SAN
FRANCISCO, May 13, 2024 /PRNewswire/ -- Life360, a
family connection and safety company, announces a signed
non-binding letter of intent with Hubble Network to become the
exclusive consumer application of their groundbreaking satellite
Bluetooth technology. Through this strategic partnership, Life360
will leverage Hubble's global satellite infrastructure and its
extensive network of over 66 million smartphones* to introduce
"Find with Life360," a global location-tracking network. Hubble's
breakthrough achievement of connecting Bluetooth devices to a
satellite tracking network avoids previous limitations of Bluetooth
location-tracking devices. Find with Life360 has the potential to
herald a new era in location tracking and surpass the finding
network capabilities of Apple and Google.
Track Anything, Anywhere
Integrating Life360's Tile
Bluetooth trackers onto the Find with Life360 network seeks to
ensure important items can be found and recovered, regardless of
where you are on the globe. The combined Hubble and Life360 network
will be designed to make any item findable without the need for
cellular connectivity. Imagine losing your keys while hiking in a
National Park, Find with Life360 will make pinpointing their
location easy, transforming a potential ordeal into a minor blip on
the adventure radar. With Life360's platform-agnostic approach,
available on both Android and iPhone devices, the convenience and
assurance of locating items, whether indoors or out, are now within
reach for everyone. Find with Life360 aims to be compatible with
the new Tile Pro and Tile Slim launching in the second half of
2024.
An Advancement in Wireless Innovation
Hubble's
ground-to-orbit technology marks a significant advancement in
wireless connectivity, extending a Bluetooth device's range from
mere feet to hundreds of miles. Hubble has proven its technology by
successfully launching two satellites into orbit, each already
hosting live, working devices on its network. With a constellation
of 96 satellites planned to be in orbit by 2028, pending approval
of launch dates, Hubble expects to provide connectivity globally,
irrespective of cellular reception.
Developer Friendly
Find with Life360 will also
provide API access to developers, allowing them to integrate any
item onto its map seamlessly. Life360 aims to establish itself as
the universal location service for all essential tools, advancing
its goal to improve everyday family life for its members. Find with
Life360 intends to prioritize developer-friendly functionality,
providing easy integration and empowering developers with the
freedom to customize their location-tracking experiences.
Theft Protection
A differentiating feature, Find
with Life360 prioritizes user control, particularly regarding theft
protection. Users on the Find with Life360 network will have the
option to opt out of overly intrusive alerts. While our competitors
inundate users with aggressive anti-stalking notifications,
rendering Bluetooth devices ineffective for theft recovery by
alerting thieves to their presence and location, we offer a
solution. Similar to Tile devices in Anti-Theft Mode, users can opt
out of these burdensome alerts by scanning a government ID,
allowing them to reclaim control over their tracking
experience.
Chris Hulls, CEO and founder of Life360, shares his enthusiasm
for the partnership, stating, "We believe the collaboration between
Life360 and Hubble Network marks a pivotal moment in the evolution
of location tracking technology. We're providing consumers
unprecedented access to global location tracking, ushering in a new
era of peace of mind and security. Additionally, we're empowering
both users and developers by offering flexible privacy options and
seamless integration, setting us apart from other offerings."
Alex Haro, CEO of Hubble Network
and Co-Founder of Life360, echoes this sentiment, highlighting the
significance of the collaboration. "Choosing Life360 as the
exclusive consumer-side platform reflects our shared vision of
integrating location awareness into everything. With Life360's
unwavering focus on meeting members' needs and its reputation as a
trusted ally of families worldwide, this collaboration embodies our
commitment to redefine connectivity in our ever-connected
world."
To discover more about the proposed partnership, visit
Life360.com/find.
*Life360 reporter 66 million MAU as of March 31, 2024
ABOUT LIFE360
Life360, a family connection and safety
company, keeps people close to the ones they love. The
category-leading mobile app and Tile tracking devices empower
members to stay connected to the people, pets, and things they care
about most, with a range of services, including location sharing,
safe driver reports, and crash detection with emergency dispatch.
As a remote-first company based in the San Francisco Bay Area, Life360 serves
approximately 66 million monthly active users (MAU), as of
March 31, 2024, across more than 150
countries. Life360 delivers peace of mind and enhances everyday
family life in all the moments that matter, big and small. For more
information, please visit life360.com.
ABOUT HUBBLE
Hubble Network is building a global
satellite network that any Bluetooth-enabled device can connect to,
even without cellular reception. By creating the world's first
truly global, cost and battery-efficient network, our mission is to
connect a billion devices. Founded by a team with decades of
experience in RF, Space, and Industrial IoT applications, Hubble
has already launched its first two satellites, proving Bluetooth
connectivity to space. For more information, please visit
hubblenetwork.com.
Forward-Looking
Statements
This announcement and contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Life360 intends such
forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in Section 21E
of the Securities Exchange Act of 1934, as amended. These
forward-looking statements regarding Life360's intentions,
objectives, plans, expectations, assumptions and beliefs about
future events, including Life360's expectations with respect to
Hubble's plan to launch a full constellation of satellites planned
to offer near real-time connectivity globally, irrespective of
cellular reception; providing provide API access to developers and
prioritizing developer-friendly functionality; and offering users
flexible privacy options. The words "anticipate", "believe",
"expect", "project", "predict", "will", "forecast", "estimate",
"likely", "intend", "outlook", "should", "could", "may", "target",
"plan" and other similar expressions can generally be used to
identify forward-looking statements. Indications of, and guidance
or outlook on, future earnings or financial position or performance
are also forward-looking statements. Investors and prospective
investors are cautioned not to place undue reliance on these
forward-looking statements as they involve inherent risk and
uncertainty (both general and specific) and should note that they
are provided as a general guide only and should not be relied on as
an indication or guarantee of future performance. There is a risk
that such predictions, forecasts, projections and other
forward-looking statements will not be achieved. Subject to any
continuing obligations under applicable law, Life360 does not
undertake any obligation to publicly release the result of any
revisions to these forward-looking statements to reflect events or
circumstances after the date of this announcement, to reflect any
change in expectations in relation to any forward-looking
statements or any change in events, conditions or circumstances on
which any such statements are based. Although Life360 believes that
the expectations reflected in the forward-looking statements and
the assumptions upon which they are based are reasonable, Life360
can give no assurance that such expectations and assumptions will
prove to be correct and, actual results may vary in a materially
positive or negative manner. Forward-looking statements are subject
to known and unknown risks, uncertainty, assumptions and
contingencies, many of which are outside Life360's control, and are
based on estimates and assumptions that are subject to change and
may cause actual results, performance or achievements to differ
materially from those expressed or implied by such statements.
Factors that could cause actual results to differ materially from
those in the forward-looking statements include risks related to
Life360's business, market risks, and the risk that the products
and services may not perform as expected, as described in greater
detail under the heading "Risk Factors" in Life360's ASX and SEC
filings, including its Annual Report on Form 10-K filed with the
Securities and Exchange Commission on February 29, 2024 and other reports filed with
the SEC. To the maximum extent permitted by law, responsibility for
the accuracy or completeness of any forward-looking statements
whether as a result of new information, future events or results or
otherwise is disclaimed. This announcement should not be relied
upon as a recommendation or forecast by Life360. Past performance
information given in this document is given for illustrative
purposes only and is not necessarily a guide to future performance
and no representation or warranty is made by any person as to the
likelihood of achievement or reasonableness of any forward-looking
statements, forecast financial information, future share price
performance or any underlying assumptions. Nothing contained in
this document nor any information made available to you is, or
shall be relied upon as, a promise, representation, warranty or
guarantee as to the past, present or the future performance of
Life360.
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