PriceSensitive

Family Zone reaches 1000 school clients with US expansion

Technology
ASX:FZO
21 October 2019 22:04 (AEST)

Family Zone has today passed through 1000 contracted school clients.

This number represents a significant milestone and highlights the success that the company has had expanding into the U.S.

The U.S. education sector is enormous with more than 100,000 schools and 50 million students.

Family Zone launched in the U.S. in late 2018 and has already achieved significant success by now servicing more than 65 school districts and 550 schools.

In addition, Family Zone has a significant number of schools in POC (proof of concept) trials and a large and growing, sales pipeline across Australia, New Zealand, and the U.S.A.

With this recent growth, the company expects to accelerate into 2020 and beyond.

Family Zone’s technology allows users to monitor internet usage on several devices through cloud-based software.

Users can also track all smartphone devices, limit social media, block adult content, manage screen time, limit online gaming, and set bed and study times.

The access policies to monitor or limit internet usage can be installed on end-user devices, in mobile networks or in-network gateways.

Family Zone has also had a busy 2019, in between securing a U.S. patent and reaching a share price high of 0.28 cents per share.

The company has landed partnerships with Google, Telkomsel Indonesia, Noel Leeming and JB Hi-Fi.

Earlier this month Family Zone reached another milestone of 150,000 paid subscribers and planed a $4.75 million raised to help fund business development in the U.S.

Family Zone’s share price is down slightly, with shares trading for 18 cents apiece in a $38.85 million market cap.

Related News