uptick recorded when COVID-19 first broke out.

Spacetalk (ASX:SPA) share price chart

 

Pureprofile (ASX:PPL)

The data technology company saw an earnings uplift of 150 per cent and revenue spike of 25 per cent.

After recording negative operating cash flow of $1.3 million in the last quarter, Pureprofile turned it around to $794,000 in positive territory.

Its highlight of the quarter was its partnership with Flybuys, in which it will help Flybuys launch a new platform called Pureprofile perks which will enable Flybuys members to earn points by answering surveys.

The company reiterated this will create the largest insights panel in Australia and further drive company growth.

Pureprofile (ASX:PPL) share price chart

 

Bod Australia (ASX:BOD)

Rounding out the list was medicinal cannabis, CBD and hemp stock Bod which reported a 188 per cent increase in invoiced sales compared to the previous quarter.

The company credited the gain from $0.95 million to $2.74 million to the roll-out of its products in the European markets.

It also told shareholders it hopes to progress US market entry and continue to grow sales in Australia and the UK during this quarter.

Bod Australia (ASX:BOD) share price chart

Telstra to sell Spacetalk devices

By UncategorisedNo Comments

Source: The Motley Fool

Highlights
  • Telstra, Australia’s leading telecommunications and technology company, to sell Spacetalk Adventurer devices in Australia
  • Adventurer to be placed on Telstra’s core wearable device range, and sell across Telstra’s national footprint of branded retail stores and online channels
  • Target launch in April 2021. Exhaustive device testing and certification by Telstra in final stage of completion
  • Available for outright purchase or on a Telstra hardware repayment option
  • Strong endorsement by Telstra of the customer need for Spacetalk devices, our leading market share and continuing strong sales growth

Spacetalk Ltd. (ASX ticker: SPA, https://www.spacetalkwatch.com/), developer of innovative technologies that keep families safe and connected, is pleased to announce that Telstra Corporation Limited (“Telstra”) is to commence selling Spacetalk Adventurer devices across all Telstra retail stores and online channels in Australia, with a target launch in April 2021.

Telstra is Australia’s largest Mobile Network Operator (“MNO”), with a market-leading 19 million retail mobile services, the largest footprint of company branded bricks and mortar retail stores in Australia, and a strong online retail presence. Telstra will range Spacetalk Adventurer across its entire retail store network in Australia and Telstra online channels.

Telstra Retail and Regional Executive Fiona Hayes said: “Smartwatches are the fastest growing market for wearables globally and the addition of Spacetalk will strengthen Telstra’s connected smartwatches offering. Spacetalk is a market leader in Australia in connected smartwatches for children and seniors, providing a practical solution for families to stay connected.”

Spacetalk Adventurer will be placed on Telstra’s core wearables device range post completion of the final stages of exhaustive device testing and certification with Telstra, ensuring Adventurer is optimally configured for Telstra Australia’s network frequency bands.

Spacetalk’s range of all-in-one smartphone GPS watches for children (Spacetalk Kids and Spacetalk Adventurer) and seniors (Spacetalk Life) are purpose built with tailored features, design qualities and best practice data encryption, security and privacy technologies, for families to stay confidently connected. Fun, fashionable, secure and technologically advanced, Spacetalk devices deliver confidence for the child and senior wearer, enhanced controls for the guardian, and engaging functionalities for the whole family to stay connected.

The Spacetalk App is designed to provide a family environment for fun, engaging and secure media consumption beyond its device control functionalities for the guardian. Every linked contact – parents, grandparents, extended family members and friends – regardless of whether they are Android or iOS users, can interact with linked Spacetalk devices and each other through the Spacetalk App.

Go-to-market planned by Spacetalk and Telstra for the launch will include:

  • Joint marketing involving PR, influencer activity, digital marketing and eDM’s
  • Spacetalk being included in the Telstra Champions program, involving approximately 100 self-nominated staff members, trained as experts on Spacetalk who will help to drive product knowledge and sales in retail stores
  • High impact retail digital displays and billboards at Telstra’s icon stores in Sydneyand Melbourne.

Spacetalk Adventurer devices will initially be available for outright purchase or on a Telstra hardware repayment option where Telstra customers with a new or existing Telstra service (mobile plan, ADSL, NBN) can add a Spacetalk device to their Telstra account and pay for the Spacetalk devices on their bill over 12 or 24 months.

Telstra is working with Spacetalk towards building a compelling monthly SIM service plan specifically for Spacetalk devices which will simplify the offering for Spacetalk customers and allow Telstra to add new mobile service subscribers to their network.

Spacetalk CEO Mark Fortunatow said: “We are delighted by the ranging of Spacetalk Adventurer with Telstra, Australia’s leading telecommunications and technology company. This is a very strong endorsement of the quality of Spacetalk devices, with Adventurer to be placed on Telstra’s core wearable device range. It is also a recognition by Telstra of the growing market and customer need for Spacetalk devices, and our leadership in the category of kids connected smartwatches. Needless to say, we are extremely excited by the enhanced brand recognition and sales growth we expect from extending our customer reach with Australia’s largest MNO.”

Spacetalk was founded in 2001 and listed on the ASX in 2003 as MGM Wireless Limited, which developed the world’s first SMS student absence notification platform for schools and went on to become Australia’s most successful school messaging company. On 12 November 2020 the Company changed its name to Spacetalk Ltd (ASX ticker: SPA).

Kids’ tech ASX stocks: It’s been a big few months

By UncategorisedNo Comments

Source: Stockhead.com.au

A handful of ASX tech stocks offer solutions for kids and some have made significant advances in recent days.

One of these is SpaceTalk (ASX:SPA) – formerly known as MGM Wireless – which makes smartphone watches that are purpose-built for children.

This morning it unveiled the next generation of its watches – Spacetalk Adventurer – as well as a new app that allows parents and kids to communicate with each other. .

It claims to have the largest battery in the category at 750mAh as well as a GPS locator with improved accuracy.

“The launch of the new Spacetalk Adventurer and new Spacetalk App is a huge achievement for the kids-connected wearables category and our company,” declared Spacetalk CEO Mark Fortunatow.

SpaceTalk’s (ASX:SPA) watch (Pic: SpaceTalk)

Another stock that has had a big week is Tinybeans (ASX:TNY) which calls itself a “modern family album app”.

The stock listed in 2017 at $1 per share then dropped and stagnated for a couple of years as investors feared about its cash flow. But shares have never looked back since 2019 when it began winning major advertisers – starting with Lego.

Yesterday Tinybeans told shareholders the current quarter was on track to be a record for the company.

It expects revenue to be up 146 per cent from the prior corresponding period and 24 per cent on the prior quarter. Monthly Active Users surpassed the 4.6 million mark, which is up 15 per cent from last quarter and 260 per cent from a year ago.

Shares are up over 25 per cent since that announcement.

 

Which other ASX stocks are in the kids tech sector?

Two other kids tech stocks are Silicon Valley export Life360 (ASX:360) and Family Zone Cyber Safety (ASX:FZO).

Life360 is a child-tracking app which listed on the ASX in 2019.

Since listing its shares have always traded below its $4.79 IPO price. Nevertheless, it has seen revenue and user growth this year – albeit to a lesser degree than TinyBeans.

As for Family Zone, it is a cyber safety platform aimed at kids.

It provides blocking and control services around online content, including managed screen time, social media restrictions and measures aimed to restrict cyber bullying.

The company has been a beneficiary of COVID-19, having surged from 8 cents in March to over 40 cents today.

It has benefited from the rise of remote learning as well as hype about the cybersecurity sector more broadly since the Federal Government announced an investment into the sector.

There are also a number of so-called edtech stocks, which assist with online learning. While there are a handful, only one is directly experienced by kids and that is  3P Learning (ASX:3PL).

This stock is the company behind online learning programs Mathletics and Spellodrome, among others.

It is currently amidst a takeover offer from rival company IXL.

 

Rapid growth in wearables market wins Spacetalk place in the Deloitte Technology Fast 50

By UncategorisedNo Comments

Rapid growth in demand for children’s safety devices has driven 281% growth for smartphone watch innovator Spacetalk, and won the ASX company a coveted place in the Deloitte Technology Fast 50 Australia, announced yesterday.

Founded in 2001 as MGM Wireless with a focus on SMS messaging for the education sector, Spacetalk formally changed its name last week to reflect its new focus on wearable technology that keeps families safe and connected.

The shift from school messaging to family-friendly wearables was organic, based on our years of experience working with families and schools, but even we were amazed by the demand from parents when the first Spacetalk kids’ smartphone watch hit the market in 2017,” ­­said CEO and Executive Chairman Mark Fortunatow.

“The result has been this surge in revenue, and with new products about to hit the market, we are intent on keeping up that momentum. We are delighted to be recognised alongside the most successful high-growth tech companies in Australia with a sought-after Deloitte Fast 50 ranking.”

Now in its 20th year in Australia, the Deloitte Tech Fast 50 list ranks fast growing technology companies, public or private, based on percentage revenue growth over three years.

Deloitte Tech Fast 50 lead Josh Tanchel commended all the winners for their resilience in a challenging year, saying the 2020 list had shown “incredible leadership, agility, foresight, passion and perseverance”.

Mr Fortunatow thanked Spacetalk’s management and staff for their own passion and hard work during a year of uncertainty.

“We share the same common purpose as our founding team nearly 20 years ago, when our technology was designed to make sure children arrived at school safely,” Mr Fortunatow said. “The school SMS service alerted parents if their child hadn’t arrived at school, but the first question parents asked was ‘Where is my child?’”

By listening to parents’ concerns, and after three years of research and development, the company launched its first wearable device in 2017: the highly successful Spacetalk Kids, a smartphone built into a wristwatch designed for children aged 5 to 12, with a GPS service to allow parents to quickly locate their child from the companion app on their own phone.

The company’s R&D team went on to respond to another market need – a mobile phone built into a wristwatch with safety and other features important to the seniors market.  Spacetalk Life for seniors, a new Spacetalk App and a next-generation Spacetalk Kids 2 model will all reach retail stores before Christmas.

“Spacetalk is a significant business, already over 3 times bigger than our school business,” Mr Fortunatow said. “We’re now the leader in this fast growing and huge new family wearables market.”

During this remarkable shift, the company has grown from 15 to 44 employees, with revenue up 47% to $10.7 million and office locations in London, Glasgow, Shenzhen, Melbourne, Sydney and headquarters in Adelaide.

About Spacetalk Ltd.

Spacetalk Ltd. is an Australian Stock Exchange listed technology company that develops innovative technologies to enrich connections between families, schools and society.

Founded in 2001 as MGM Wireless, the Company developed the world’s first SMS student absence notification platform for schools. MGM Wireless listed on the ASX in 2003 and went on to become Australia’s most successful school messaging company.

Leveraging this history and deep understanding of school and family communication and student safety, the Company set out in 2017 to conceive, develop and launch a safe technology ecosystem for families. The market-leading Spacetalk range of all-in-one smartphone watches for children and seniors and the companion family app platform are purpose built with tailored features, design qualities and data protection for families to stay confidently connected.

The Company changed its name to Spacetalk Ltd. on 12 November 2020.

To learn more about the Spacetalk devices and app platform, and the Company, please visit: https://www.spacetalkwatch.com/.

Name change to help Adelaide tech company walk the talk

By UncategorisedNo Comments

An Adelaide company that initially made its mark by pioneering school messaging systems has changed its name to help it ramp up a global push into the smartwatch market.

MGM Wireless co-founder and executive chair Mark Fortunatow says the name change to Spacetalk Ltd reflects the company’s change in focus.

MGM Wireless co-founder and executive chair Mark Fortunatow says the name change to Spacetalk Ltd reflects the company’s change in focus.

MGM Wireless shareholders last week voted to change the company’s name to Spacetalk Ltd to reflect its move into the market for smartphone watches designed to keep families safe and connected.

The publicly-listed company was founded in Adelaide in 2001 and began developing applications for SMS communication in schools in 2002. It went on to create the world’s first SMS based Automated Student Absence Notification Solution and is now recognised as a global leader and pioneer in socially responsible and technology-enabled school communication.

More than 1200 schools and 1.7 million parents use its school communication products.

However, co-founder and executive chair Mark Fortunatow said the new company name was in line with the sharp growth in its wearables business, which now accounted for the majority of its revenue.

“Our Spacetalk devices business is already over three times bigger than our schools business,” he said.

“We’re now the leader in this fast-growing and huge new family wearables category.”

The South Australian company’s Spacetalk Kids smartwatch designed for children aged 5-12 launched in 2017 and has enjoyed success in Australia, New Zealand and the United Kingdom.

It also launched the Spacetalk Life wearable smartphone for the seniors market this year.

The companion AllMyTribe App has contributed more than $1.5 million of revenue so far this year.

The watch and app revenue was up 65 per cent in 2019-20 to $7.6 million with devices now sold in major retailers JB HiFi, Officeworks, The Good Guys, Spark (NZ), Sky (UK), Curry’s (UK), Harvey Norman (NZ) and most recently Vodafone.

Since the move into the wearables market, the company has grown from 15 to 44 employees with total revenue up 47 per cent to $10.5 million in the 2019-20 financial year. It also has offices in London, Glasgow, Shenzhen, Melbourne, Sydney and headquarters in Adelaide.

Fortunatow said new, related hardware and software apps for the families market were in the pipeline, with the Spacetalk App and Spacetalk Kids 2 launch set for later this year in time for Christmas.

He said the company had pursued a strategy of continuous innovation since its foundation in 2001 as one of the first developers of mobile SMS services for business markets.

“In the tech industry, you need to keep moving just to keep pace with the market, and our mission has always been to stay ahead, to own any market we enter,” he said.

“That’s led to many new product launches and expanding our customer base throughout Australia, New Zealand, India, the US and now the UK.”

The company developed messageyou, the first SMS student absence notification system, nearly 20 years ago, a school communication platform that it claims went on to save the lives of at least seven children.

As the team discovered new products, such as electronic rollmarking and cloud messaging, its customer base grew to encompass whole-of-government Education Departments as well as Independent and Catholic schools.

“As more and more schools adopted messageyou, parents would receive a personalised text from their school to say their child was absent without an explanation,” Fortunatow said.

“The parent’s next question was ‘where are they?’ This led to the development of a GPS tracking app, which had limited use as not all children carried mobile phones. But we knew from the demand that we were on to something.”

“We needed an ultra-secure device, one that children could safely carry, without the ability to access social media or internet.

“The idea of a mobile phone built into a wristwatch began to emerge and that’s how Spacetalk started.”

Spacetalk has a market capitalisation of $23.12 million with its share price rising to $0.14 from $0.12 a week ago.

MGM Wireless listed on the Australian Stock Exchange in 2005 with the ASX code MWR, and formally changed its name to Spacetalk Ltd – ASX: SPA – at its AGM on November 12.

The company’s original name was taken from the first initials of its three founders Mark Hurd, Greg Sincock and Mark Fortunatow.

The Good and Bad of Giving Your Child a Smartphone

By UncategorisedNo Comments

For as long as smartphones have been around, and even just standard mobile phones before them, there’s been a running conversation with parents about when it’s okay to give one of these devices to their child (for the sake of this article, we’re going to define “child” as being primary school age, or lower). Is it a matter of them reaching the right age or is it a case of them having developed the right level of maturity?

If you’re a parent who is currently sitting on the fence about whether or not it’s the “right” time to give your child a smartphone, we’ve broken down some of the pros and cons of giving them one.


Pros

Safety

This is probably the most obvious benefit of giving your child a smartphone. You’ll be providing them with a tool that they can use to contact you (their parent or guardian) or other trusted adults if they’re in an uncomfortable or dangerous situation. You’re also able to keep them updated about your own whereabouts, and/or if there are any changes to your pre-planned schedules. For example, you can let them know if you’re running a few minutes late to pick them up from school, or if they need to get a lift home with another parent.

It helps them stay connected

Giving your child a smartphone gives them the ability to connect and converse with their friends outside of school, while also giving them access to whatever piece of media is currently “in” at the moment. Having access to digital content, like Youtube, helps to keep them in the wider conversation with their schoolmates, which also helps to foster stronger bonds.

It can be used to teach them responsibility

Can your kid be trusted with a smartphone? At some point during our childhood, we all learn that we need to take proper care of our things – be it toys or clothing – and if we don’t take care of them, they can break. Smartphones can be fragile things, if treated carelessly, so teaching your child to value their possessions is an important life lesson for them.

Teaching your kid to respect and take responsibility for their possessions, along with the possessions of others, is a good way to teach them right from wrong, while also building a better sense of empathy for others. If your child is also on a pre-paid plan or a plan with a strict data cap, it also teaches them the value of self-control by being smarter with their usage.

Cons

The dangers of unfiltered access

As adults who have spent a fair portion of our lives online, we know how easy it is to take a wrong turn online and end up on a website that is either questionable in content, wildly inappropriate or both. This is knowledge that comes from experience – experience that your kid won’t necessarily have.

They can be an unfortunate distraction

In a study run by Microsoft Corp., they found that the average attention span of a person is now eight-seconds, one second less than the attention span of a goldfish. While another study, which measured the way alert and notification interruptions affect user’s attention, found that, “Participants reported higher levels of inattention and hyperactivity when alerts were on than when alerts were off. Higher levels of inattention in turn predicted lower productivity and psychological well-being.”

Setting boundaries for your child is an important step when it comes to ensuring smartphone use doesn’t lead to negative behavioural effects. Making rules about their usage is a good way to avoid them developing unfortunate habits during their formative years. Rules can also help them to avoid growing dependent on the dopamine hit that comes with getting Likes on their posts.

The risk of cyberbullying and online harassment

While owning a smartphone will allow your child to connect with their friends, it also opens up another route of connection to schoolmates they may have toxic relationships with. In a 2017 report published by the Australian eSafety commission, one in five Australian young people (under the age of 18) reported being socially excluded, threatened or abused online. There’s also the possibility that your child could be the one instigating the cyberbullying.

Can you get the good without the bad?

Over the last few years, we’ve seen smart devices that are designed to be used by younger children come onto the market. These devices aim to give your child the perks of owning something like a smartphone, without the negatives.

Take Spacetalk’s latest smartwatch, for example. It’s designed to be used by children as young as five-years-old, giving them the ability to make calls and send messages, but only to contacts authorised by their parents or other caregivers (via the associated app). There’s also no open internet access, which means no social media.

This smartwatch also allows parents to set a “School Mode”, which, when activated by a parent, helps minimise classroom distraction by turning off chosen features. The smartwatch also features advanced GPS capabilities, enabling parents to maintain oversight of where their kids are.

Spacetalk’s smartwatch is a device that your kid can safely use, while also ensuring you can stay connected to them at all times. It’s like smartphone with training wheels – a great first step towards them graduating to a regular smartphone when they’re old enough.

Vodafone Australia to resell smartwatches for kids

By UncategorisedNo Comments

ASX-listed software technology communications vendor MGM Wireless has tapped Vodafone Australia to resell its Spacetalk mobile phone smartwatch for children.

Spacetalk is a full mobile phone in the form of a smartwatch featuring child safety features like call screening, a customisable “school mode” to reduce distractions and real-time GPS tracking through MGM’s AllMyTribe app.

Vodafone will sell Spacetalk in its retail stores by August this year, bundled with a Vodafone mobile plan.

MGM Wireless chief executive Mark Fortunatow said, “We are delighted to have signed this agreement with Vodafone. For the first time, Australian parents will be able to purchase Spacetalk with a mobile plan for one affordable monthly fee. It’s a simple, one-stop solution to keep kids safe and families connected.”

Spacetalk was launched on a single online portal in 2017, later expanding into retail chains across Australia, UK and New Zealand, including JB Hi-Fi, The Good Guys, Officeworks, Kogan, Harvey Norman, as well as telcos Spark in NZ and Sky Mobile in the UK.

Vodafone head of devices Ian Wallis said the Spacetalk Watch “is a natural fit” for Australian families.

“We are proud to be the first Australian telco to partner with MGM Wireless to bring this innovative device to the market,” he said.

Fortunatow added that the deal recognises “the rapid emergence” of a responsible and practical solution for parents to stay connected with their children.

“Spacetalk delivers the security of instant connectivity without the risk of their youngsters being bullied or accessing inappropriate internet sites, social media or YouTube,” he said. “It is an age-responsible device that also keeps the whole family connected.”

Originally posted: https://www.crn.com.au/news/vodafone-australia-to-resell-smartwatches-for-kids-549882

The new Spacetalk Life wearable smartphone is designed just for seniors

By UncategorisedNo Comments

First there was a wearable smartphone for kids but now Spacetalk has launched a model for seniors with the Spacetalk Life  – a wearable 4G smartphone watch and GPS device.

The device, created by Australian company MGM Wireless, is designed to keep seniors connected to their loved ones but with the addition of features like an SOS alert button, GPS, Safety Callback, Location by Request, voice calls, SMS, step counter and Bluetooth pairing to assistive hearing devices.

The Spacetalk Life can also provide medical reminders and has an IP67 rating which means it is water and dust resistant.

The product has been designed to reduce pressure on aged care services while still providing seniors with sense of safety and independence and so that loved ones can keep track of them and stay in touch.

The Australian government send 19.9 billion dollars in 2018/2019 providing aged care to more than 1.3 million people.

Spacetalk Life is a 4G device that takes a nano SIM card for calls, texts and data.

Users are also requires to create an AllMyTribe subscription starting at $9.99 a month.

AllMyTribe allows users to establish safe zones, view location history and manage contacts.

The SOS alert button can be programmed to dial trusted contact as well as emergency services.

And if the user is unable to answer the Safety Callback feature swings into action to initiate the return call automatically.

Location by Request provides the users location while maintaining their privacy.

“The launch of Spacetalk Life is a significant company advancement and opportunity for MGM and the Company’s shareholders,” MGM Wireless CEO Mark Fortunatow said.

“It provides access to a large, new and rapidly growing market which is also complementary to our phenomenally successful Spacetalk children’s smartwatch business.”

The Spacetalk Life is available for the special pre-order price of $499. It is usually priced at $549.

Originally posted: https://www.techguide.com.au/news/gadgets-news/new-spacetalk-life-wearable-smartphone-designed-just-seniors/

Launch of Spacetalk Life Seniors Wearable Smartphone

By UncategorisedNo Comments

Leading Australian software technology company MGM Wireless Limited (ASX:MWR) (“MGM” or “the Company”) is pleased to announce the launch of SPACETALK Life, a wearable smartphone, watch and GPS device for the seniors market. The device features an SOS alert button, GPS, Safety Callback, Location by Request, voice calls, SMS, Step Counter, Weather, Bluetooth pairing to assistive hearing devices, ear buds and car audio, Medical Reminders, IP67 waterproofing and advanced battery performance.

Highlights:

  • MGM Wireless today announces the launch of SPACETALK Life, a stylish 4G wearable smartphone, watch and GPS device for the seniors market.
  • The device features an SOS button, GPS, voice calls, SMS, Step Counter, Bluetooth pairing to hearing assistive devices and car audio, Medication Reminders and IP67 waterproofing.
  • In a world first, the watch incorporates two innovationsthat work in tandem: Safety Callback to initiate calls when a senior is unable to answer; and Location by Request which provides the user’s location while protecting their privacy.
  • SPACETALK Life is controlled by an enhanced version of the Company’s AllMyTribe App ecosystem, which is currently generating over $1.5 million annualised recurring monthly revenue.
  • The device provides seniors with safety and independence, enabling families to directly care for their loved ones with peace of mind, while reducing pressure on aged care services.
  • The Australian government spent $19.9 billion in 2018-19 providing aged care to over 1.3 million people, the great majority of whom received home-based care and support 1 .
  • The rapidly aging global population 60 years and older is forecast to increase from 900 million in 2015 to 1.14 billion people in 2030, providing a large global opportunity for the Company.
  • SPACETALK Life will sell for $549 plus a $9.99 AllMyTribe App monthly subscription fee, and is now available for pre-order at spacetalkwatch.com for shipping in late July.
  • SPACETALK Life builds on MGM’s phenomenal success with the SPACETALK smartphone, watch and GPS device for children aged 5-12, which was launched in October 2017.

MGM Wireless CEO Mark Fortunatow commented: “The launch of SPACETALK Life is a significant Company advancement and opportunity for MGM and the Company’s shareholders. It provides access to a large, new and rapidly growing market which is also complementary to our phenomenally successful SPACETALK children’s smartwatch business.”

Original posted: https://www.medianet.com.au/releases/188608/