Flexiroam Limited announced that it has signed an agreement to provide IoT connectivity to Lutikey LLC, a US based company that manufactures LutiBand Smartwatches for Seniors. Under the agreement, Flexiroam will provide Internet of Things (IoT) connectivity to a minimum of 10,000 LutiBand Smartwatches, for an initial term of 3 years. The agreement contains terms and conditions which are customary for an agreement of this nature, including a 30-day termination notice by either party.

The minimum annual volume commitment is AUD 135,000, which will increase as the number of devices and data consumption increases.