Xplora Technologies entered into a new European Master Distributor agreement with German based Brodos AG. Pursuant to the agreement, Brodos shall buy the majority of Xplora's European inventory at standard distributor terms, and take over the full distribution of Xplora´s smartwatches to all its telco- and retail- channels and fulfill its online- sales channels across Europe. The transfer of assets shall be completed within second quarter of 2023.

The agreement marks another milestone in Xplora's ongoing improvements to operations and plans to efficiently scale the business.