The Big Picture

The US stock market is still correcting after another fall on Friday but MWR's expanding retail market should provide the back drop for the MWR sp uptrend to continue for years. The chart on wearable device sales below shows strong actual and forecast annual growth within each region. The orange in the chart represents Western Europe. UK, where we will be selling through retailers THIS quarter, would be only a sub-sector of that orange section in the chart but is still three times the size of the Australian market. As a market that is said to me more familiar with kids smartwatches, that could see our sales more than triple over the next six months. The rest of Europe offers further upside. That is a lot of expansion. However as Tony Barber pointed out in another thread, we have also registered the Spacetalk trademark in North America. That's the much larger green section on the chart. Entering even a part of the North American market could boost sales by more than all of Europe combined. I don't recall any talk of US at this stage but there is plenty of growth potential in Europe before we need to see any news on the US and a trademark there suggests it may be considered after UK or Europe.




Regarding the UK and Europe;

"Mr Fortunatow said that SPACETALK’s key advantage in the UK market will be its safety, security and quality.“Incumbent children’s smartwatch vendors are mainly white labelled Chinese watches. Many have had to withdraw their products because they didn’t meet watertight security standards required to support parental smartphone Apps. SPACETALK’s security is not only road-tested in Australia and New Zealand but meets stringent EU General Data Protection Regulation (GDPR) tests.”“A new version of SPACETALK has been specifically built for the UK which operates on the 900/1200 bands. Interestingly, these bands make SPACETALK compatible with the mobile phone spectrum used across Europe,” he said. “However, our main energies will be directed at the UK market and its predominantly English language customers. Our experience at Mobile World Congress tells us there is significant interest in SPACETALK’s high security and privacy features from European retailers and telcos, and we are throwing the group’s resources behind the UK as our first foray into this huge potential market.”