Spacetalk Signs UK and German Sales Agreements Targeting Over A$1.6 Million in Hardware Revenue

Shwetambri Chauhan

10 November 2026 12:56 PM AEDT

Spacetalk Signs UK and German Sales Agreements Targeting Over A$1.6 Million in Hardware Revenue

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Spacetalk Ltd (ASX:SPA) has signed sales representation agreements with TIOGO Limited in the United Kingdom and upsell digital GmbH, trading as VALOQ.DE, in Germany, with combined non-binding sales targets exceeding A$1.6 million in net wholesale hardware revenue during the first 12 months following signing of the respective agreements.

Key Points

Spacetalk signed sales representation agreements with TIOGO in the United Kingdom and VALOQ in Germany, both commencing immediately following signing.
Combined non-binding sales targets exceed A$1.6 million in net wholesale hardware revenue received by Spacetalk in the first 12 months following signing of the respective agreements.
The A$1.6 million target excludes all incremental mobile connectivity and App subscription revenue; no subscription revenue forecast is disclosed.
Both agreements cover Spacetalk's entire current and future smartwatch range and are non-binding, with no minimum purchase commitments or guaranteed revenue.

Terms and Scope of UK and German Agreements

The agreements with TIOGO in the United Kingdom and VALOQ in Germany commence immediately following signing and cover Spacetalk's entire current and future smartwatch range. TIOGO will provide sales representation in the United Kingdom, while VALOQ will provide sales representation in Germany. Both partners are to support market development, commercial engagement and the development of relevant sales and distribution channels for Spacetalk devices. The agreements are described as non-binding and do not represent minimum purchase commitments or guaranteed revenue, with actual performance dependent on customer demand, channel development, product availability and market execution.

First-Year Hardware Sales Targets

Under the agreements, Spacetalk and each partner have established sales targets for their respective markets. The combined targets exceed A$1.6 million in net wholesale hardware revenue received by Spacetalk over the first 12 months following signing of the respective agreements. The targets are measured as net wholesale revenue from device sales only and exclude all incremental revenue from mobile connectivity, App subscriptions and premium family safety services. CEO and Managing Director Simon Crowther stated that the combined non-binding first-year hardware sales target of more than A$1.6 million provides a clear commercial objective for these partnerships.

Subscription and Family Safety Ecosystem Opportunities

According to the filing, hardware sales through the UK and German partnerships create opportunities to introduce households to Spacetalk's family safety ecosystem, including premium App services such as Online Safety and 24/7 emergency monitoring, subject to availability in each market. Any mobile connectivity and App subscription revenue generated through these partnerships will be incremental to, and excluded from, the combined first-year hardware sales target. Subscription outcomes will depend on customer activation, the availability of services in each market and ongoing customer take-up. No forecast for incremental subscription revenue is disclosed in the filing.

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