Smith Micro Announces New Agreement with a Mobile Operator in the US for Deployment of Its SafePath Platform

Rhea-AI Summary

Smith Micro Software, Inc. (SMSI) has signed a new agreement with a U.S.-based mobile operator for the deployment of SafePath Global™, accelerating the delivery of the application to the market. The SafePath Global model enables carriers to offer family safety solutions quickly and easily, reducing deployment challenges and ensuring a faster time to market.

U.S. Wireless Carrier Will Launch First Deployment of SafePath Global™

PITTSBURGH--(BUSINESS WIRE)-- Smith Micro Software, Inc. (Nasdaq: SMSI) announced that it has a signed a new agreement with a U.S.-based mobile operator for deployment of the SafePath^® solution to its subscribers.

“We are pleased to announce a new customer for our SafePath platform, who will be the first to launch SafePath Global™,” said William W. Smith, Jr., president, CEO, and chairman of the board of Smith Micro. “Our new SafePath Global deployment model allows for a significant acceleration of the delivery and launch of the application into the market, giving families peace of mind and delivering revenue faster.”

SafePath Global allows carriers of any size to offer all of the features of the SafePath app quickly and easily to their customers, enabling them to obtain a family safety solution from a wireless provider that they know and trust. It reduces or eliminates many of the challenges of deploying a family safety solution, such as cost, resource constraints, and multiple decision points, into an easy, universal delivery method that provides a faster time to market with minimal required resources.

About SafePath^®

The SafePath platform, comprised of SafePath Family™, SafePath IoT™, SafePath Home™, SafePath Drive™, SafePath Premium™, SafePath OS™ and SafePath Global™ provides comprehensive and easy-to-use tools to protect digital lifestyles and manage connected devices through a single app. As a carrier-grade, white-label solution, SafePath empowers wireless service providers and cable operators to bring to market full-featured, on-brand family safety solutions that provide in-demand services such as location, parental controls, screen time management and driver monitoring to mobile subscribers. Delivered to end users as value-added services, SafePath-based solutions activate new revenue opportunities for service providers while helping to increase brand affinity and reduce subscriber churn. Learn more at smithmicro.com/safepath.

About Smith Micro Software, Inc.

Smith Micro develops software to simplify and enhance the mobile experience, providing solutions to some of the leading wireless service providers around the world. From enabling the family digital lifestyle to providing powerful voice messaging capabilities, Smith Micro’s solutions enrich today’s connected lifestyles while creating new opportunities to engage consumers via smartphones and consumer IoT (Internet of Things) devices. The Smith Micro portfolio also includes a wide range of products for creating, sharing, and monetizing rich content, such as visual voice messaging, optimizing retail content display and performing analytics on any product set. For more information, visit www.smithmicro.com.

Smith Micro, the Smith Micro logo, SafePath and Digital Family Lifestyle are registered trademarks or trademarks of Smith Micro Software, Inc. All other trademarks and product names are the property of their respective owners.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements regarding future events or results within the meaning of the Private Securities Litigation Reform Act, including statements related to the future availability and launch release of Smith Micro’s products and services and/or enhancements and updates to our products and services by our customers, other projections of outlook or performance and future business plans, and the benefits that Smith Micro believes our solutions will offer to our customers and to their end users, and statements using such words as “expect,” “anticipate,” “believe,” “plan,” “intend,” “could,” “will” and other similar expressions. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Among the important factors that could cause or contribute to such differences are unanticipated delays or obstacles in our development and release cycles, the degree to which competing business needs may affect our allocation of resources to planned projects, the degree to which our customers adopt, offer and promote our products and services and our planned enhancements and updates thereto or the degree to which their end users adopt our products and services and our planned enhancements and updates thereto in the time period that we expect or at all, our reliance on third party operating systems for the proper operation and delivery of our solutions and any barriers to our use of such third party technology, our reliance on third party application stores for the distribution of our software applications and any barriers to such distribution, including any delay or failure of such third party to approve new versions of our applications or their implementation and/or application of policies that may be harmful to our business, our ability to attract and retain key technical personnel that are essential to our product development efforts, changes in demand for our products from our customers or their end users, changes in requirements for our products imposed by our customers or by the third party providers of software and/or platforms that we use, new and changing technologies and customer acceptance and timing of deployment of those technologies, and our ability to compete effectively with other software and technology companies. These and other factors discussed in our filings with the Securities and Exchange Commission, including our filings on Forms 10-K and 10-Q, could cause actual results to differ materially from those expressed or implied in any forward-looking statements. The forward-looking statements contained in this release are made on the basis of the views and assumptions of management, and we do not undertake any obligation to update these statements to reflect events or circumstances occurring after the date of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240402357578/en/

PR INQUIRIES:

Smith Micro Software

Paula Yurkovich

+1 (412) 260-1259

pr2@smithmicro.com

IR INQUIRES:

Smith Micro Software

Charles Messman

+1 (949) 362-5800

IR@smithmicro.com

Source: Smith Micro Software, Inc.

FAQ

What agreement has Smith Micro Software, Inc. (SMSI) signed recently?

Smith Micro Software, Inc. (SMSI) has signed a new agreement with a U.S.-based mobile operator for the deployment of SafePath Global™.

What is the purpose of the SafePath Global™ deployment model?

The SafePath Global™ deployment model accelerates the delivery and launch of the SafePath app into the market, providing families with peace of mind and generating revenue faster.

What does SafePath Global™ allow carriers to do?

SafePath Global™ enables carriers of any size to offer all features of the SafePath app quickly and easily to their customers, providing a family safety solution from a trusted wireless provider.

What challenges does SafePath Global™ address?

SafePath Global™ reduces or eliminates challenges in deploying a family safety solution, such as cost, resource constraints, and multiple decision points, offering a universal delivery method with a faster time to market.