Enhanced Solutions Will Expand Functionality to
a Broader Family Structure to Include Parents, Children, Teens,
Elderly, and the Extended Family
Smith Micro Software, Inc. (Nasdaq: SMSI), a leading provider of
innovative, white-labeled Family Digital Lifestyle™ solutions
featuring location-based services and parental controls, today
announced a series of new enhancements to its flagship SafePath®
platform planned for release in 2024. These upgrades will provide
mobile network operators (MNO) with a robust and valuable set of
tools, along with a go-to-market strategy for rapid deployment and
launch, to help protect people against dangers and threats in both
the physical and digital world.
“The world in which we live today has become increasingly
challenging to navigate,” said William W. Smith, Jr., president,
chief executive officer, and chairman of the board of Smith Micro.
“We are experiencing significant conflict and violence worldwide,
while also battling persistent and evolving online threats. This
continuous barrage of new events takes a toll on everyone,
resulting in increased stress, anxiety, and uncertainty.”
Smith continued, “As we navigate our daily lives, we find
ourselves increasingly concerned about the safety of our loved
ones, not only our children, but also our friends and families,
which drives the need for the innovative solutions we offer through
SafePath.”
The safety of family and friends includes knowing that they can
be reliably and safely located, while their data remains secure.
Protection from online threats is also of paramount importance,
especially for children. Arming families with actionable tools fits
Smith Micro’s mission to securely combat attacks on people’s safety
and peace of mind.
When Smith Micro entered the digital family safety space nearly
a decade ago, the Company conducted extensive research and testing
to build a world-class, robust, and flexible software platform that
adapts and responds to ever-changing environments. This research
continues today as the Company responds to new threats and
challenges.
Smith Micro’s go-to-market channel strategy leverages its long
history of strong global mobile network operator relationships.
Since most of the world has at least one mobile device, MNOs are
the gatekeepers of people’s internet access, and therefore the most
logical source of SafePath’s protections. MNOs’ broad reach and
distribution provides the connectivity on which all mobile devices
rely. Individuals’ trust in, and reliance on, their wireless
carrier, including the delivery of safe and private connectivity,
make the MNO channel ideal for delivering Smith Micro’s solutions.
Carriers combine stringent standards for data privacy and
integrity, along with adherence to legal obligations, to maintain
user data privately and securely.
“Our focus and long-term commitment to digital family safety
ensures that our MNO partners' SafePath-powered solutions deliver
peace of mind, confidence, and value to MNOs’ subscribers,” added
Smith. “Family subscribers are an integral part of MNOs’ consumer
strategies. SafePath equips them with the tools they need, along
with a turn-key platform, to help increase brand loyalty and deepen
relationships with these valued subscribers.”
To help Smith Micro’s MNO partners’ brands, and demonstrate a
shared commitment to empowering families, the company is announcing
a series of enhancements to its SafePath platform that will
significantly expand the addressable reach of its solutions.
SafePath Premium™
A significant upgrade of the platform’s core online protection
and digital parenting tools, that will include enhanced AI/machine
learning to optimize and customize families’ online experience, and
provide cyberbullying protection, social media intelligence and
public safety notifications that allow parents or guardians to
react quickly and appropriately when necessary.
SafePath Global™
This new deployment and launch model will allow MNOs to rapidly
deliver SafePath to their users with faster time-to-market, minimal
reliance on the MNO’s resources and easy consumer onboarding either
via the Google Play™ store or Apple App Store®, as well as
traditional direct carrier distribution. This approach will allow
families to find protection from a known, centralized, and trusted
provider.
About SafePath®
The SafePath platform, currently comprised of SafePath Family,
SafePath IoT, SafePath Home, and SafePath Drive, 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 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, the impact of the
COVID-19 pandemic on our business and financial results, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20231107558636/en/
PR INQUIRIES: Paula Yurkovich Smith Micro Software +1
(412) 260-1259 pr2@smithmicro.com IR INQUIRES: Charles
Messman Smith Micro Software +1 (949) 362-5800
IR@smithmicro.com
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